Please tell me how this offer (to me) makes sense

[Matt M.]

So I just received an intriguing offer on a property of mine from an investment/wholesale company. 
I bought this property in August of 2019 for $60k. I spent 6 mos on a complete rehab by myself, put in about $15k. (20% down, rehab $ was cash so I put out about $30k). It has been rented since May 2020 for $1450. My expenses are about $700/month with $380 of that going to small commercial loan (winner!) it is worth about $175k in this market.

So the offer I received was this: $300,000 total purchase price- 0% down/0% interest- $950/month to me, they pay the mortgage/taxes/ins for 8 years with a balloon at the end. So approx $91k to me over the next 8 years and then a balloon payment of $200,000. 

How does this make any sense? Before the pandemic this house was worth $140k conservative. In the mean time, they would not cash flow anything, actually negative, and then hope they can refi and give me $200,000 in 8 years. I don’t get it, please help me understand how this makes sense!