Welcome to 118 S Caves Ave — a fully remodeled gem with endless potential! Nestled on a generous 0.25-acre lot, this charming 2-bedroom, 1-bath home offers 1,050 sq ft of updated living space. Inside, enjoy the fresh modern feel with brand new windows flooding the home with natural light, plus a new mini-split system for year-round comfort. The property's prime location offers incredible versatility — whether you're looking for a cozy personal residence, a work-from-home setup, or exploring the potential for commercial or mixed-use (buyer to verify). The spacious lot provides plenty of room for expansion, parking, or outdoor entertaining. With its clean, move-in ready condition and flexible use options, 118 S Caves Ave is perfect for first-time buyers, downsizers, or investors seeking opportunity in a growing area. Don't miss your chance to secure this unique property with so many possibilities!
Listing courtesy of RE/MAX Integrity Grants Pass, agent Kaila Reinhart
Data last updated July 14, 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 $200,000 · $50,000 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 $1,250 ($1,075–$1,450) · starting estimate. Edit to your own number.
At $250,000 with 20% down, this property runs $553 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.
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