1865 Melrose StKlamath FallsOR97601
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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
Investment Highlights
Investment property for sale in Klamath Falls at 1865 Melrose St, Klamath Falls, OR, 97601 uses $62,985 cash to close to unlock $3,397/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,430/mo, and a $930/mo payment keeps the spread at $283/mo. Purchase price stands at $190,000, and rental yield measures 9.03% with $1,430/mo rent. Return on cash invested shows 25.3% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 131.63% and total cumulative return in cash records $82,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,430/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1927
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97601, Klamath Falls, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,324 (100%) |
| Owner Occupied HU | 5,711 (50.4%) |
| Renter Occupied HU | 4,326 (38.2%) |
| Vacant Housing Units | 1,287 (11.4%) |
| Median Home Value | $352,051 |
| Average Home Value | $395,890 |
Housing Distribution
Address Breakdown
Residential
10,331
Single Family
9,746
Multi-Family
585
Businesses
1,160
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Listed by: N/A • Rookstool Moden Realty Llc
Mls Name: Oregon Datashare
Mls ID: #220208289