Repeat borrower looking to cash out refinance the subject property which is located in New Haven, CT to hold for long-term rental income. Subject property is 3-Family currently leased for $4,450 per month which is below the market rate per the appraiser's estimate ($4,950). Subject was appraised for $400k As-Is and a CDA confirmed the value was acceptable. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 75% LTV with 1.42 DSCR.