Sounds like a reasonable deal for a 2wd tractor.
I assume you'll be using it to mow or brush hog, as that would be the strong suit for a 2wd of this size. As whitey mentioned, its gear drive. It will pull a 5 foot finsih mower all day, every day and will be a joy to run. Without the loader for ballast and 4wd, you'd probably be limited to a 4 ft brush hog. My 5 footer makes the frontend light and will push it around ( think tail wags the dog) on a quick turn.
Also - do yourself the favor and ditch the turf tires if your uses are other than lawn mowing. I will be doing the same, just not in the budget right now. Pulling my 5 ft brush hog, I need 4wd and frequently use the differential lock on our our hills (its all hills). Without the added traction of 4wd also known as MFWA (mechanical front wheel assist), you will encounter traction problems unless mowing a flat lawn.
BTW - these little machines are incrediblely reliable and strong. My little 770 has sat outside for a long time and continues to be super reliable.