$440,000
22604 Horseshoe
Klamath Falls, OR 97601 · Mountain Lakes Homesites
Down $10,000 from original list price $450,000.
Active75 days on market$223/sqft
Facts
Property details
Overview
Listing courtesy of Century 21 Showcase, Realtors, agent Jeannette Pickens
Data last updated June 22, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Charming rural home on 1.21 fenced acres in the Mountain Lakes community near Klamath Falls. This 3-bed, 2-bath home offers a large kitchen, family room, and formal dining. Two detached 1,248 SF shops make this a mechanic's dream—both have drive-through roll-up doors, and one includes an automotive lift. A greenhouse and space for RV parking add extra utility. Well maintained with no major capital needs, this property blends comfort and functionality. Located just off Hwy 140, it's only 10 minutes from Lake of the Woods and minutes from Rocky Point Resort and the county boat launch to the Upper Klamath Wildlife Refuge, with miles of canoe trails, fishing, and outdoor recreation at your doorstep.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $352,000 · $88,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $2,200 ($1,875–$2,525) · starting estimate. Edit to your own number.
At $440,000 with 25% down, this property runs $859 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
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