Repeat borrower under contract to purchase the subject property located in Kokomo, IN for $120k to hold for long-term rental income. Subject is a 2-family currently leased for $850 per month (with one side vacant), which is below the market rate per the appraiser's estimate of $1,800. Subject was appraised for $120k as-is and a CDA confirmed the value was acceptable. Sponsor on the loan has excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 80.00% LTV/LTC with 1.80 DSCR.