SFR in Chicago 4br/2ba First Deal

[Karim Karawia]

H,

I'm hoping to find get some advice on a this deal I'm looking at in the Chicago, IL area.  It would be my first deal and want to make sure that I make the right decision before I acquire it. My investing goal is to Buy and Hold.  Below is the Deal that is on the table that I need help making a decision on.  Any help would be greatly appreciated.  Open to direct/personal message too.

SFR - Zip Code - 60620

4bd/2ba - Current rent is 1300

Owner Financing:

Purchase Price - 78k

Estimated Market Value -100k

15k Down

10 Year Amortized Monthly Payments with a 4 year balloon payment.

I've estimated Expenses being $360-$370 a month (including property management)

Cashflow estimated would be around $260

Best,

Karim