Great opportunity to build equity in a stunning setting along year round Graves Creek. This private 3-bedroom, 2-bath home offers 1,738 square feet of potential with vaulted ceilings, exposed beams, and a beautiful stone fireplace that serves as the centerpiece of the living space. The level property features valuable water rights from the creek, a strong well, an attached 2-car garage, and a separate shop with plenty of room for projects or storage. The property also connects to BLM land, providing direct access for hiking, riding, hunting, and exploring. While the home needs repairs, the natural beauty, privacy, and existing amenities create an exceptional opportunity to make this property your own. **Appointment Only...please do not drive up to house without appointment, this home is occupied
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Listing courtesy of Pine-Rok Realty, agent Ann James, 541-846-7131
Data last updated July 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $280,000 · $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 $1,750 ($1,500–$2,000) · starting estimate. Edit to your own number.
At $350,000 with 20% down, this property runs $826 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.
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