$225,000
8989 Forster
Terrebonne, OR 97760 · N/A
Down $75,000 from original list price $300,000.
Active0 days on market$161/sqft
Facts
Listing courtesy of Keller Williams Realty Central Oregon, agent Holly Cole
Data last updated June 24, 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.
Calling all investors and DIY enthusiasts -- this is your chance to make your mark in one of Central Oregon's most sought-after communities. This 3-bed, 2-bath manufactured home with addition sits on a spacious lot featuring a detached garage with shop area, RV parking, and room for all your toys. 2nd taxlot is included, see additional parcel info. Sold as-is with no appliances or repairs -- priced for the opportunity. And the views? Stunning Cascade Mountain and valley vistas from your back deck overlooking the valley. Plus, Terrebonne sewer is on its way -- adding instant future value. Location doesn't get better than this: just minutes from world-famous Smith Rock State Park, the Crooked River, local wineries, and the outdoor lifestyle Central Oregon is known for. Redmond is a quick 6 miles south, Bend just 24 miles away. Whether you're hiking, climbing, fishing, or simply soaking in high desert sunsets, this area truly has it all. Sweat equity + unbeatable location = serious upside
This home is listed at $225,000 — 67.9% below the Terrebonne median. See full Terrebonne market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $180,000 · $45,000 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 $224,900 with 25% down, this property cash-flows $305 per month, a 7.9% cap rate and 6.5% cash-on-cash return.
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.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.
