$255,000
402 Carmen
Madras, OR 97741 · Strawberry Heights
Coming Soon0 days on market$234/sqft
About this home
Description
Move right into this beautifully updated 3-bedroom, 2-bath home in the desirable Strawberry Heights community in Madras! Thoughtfully updated between 2022 and 2023, this home features a renovated kitchen with updated stainless steel appliances, new flooring, and fresh interior paint, creating a modern, move-in-ready feel. The functional floor plan offers comfortable living, while the attached 1-car garage and additional driveway parking provide everyday convenience. The washer and dryer are included, making your move even easier. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this well-maintained home offers exceptional value in a convenient location close to schools, shopping, parks, and other local amenities.
Facts
Property details
Overview
- Bedrooms
- 3
- Bathrooms
- 3.0
- Living area
- 1,092 sq ft
- Property type
- Single Family Residence
- Year built
- 2005
- Property age
- 21 years
- Style
Listing courtesy of Century 21 Northstar, agent Nayath Gonzalez
Data last updated June 26, 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.
Education
Schools
Estimate
Monthly payment
A rough estimate, not a quote. A real number comes from a lender.
Principal + interest$1,357/mo
Property taxes$138/mo
Homeowners insurance$71/mo
Total monthly (PITI)$1,566
Loan amount $204,000 · $51,000 down · 30 year term
For investors
Rental analysis
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.
Purchase & financing
$
$
20% · $51,000
%
Income
$
Estimate $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
%
Operating expenses
$
$
%
%
%
$
Cash flow
-$379/mo
Cap rate
4.6%
Cash on cash
-8.9%
Cash needed
$51,000
At $255,000 with 20% down, this property runs $379 per month negative. Adjust the price, down payment, or rent to find what works.
Monthly cash flow
Gross rent$1,602
Vacancy (5%)- $80
Operating income$1,522
Operating expenses- $543
Net operating income$979
Loan payment- $1,357
Cash flow-$379
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.
Location
Where this home sits
In Madras, near Lake Billy Chinook.
Climate
Climate risk
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 reportInvestment
Vacation rental
We 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.
Get the rental projectionStrawberry Heights · For saleFeatured
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