Lease Purchase Opinion?

[Alan Day]

My wife and I are new to investing in buy-and-hold properties and I wanted to ask the opinions of those more seasoned than we are. I have connected with a wholesaler who finds motivated sellers, gets the property under contract and then connects with an investor offering a Lease/Purchase assignment for a fee of $2,500 + $1,000 closing costs ($3,500 to wholesaler on assignment).

The property is a 3/2 with FMV of $110,000 and rent of $1,000/month. The lease purchase is $100,000 with $5,000 down = $95,000 amortized over 25 years and a 3 year balloon. Analysis shows perhaps $300/month cash-flow.

Does anyone have any opinions if this is a good investment?