Lazy River South
This beautiful two story home in desirable Lazy River South offers comfort, flexibility, and Central Oregon charm. Situated on 1.3 acres, the property has space for gardens, chickens, and hobby farming -- perfect for a peaceful self-sustaining lifestyle. Upstairs features efficient mini split heating and cooling 2 bedrooms, a full bath, and a kitchen with abundant cabinet storage. Fresh interior paint, durable LVP flooring, and carpet in the bedrooms. The wraparound deck overlooks a landscaped lawn with irrigation and timers. Downstairs includes a wood stove another bathroom and 2 bonus rooms ideal for guests, hobbies, or a home office. Plenty of storage with a woodshed, greenhouse, and heated garage with room for tools and toys. Metal roof and siding offer durability and potential insurance benefits. Enjoy 2 private Little Deschutes River access points nearby plus Quail Run Golf Course in the neighborhood.
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Loan amount $423,000 · $106,000 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 $1,667 ($1,500–$1,925) · HUD Fair Market Rent (FY2025), Deschutes County, 2BR. Edit to your own number.
At $529,000 with 20% down, this property runs $1,904 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 John L Scott Bend, agent Amanda Adkins, 541-317-0123
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.