Listing courtesy of Varsity Real Estate, agent Jennifer Redd
Data last updated June 10, 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.
Dual living, endless possibilities. This award-winning floorplan delivers 1,200 combined square feet across two private residences: a 1-bed primary home plus a lofted 1-bed ADU with separate entrance. Comparable units in this development rent between $2,000-2,500 each. Rent both and gross $4,300-$5,000/month, with projected cap rates above 6%. An attractive entry point for first-time investors adding doors to their portfolio, and strong fundamentals for experienced landlords seeking low-maintenance cash flow. Live in one, rent the other, or enjoy both for multi-generational living or guest flexibility. The main residence features 14' vaulted ceilings, upgraded kitchen with induction range and soft-close cabinetry, expansive south-facing windows, and an operable glass door opening to a private patio. The elevated ADU offers treetop views with full kitchen, bathroom and walk-in closet. Perfectly positioned in Midtown near Pilot Butte, parks, and local favorites like Midtown Yacht Club
This home is listed at $705,000 · 9.0% below the Bend median list. See full Bend market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $564,000 · $141,000 down · 30 year term
See the 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 $1,667 ($1,500–$1,925) · HUD Fair Market Rent (FY2025), Deschutes County, 2BR. Edit to your own number.
At $705,000 with 25% down, this property runs $2,548 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.
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.
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