Repeat Borrowers are looking to Rate/Term refinance on subject property located in Owensboro, KY to hold for long-term rental loan. Subject is an SFR currently leased for $1,200 per month which is equal the market rates per the appraiser's estimate ($1,200). Subject appraised for $145k As-Is and a CDA confirmed the value was acceptable. Three Sponsors has the loan with Excellent credit with a mid-score of 796; Bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 80.00% LTV with 1.11 DSCR.