Have You Seen This Property in Rolling Meadows, IL?

Borrower looking to cash out refinance on subject property located in Rolling Meadows, IL and hold to long term loan. Subject is a SFR, currently receiving monthly rent of $3,150 where the market rates per the appraiser's estimate ($2,300). Subject appraised for $305K As-Is. Sponsor on the loan with a Good credit with a mid-score of 733. Bank statements reflect sufficient funds to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 73.40% LTV with 1.10 DSCR.