Three Rivers
Escape to your own Central Oregon getaway in Oregon Water Wonderland 2! This beautifully maintained , move-in-ready 3-bedroom, 2.5-bath home offers 1204 sqft of comfortable living on a spacious .54 acre lot, with the Deschutes River nearby. Open floor plan, vaulted ceiling, tile counters, instant hot drinking water, hard wood floor throughout... The 896 SF(28X32') garage, covered carport, sheds and lean-tos provide exceptional space for boat, ATV, kayaks, bikes and all your Central Oregon adventure gear. The half bathroom inside garage has its own water heater. Whether you're looking for a peaceful weekend retreat, a full-time residence or a place to enjoy outdoor recreation year-round, this property offers the space, flexibility and location to make the most of the Central Oregon lifestyle.
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Loan amount $380,000 · $95,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $475,000 with 20% down, this property runs $1,141 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.
Listing courtesy of Keller Williams Realty Central Oregon, agent Helen Marston, 541-585-3760
Data last updated August 13, 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.
Source: Spark MLS. Active inventory.