No Seasoning Cash out Refinancw

[Hamdaweh Sulemana]

Hello All,

I purchased a foreclosed home cash for $150,000 about 6 months ago, spent $25,000 on fixes and have it rented out in an A community @ $1000 a month in Arizona. 
I want to get some of that cash/equity to use as down payment for a second rental property. I spoke to a lender about the no seasonings cash out refinance and here is what I was offered: 4.75% 30 yr fixed  possible loan 105,000, principal and interest and tax $700.

Is this a good deal? Is it possible to get a better deal somewhere with another lender? What are your thoughts?

Happy Thanksgiving!

Hamdaweh