226 Mortimer 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 226 Mortimer St, Klamath Falls, OR, 97601 offers a 10.78% rental yield on a $155,000 purchase with $1,393/mo rent. Total monthly income registers $1,393/mo, and a $759/mo payment leaves $457/mo available for distribution. Annual cash flow reaches $5,484/yr on $51,383 to close, and return on cash invested stands at 30.58% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 159.96% and total cumulative return in cash at $82,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,393/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
3,049 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 • Fisher Nicholson Realty, LLC
Mls Name: Oregon Datashare
Mls ID: #220210587