This 3-bed, 2-bath single-family home in SE Bend offers a strong rent potential, with comps indicating a monthly range of $2,695 to $3,400. Using the midpoint, annual gross revenue is approximately $36K, which suggests a payback period of roughly 17 years based on the $599.9K list price. The Larkspur area shows stable demand, though overall Bend rents are under slight downward pressure due to new supply. Recent upgrades (roof, windows, HVAC, insulation) and an amenity-rich backyard (gazebos, hot tub, water feature) enhance appeal and justify premium rents. The single-level layout and extra utility/craft space add flexibility for tenants. The main challenge is increased competition as more units come online, putting a cap on aggressive rent increases.

To maximize value, consider light cosmetic updates inside (flooring, paint) and market the home as a premium rental—emphasizing the backyard oasis and recent energy-efficient upgrades. If selling, highlight the low-maintenance factor and flexible layout to attract investors seeking above-average rental yields. Pricing aggressively could be wise given Bend’s new supply and softening rents. Explore short-term or executive rental strategies if vacancy becomes an issue.