Borrower looking to rate/term refinance the subject property located in Sugar Land, TX and hold it for long-term rental income. Subject is a single-family rental currently vacant with the market rate per the appraiser's estimate at $2,100/month. Subject was appraised for $369k as-is and a CDA confirmed the value was acceptable. Sponsor on the loan has excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 75% LTV presenting 1.00 DSCR.