2202 Joe Wright RdKlamath FallsOR97603
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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
Rental property for sale in Klamath Falls at 2202 Joe Wright Rd, Klamath Falls, OR, 97603 offers $1,638/mo rent that, after a $1,140/mo payment, leaves $232/mo cash flow. Total monthly income is $1,638/mo, and annual cash flow is $2,784/yr on $77,240 cash. Return on cash invested measures 23.51% in year one, and rental yield stands at 8.44% at a $233,000 entry. Equity gained on principal adds $1,504/yr while 5% annual appreciation compounds into $64,374 by year five. Five-year ROI records 121.96% and total cumulative return in cash reaches $94,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,638/mo property income versus a $1,140/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7.17 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
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Listed by: MCKENZIE FRISHKORN • Next Door Real Estate Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #825359
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.