1512 Summers Ln, Klamath Falls, OR, 97603 | $651/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1512 Summers Ln, Klamath Falls, OR, 97603 | $651/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Klamath Falls at 1512 Summers Ln, Klamath Falls, OR, 97603 uses $82,875 cash to close to unlock $7,807/yr annual cash flow and $651/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,224/mo payment keeps the spread at $651/mo. Purchase price stands at $250,000, and rental yield measures 10.37% with $2,160/mo rent. Return on cash invested shows 29.33% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 153.19% and total cumulative return in cash records $126,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Single Family

Built in 1937

0.91 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 1-bath home on a .47-acre lot, PLUS a separate .44-acre parceltotaling .91 acres! The additional parcel offers excellent potential: build another home, add a multifamily unit, or place a manufactured home. This property has had some updating inside and out, including: French drain and fresh gravel in the parking area, buried water line to the greenhouse, RV pad with water and sewer drain, 4 fruit trees (2 apple, 2 cherry), new cadet heaters in every room, new front steps with house numbers, updated light fixtures, door hardware and a new tub surround. All the appliances are included. The courtyard has been cleaned, leveled, and graveled, while the backyard has been leveled. A drive-through gate provides easy access to the side and rear of the property. A rare opportunity with space, upgrades, and a valuable separate parcel. Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97603, Klamath Falls, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,657 (100%)
Owner Occupied HU	9,019 (66.0%)
Renter Occupied HU	3,900 (28.6%)
Vacant Housing Units	738 ( 5.4%)
Median Home Value	$289,668
Average Home Value	$315,767