$452,000
2918 Teresa
Madras, OR 97741 · Marni Ridge
Closed Oct 2025119 days on market$283/sqft
About this home
Here's your chance to own your dream home on an acre!
Beautiful home with country charm! 3 bed, 2 bath home in an excellent location with professional landscaping in front and back with a stunning water feature, automated irrigation system, xeriscaping, rock outcroppings, and rainwater swales. The backyard has a covered back deck overlooking a serene desertscape, with benches and a propane firepit. Perfect for your summer evening barbeques! Recent home updates include: both bathrooms remodeled, kitchen, pantry, newer roof, hot water heater and heat pump. Interior paint in 2023 and exterior paint in 2017. There is plenty of parking with room to spare. Property has an asphalted driveway with access that wraps around the home. There is extra space for RV, trailer, and other toy storage. RV parking with electrical hookups! Chicken coop, dog kennel, firepit, multiple storage areas, hot tub, and all appliances included!
Listing courtesy of Keller Williams Realty Central Oregon, agent Jason Luecker
Data last updated June 27, 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 $367,000 · $92,000 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 $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $459,000 with 20% down, this property runs $1,486 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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