Is this a good deal?

[Beliria Sims]

Happy Monday BP family, 

I saw an interesting post written by @Stephen Jones , and I was wondering what you all think about this deal. What would you do and why? 

Originally posted by @Stephen Jones:

Good Morning BP,

I have a seller financing deal in place on a 6 plex property that I'd like your opinion on. Here are the terms:

-washer/dryer hookup

- 1 Bedroom/1 Bathroom

- Roughly 550 Sq Ft.

Purchase Price- 290,000.00$

Yearly Rent Roll- 42,840.00$

Yearly Expenses-

Trash-1200.00$

Tenant water- 2800.00$

Taxes- 4700.00$

Insurance- 2000.00$

Seller Financing terms-

10% Downpayment

3 year balloon

25 year amortization

5 % interest rate