New borrower under contract to acquire a property in Rochester, NY for $125.5k with intentions of holding it long-term as an income property. Subject is a 2-unit and is appraised for $131.5k As-Is, CDA confirmed the value was acceptable. Appraiser estimates the market rent to be $1,500 per month. Sponsor with mid-score of 781 and bank statements evidence sufficient assets/liquidity. Loan structured and priced in accordance with the qualification model. Total loan amount 80% LTC & 76.3% LTV.