Help me review this Seller Finance Deal

[Becca Pariser]

Hi there! Hoping I can get community feedback on a deal I'm analyzing before we send EMD. I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)

Details:

- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back

- Zipcode 78745

- Purchase price: $469,900

- Down payment: $50,000 plus CC (includes assignment fee)

- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon

- PITI $2744.02

- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)

- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split