A smart move in Maryland

[Che Ross]

I'm currently looking at buying my second property via seller financing:

It's a single family home recently built in 2013, 3 bedroom/2 full baths, no rehab work needed. I'm looking to buy at $60,000 with $5,000 down and 8-10% interest rate for 30 years for around $550-$580/month. I want to rent the property out for $1,600 to $1,700/month. Is this a good deal?