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Located in Terrebonne, minutes from Redmond, this well-maintained single-family home sits on 1.5+ acres, offering peaceful country living with modern comfort. Features include new LVP flooring, a heat pump installed in 2018 for efficient year-round heating and cooling, and a back patio perfect for relaxing and enjoying mountain views. The property also features an impressive 2,200+ sq ft three-bay shop with office space, ideal for hobbies, work, storage, or livestock such as horses or cattle. Outdoor enthusiasts will appreciate the close proximity to Smith Rock State Park, known for its stunning canyon views, hiking, and rock climbing. An unfinished attached 1 bedroom ADU from a garage conversion offers potential, ideal for guests, extended family, or possible rental income. This property offers space, flexibility, and excellent potential in a desirable Central Oregon rural setting
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $632,000 · $158,000 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 $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $789,900 with 20% down, this property runs $2,875 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 Mariposa Real Estate Corp., agent Bonnie Perez, 541-527-1968
Data last updated July 31, 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.
