The Cottages
Price reduction and owner is also offering a credit of a year's worth of HOA fees ($7,308). This well-cared for gem is extremely charming. Newly painted kitchen cabinets, new decorative lighting in the kitchen, bath and family room, and new premium LVP flooring downstairs. The main floor features the primary bedroom, kitchen, and family area, and the upstairs features two large loft areas - one that can function as a second bedroom, office or flex space, and the other for storage or flex space. HOA fees cover: lawn care of unit & common areas; sprinklers, exterior painting of units (the south side of this unit was fully painted a year ago); full roof maintenance, repair and replacement, front porch deck maintenance, sewer, snow removal, trash/recycle & water. This is a very special, quiet well-kept enclave with great neighbors. There are 17 bungalows total.
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Loan amount $420,000 · $105,000 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 $1,318 ($1,175–$1,525) · HUD Fair Market Rent (FY2025), Deschutes County, 1BR. Edit to your own number.
At $525,000 with 20% down, this property runs $2,230 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 Real Broker, agent Deborah Steiner, 855-450-0442
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.