Owner Finance Strategy Question

[Tyler Gautier]

I recently purchased a property for $674K purchased through a mortgage lender with 5% down at 5.875% fixed rate 30 year mortgage. I immediately was offered 765K from an interested party who would like to work out an owner finance option. What would be the best way to structure this for the property to still cash flow? 

My current payment is $4,861.51 below is the breakdown.

P&I - $3,821.33

Mortgage insurance - $209.95

Escrow $829.93