Rate and term DSCR refinance with 625 FICO

[Rob Austin]

Indiana, considered rural by some lenders. Currently on a fix and flip loan that ends in April.

Would like to do rate and term dscr 30 year or cash out

Purchase price: $192,000

Original Purchase date: 9,13,24

Amount of rehab money spent: $20,000

Amount Owed on the property: $201,500

Current Value: $315,000

Any additional rehab money needed ($): No

If additional rehab is needed, new ARV: None

Desired **** amount: Rate and term

Number of Units: 3

Current Rental Income: $855, $855, $1200

Market Rental Income: $2910

FICO score: 628

Annual taxes: $3000

Annual insurance cost: $1700

Annual HOA: None

Est Cash on hand (bank accts, stocks, retirement, etc): $15,000

Number of purchases in the last 3 years: 4