1815 Derby StKlamath FallsOR97603
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1815 Derby St, Klamath Falls, OR, 97603 in Klamath Falls: $2,142/mo in rent, $461/mo in net income, 9.23% gross yield, 1.71 DSCR, all at $278,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $76,944 in appreciation and $2,565/yr in principal paydown projects total cumulative return of $135,156.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.4% |
| Monthly Cash Flow | $461 | $650 |
City averages based on Klamath Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,142 |
| Total Monthly Debt Service | $1,570 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
0.45 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,177
Single Family
12,590
Multi-Family
587
Businesses
814
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1948
0.45 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,177
Single Family
12,590
Multi-Family
587
Businesses
814
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Action Realty
Mls Name: Oregon Datashare
Mls ID: #220205376