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Welcome to 106 SE Cody Lane in Madras, where stunning Cascade Mountain views meet thoughtful updates and versatile space. Inside, vaulted ceilings and bamboo flooring create an open feel, complemented by updated bathrooms, new windows, fresh exterior paint, and a new roof in 2023. The kitchen features a breakfast bar, new cabinetry, countertops, and an under-counter sink. The spacious primary suite includes a walk-in closet and a bathroom with a relaxing jetted tub. A heat pump with air conditioning provides year-round comfort. Outside, a paved circular driveway adds convenience and curb appeal, while the backyard patio--finished with stamped concrete, pavers, and exposed aggregate--offers a great space to relax and enjoy the views. The 48×24 shop includes two overhead doors, a bathroom, electric heat, a recreation room above, and two RV hookups nearby.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $559,000 · $140,000 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 $699,000 with 20% down, this property runs $3,044 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 Keller Williams Realty Central Oregon, agent Corey Graves, 541-585-3760
Data last updated August 1, 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.
