Seller Financing rates/terms for residential sale?

[John P.]

Thinking to sell a rental house in Memphis for around $200k. Thinking to offer seller financing to increase interest in the property and I like some of the advantages of seller financing. Have never done this before. I intend to use a loan servicer as I assume they make sure that taxes and insurance are paid!? Curious what are common terms/rates/etc... these days? It would rent for about $1,500 fwiw. 10% down? Balloon in 5 or 10 years? 8% interest? 10%? I just don't know. Or do you base terms on down and their credit application? Any guidance would be appreciated.