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.