Is this a Deal in NJ?

[Antonio Pantano]

HI BP

I'm in the process of looking over a deal in Morris County NJ.

It is a 4 bed and 2 bath. Good schools in Morris county and less than 1/4 mile to a train station in Towaco/Montville.

The seller is offering 50% financing

Details below...

ARV: $460-470K 2800 Sqft.

Repairs: Roof, Painting, remodeling of bathrooms and kitchen 35-45K

Selling Price $310K

Seller Financing $150K No interest 12 months Term: 10 years at 6%

Cash 150K

Taxes: $7800/yr

I'm looking to wholesale it at the $310K price

Let me know if looks like a good deal?

Thanks Anthony