Sanity check - would you make this offer?

[Micah Starbuck]

Looking to get additional eyes and thoughts on a potential purchase.

Here's the breakdown:

Home value: $250,000

Amount owed by owner: ~$150,000

My potential offer: $175,000 + $350 a month for 240 months (or $84,000, whichever comes first)

Rent: $1,500/month

Repair: <$5,000 (if any at all)

The owner is retired and full-time RVing.  They are currently renting the house for $1,100/month.  They are looking to sell the house, purchase a newer RV and invest whatever's left in a way that pays them monthly dividends.

I think this hits all their targets but I'm open to other ideas or approaches.

Thanks a ton.