Repeat Borrower looking to cash out refinance the subject property located in Knoxville, TN and hold it for long-term rental income. Subject is a SFR currently leased for $2,750 per month which is below the market rate per the appraiser's estimate ($3,250). Subject was appraised for $295k As-Is and a CDA confirmed the value was acceptable. Sponsors on the loan have good credit with and bank statements reflect sufficient liquidity to meet the deal’s reserve requirement. Total loan amount 75% LTV with 1.57 DSCR.