1st Lease option deal

[Qasiym Glover]

Hey guys, I have a potential deal that I found on craigslist, here are the terms:

Sales price $115k, 

mortgage/taxes/insurance $1,200

property valued at $125k

Rent $1,500

I'm going to ask for a $10K down payment from the tenant-buyer 

Seller gets security deposit of $2,400 and option money of $2,000

My profit from the deal: 

300 per month

$5,600 difference between down payment and security deposit/option money

and then $10k once the property is sold.

Tell me what you think, once again this is my first deal, so keep that in mind. Also feel free to give me constructive criticism, please I welcome it! Thanks guys in advance.