Whether you're looking for a family getaway, a 1031 exchange opportunity, or a grandfathered short-term rental (STR), River Ridge is the perfect choice. Nestled high above the breathtaking Deschutes River, this 1/5th deeded interest, beautiful 2-bedroom, 2-bathroom condominium comes fully turn-key. You will have the ability to create two separate rentals by locking off the second bedroom or stay in one and rent the other! Unwind in your private covered hot tub, surrounded by a serene forest setting, while enjoying the soothing sounds of the Deschutes River. Experience a wealth of activities within the resort, complete with heated pools, hot tubs, Fireside room, direct access to the Deschutes River trail & the ability to trade your weeks with RCI . Conveniently located near historic downtown Bend and the vibrant Old Mill District. Enjoy the best that Bend has to offer at Mt. Bachelor Village! River Ridge has a no pet policy.
Listing courtesy of RE/MAX Key Properties, agent Pattie Serbus
Data last updated July 12, 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 $72,000 · $18,000 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 $89,500 with 20% down, this property cash-flows $555 per month, a 13.8% cap rate and 37.2% cash-on-cash return.
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.
ListPrice: 91000.00 → 89500.00
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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