3112 Cannon AveKlamath 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 3112 Cannon Ave, Klamath Falls, OR, 97603 uses $56,322 cash to close to unlock $3,096/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,284/mo, and a $832/mo payment keeps the spread at $258/mo. Purchase price stands at $169,900, and rental yield measures 9.07% with $1,284/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 132.21% and total cumulative return in cash records $74,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,284/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1937
10,454 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: N/A • Windermere Real Estate Kf
Mls Name: Oregon Datashare
Mls ID: #220205329