Borrower looking to cash-out refinance this property located in St Louis, MO and hold it for long-term rental income. Subject is an SFR that was appraised for $236,000 as-is and is currently vacant with a market rent of $1600/month. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement for the deal. Loan structured and priced in accordance with the LTR model. Total loan amount 75% LTV with 1.52 DSCR.