What does a good Owner Finance deal in Dallas look like?

[Alex Montiel]

Hello,

I'm currently looking at acquiring a property here in the DFW area for $170K with conventional financing.  The rents in the area are around $1600, so it is just shy of a 1% deal and wouldn't make a great rental property.  If I were to owner finance this house, and convert a renter into a buyer, what would that look like and what types of metrics are typical for cash on cash return, etc.?  I believe that this deal would offer better cash flow than a rental and come with less headache of being a land lord (e.g. property management, vacancies, maintenance reserve, etc.).  Is there anything that I am missing?

Thanks in advance,

Alex