640 Pelican 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 640 Pelican St, Klamath Falls, OR, 97601 listed at $270,000 pairs $2,376/mo rent with a $1,322/mo payment to leave $746/mo cash flow. Total monthly income runs $2,376/mo, and annual cash flow reaches $8,949/yr on $89,505 cash to close. Return on cash invested measures 29.91% in year one, and rental yield registers 10.56% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 156.26% and total cumulative return in cash totals $139,861. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,376/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
6,098 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: #220203075