2590 Fargo StKlamath 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
Investment property for sale in Klamath Falls at 2590 Fargo St, Klamath Falls, OR, 97603 listed at $224,900 pairs $1,544/mo rent with a $1,101/mo payment to leave $186/mo cash flow. Total monthly income runs $1,544/mo, and annual cash flow reaches $2,235/yr on $74,554 cash to close. Return on cash invested measures 22.91% in year one, and rental yield registers 8.24% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 118.77% and total cumulative return in cash totals $88,549. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,544/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
9,583 sqft 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: Lorna Murray • RE/MAX Equity Group
Mls Name: RMLS (OR)
Mls ID: #348862375