[Calc Review] Help me analyze this deal

[Jarreau Jackson]

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Hello BP Fam! -- How often are sellers entertaining owner-financed deals in your market?

I'm looking to place my first owner-financed deal/offer and was looking for some input/feedback (I have not yet contacted owner):

1. Deal Structure for this vacant, free & clear SFR (I desire $250/mo. free cash flow):
> Asking: $130k (2bd/1ba)
> Estimated value: $105k
> Estimated repairs: $0
> Down Payment (3 mos. rents): $3,300
> Seller Financed loan amount: $126,700 @ 2% interest, over 25 years
-----> I am considering balloon payment in 5 years, if need be, of $106,692.78 (Cumulative Principal: $126,700; Cumulative Interest: $11,676.96)

2. Viability for owner financing in Florence, SC in 2022 (yes even here in a small town the market is stable and healthy!) --- 3.95% house value appreciation, YOY over the last 20 years for this census block.

3. Red flags and blind spots when approaching sellers when you as the buyer are only interested in owner-financing a property (I'm focusing a majority of my capital in other ventures).

The goal is to maximize free cash flow, close on a win-win deal, and hold this property as a LTR for > 10 yrs.

Am I approaching this realistically? I welcome any and all feedback (I have tough skin ;).

Thank you!

*This link comes directly from our calculators, based on information input by the member who posted.