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Affordable space in the heart of Madras! This well cared for 1,815 sq ft home offers 4 bedrooms, 2 bathrooms & a desirable split-style floor plan with walk-in closets in every bedroom. Living & family room offers flexible floor plan to also use as formal dining room. Vaulted ceilings create an open feel while the thoughtful layout provides both comfort & functionality. Situated on a spacious quarter-acre corner sytle lot, the property features mature landscaping, a fully fenced yard, large deck perfect for summer evenings & front-row views of the 4th of July fireworks. Recent exterior paint & newer roof add peace of mind for buyers looking for value & pride of ownership. Enjoy year-round comfort with forced air heating & a heat pump. Outside you'll also find a detached double-car garage with workshop space, covered carport area & plenty of room for hobbies, storage & toys. A rare opportunity to find this much home, lot size & functionality at an affordable price point in Central Oregon
Listing courtesy of Signet Realty, agent Ali Stensgar-Alire
Data last updated July 16, 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 $279,000 · $70,000 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 $1,798 ($1,625–$2,075) · HUD Fair Market Rent (FY2025), Jefferson County, 4BR. Edit to your own number.
At $348,900 with 20% down, this property runs $765 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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