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Live the dream in Central Oregon! Beautiful turn-key horse property on a gated, fully fenced and cross-fenced 5 acres. Four 12x12 stalls with direct run access, heated tack room in shop, wash rack area, hay storage, and arena make this an equestrian dream. Pride of ownership shines throughout - wood-trimmed windows, Pergo Max wood flooring, stone accent walls, stainless appliances, propane fireplace, and heat pump/mini splits for year-round comfort. Entertain in style with a built-in BBQ, covered patio, and a new hot tub. Raised beds and mature fruit trees (apple and cherry plum) with lawn on automatic sprinklers and timed irrigation system to make gardening effortless. A 400 sq.ft detached guest quarters with bedroom, kitchenette, and full bathroom adds flexibility. Includes covered RV parking/storage and a second 3 bay garage/shop with office and wired for generator back-up. Enjoy Crooked River Ranch community Pool, Horse arena, miles of BLM trails, and an award-winning golf course.
A rough estimate, not a quote. Your lender gives you the real number.
Loan amount $560,000 · $140,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers 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 $699,900 with 20% down, this property runs $2,363 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 Realty Net of Central Oregon, agent Greg Messick, 503-300-6330
Data last updated August 8, 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.
