STR Investment Opportunity - Thoughts?

[Cameron Wells]

I'm viewing a STR property in a few days with an option for seller financing. I'm curious what anyone here thinks of the owner financing terms.

Listing Price: $374,900

Down Payment: 25%

Term: Flexible

Interest Rate: 6.25%

7-year balloon

The property's net income over the past 3 years is averaged at roughly $42k per year. The interesting part, this is the income generated from two tiny homes (on wheels) on the property. I assume the sellers are offering seller financing since obtaining a traditional mortgage or refinancing to one after 7 years for this property is highly unlikely. If the owner financing terms are flexible, what would make this potential purchase more favorable on my end? The 7-year balloon is a little worrisome. Thanks!