Structuring a Seller Finance Deal

[Joseph DiBernardo]

Good morning -

I have come across a property I am interested in. The PP is 263K. The seller is offering terms of 15 years , 6.5% and 30% down. This property is a condo on Fire Island and generates roughly $20k in Net Income per year. 

With those terms - the cash flow is essentially 0. 

I have a call with the broker tomorrow to try to understand the seller’s position and motivation for selling, among other things. With that said - I’m wondering if anyone has recommendations on ways to get creative with seller financing that could generate positive cash flow? Granted I understand that will be dependent on what the sellers goals are but curious what levers I could pull. 

Thank you in advance !