Based on recent comp data for 3-bed, 2-bath homes of similar size in Southern Crossing, Bend, this property’s rent potential ranges from $2,700 to $3,750 per month, with the most credible average near $3,400. At this rate, annual gross revenue could approach $40K. Estimated payback period (using list price $635K) falls between 17 and 19 years, assuming full occupancy and no major vacancies. The neighborhood remains highly desirable, with steady demand and limited new inventory supporting strong rent resilience despite a cooler sales market. Features like the open layout, fenced yard, attached garage, and location near the Old Mill District enhance appeal for high-earning renters. The only notable headwind is increasing rental inventory citywide, which could temper rapid rent growth.

To maximize value, consider cosmetic upgrades—think updated flooring, refreshed landscaping, and modern fixtures. Adding AC (if not present) and maintaining curb appeal will help you command top-tier rent. If selling, time your listing to coincide with peak rental demand (late spring/summer) and highlight proximity to schools, shopping, and the Deschutes River. Don’t overprice in the current market, but leverage the move-in-ready condition and strong local rental comps.