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Some homes are just a place to live. This one is a place to actually live!
Picture this: a large covered back deck, completely private, wrapped in lodgepole, Douglas fir, ponderosa, and aspen. A small pond glimmers within the fence line. An eagle cuts across the sky. A deer disappears into the treeline. Tuesday morning in Oregon Water Wonderland II.
By afternoon you're launching from the community marina onto the Deschutes. By evening you're winding down on 40 acres of community trails before returning to your own half-acre sanctuary -- fenced with a dog run, two-car garage, separate workshop, and large storage shed ready for whatever life you're building here.
Inside, the open 2-Bedroom single-level Victorian bungalow is bright, functional, and full of potential--1,104 square feet of well-maintained floorplan just waiting for your personal touch.
This is the Central Oregon lifestyle--and it starts right here.
Listing courtesy of Realty One Group Discovery, agent Chance Jackson
Data last updated June 27, 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $373,000 · $93,000 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 $1,667 ($1,500–$1,925) · HUD Fair Market Rent (FY2025), Deschutes County, 2BR. Edit to your own number.
At $466,000 with 20% down, this property runs $1,513 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.
Get the rental projection