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Positioned on a private, cross-fenced lot just shy of an acre near La Pine State Park and Central Oregon recreation, this single-level cottage-style property offers rare flexibility, income potential, and room to spread out. The main home features two bedrooms, comfortable single-level living, and a warm residential setting with space to work, play, garden, and gather. A remodeled detached studio guest house is currently rented for $1,100 per month, creating valuable cash flow or added flexibility for guests, extended stays, or a separate workspace. The detached three-car garage/shop provides excellent parking, storage, and workshop space, while two RV hookups, a greenhouse, and usable outdoor areas enhance the property's versatility. Recent improvements include a full new well, new well pump, and new well motor, adding peace of mind for the next owner. A unique opportunity offering privacy, function, and access to nearby trails, rivers, parks, and year-round outdoor adventure.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $372,000 · $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 $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $465,000 with 20% down, this property runs $946 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 Cascade Hasson SIR, agent Jaclyn Oakland, 541-383-7600
Data last updated August 5, 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.
