$32,000
23 Depot
Madras, OR 97741 · N/A
Down $6,000 from original list price $38,000.
Active72 days on market$42/sqft
Facts
Property details
Overview
Listing courtesy of eXp Realty, LLC, agent Stephanie Stovall
Data last updated June 22, 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.
Welcome to 23 NW Depot Rd #5 Madras! Fully remodeled 2 bed, 1 bath home with a bonus room and extensive upgrades throughout. A licensed plumber completed a full pipe replacement, new shower, new water heater, updated kitchen plumbing, and new washer lines. The bathroom features a new toilet, vanity, and fan. The home also includes all new windows, new exterior doors, and a full roof replacement with added insulation. Sub-flooring throughout the home was replaced approximately 5-6 years ago. Additional improvements include repairs to the tongue-and-groove structure, insulation of pipes and under the home, and installation of a certified ductless heating and cooling system with previous duct removal. Fresh interior paint, new trim, new vinyl flooring, painted deck stairs, and a stylish barn-style bathroom door complete the updates. This home is insurable!! . Space rent is $605/month and includes landscape maintenance, water, garbage, and sewer.
This home is listed at $32,000 — 92.0% below the Madras median. See full Madras market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $26,000 · $6,000 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 $1,143 ($1,025–$1,325) · HUD Fair Market Rent (FY2025), Jefferson County, 2BR. Edit to your own number.
At $32,000 with 25% down, this property cash-flows $576 per month, a 27.9% cap rate and 86.3% cash-on-cash return.
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.
ListPrice: 37500.00 → 32000.00
ListPrice: 38000.00 → 37500.00
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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