$499,000
2987 Oakley
Bend, OR 97701 · Aspen Heights
Coming Soon4 days on market$375/sqft
About this home
Description
Welcome to this charming, single-level home situated on a spacious corner lot in NE Bend! Perfectly priced at $499,000, this 3-bedroom, 2-bathroom property is an exceptional opportunity for first-time homebuyers or savvy investors looking for a high-potential rental near St. Charles Medical Center. Step inside to an inviting floor plan highlighted by dramatic vaulted ceilings and distinctive, stylish flooring featuring zebra wood and slate accents. The layout offers effortless flow, leading out to a massive back deck--ideal for entertaining or relaxing. Outside, the beautifully landscaped yard serves as your own private oasis, complete with a large, soothing water feature. Additional features include an attached double-car garage and a fantastic location with easy access to shopping, dining, and medical services. Don't miss out on one of the best values in Bend!
Facts
Property details
Overview
- Bedrooms
- 3
- Bathrooms
- 2.0
- Living area
- 1,329 sq ft
- Property type
- Single Family Residence
- Year built
- 1992
- Property age
- 34 years
- Style
Listing courtesy of Alpine Real Estate, agent Kristen Jokinen
Data last updated June 25, 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.
Education
Schools
Outdoors
Parks nearby
Estimate
Monthly payment
A rough estimate, not a quote. A real number comes from a lender.
Principal + interest$2,656/mo
Property taxes$290/mo
Homeowners insurance$139/mo
Total monthly (PITI)$3,085
Loan amount $399,000 · $100,000 down · 30 year term
For investors
Rental analysis
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.
Purchase & financing
$
$
20% · $99,800
%
Income
$
Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
%
Operating expenses
$
$
%
%
%
$
Cash flow
-$1,264/mo
Cap rate
3.3%
Cash on cash
-15.2%
Cash needed
$99,800
At $499,000 with 20% down, this property runs $1,264 per month negative. Adjust the price, down payment, or rent to find what works.
Monthly cash flow
Gross rent$2,336
Vacancy (5%)- $117
Operating income$2,219
Operating expenses- $827
Net operating income$1,392
Loan payment- $2,656
Cash flow-$1,264
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.
Location
Where this home sits
In Bend, the largest city in Central Oregon, between the high desert and the Cascades.
Climate
Climate risk
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 reportInvestment
Vacation rental
We 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.
Get the rental projection