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ACTIVEcondovia mls

261 Cedar Point Road, Unit Cabins 1,2,3

Forsyth, MO, 65653

3 bd3 ba1,344 sqftBuilt 1929

Listing courtesy of Mayhew Realty Group LLC · (417) 319-6955 · MLS# SOM60326544

List price

$325,000

$242/sqft

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Listing description
Cabins 1, 2 & 3Rare opportunity to own three income-producing lakefront cabins on beautiful Lake Taneycomo with spectacular year-round water views and gentle access to the shoreline. These cabins are fully renovated and ready for immediate occupancy, vacation rentals, long-term rentals, or personal use.The property features three separate cabins with updated interiors, newer windows in some units, metal roofs, and the rustic lake-cabin charm that visitors seek. Zoned commercial, the property allows vacation rentals and offers an excellent opportunity for investors seeking established rental units in a highly desirable waterfront location.Public sewer is connected, and the cabins are served by a shared well. Buyers should verify all information regarding utilities, zoning, rental regulations, and future development opportunities.A survey is currently in progress. Depending upon the final survey and regulatory approvals, there may be potential for a private dock. Buyers must complete their own due diligence regarding dock permits and shoreline rights.Enjoy premier Lake Taneycomo frontage with excellent fishing, boating, and recreation just steps from your door. Properties offering multiple rentable cabins, commercial zoning, and direct lake access are increasingly difficult to find.Important: Property cannot be divided and sold as individual cabin units. Concrete steps throughout the property do not have handrails. Exercise caution while touring. Seller and real estate broker are not responsible for accidents or injuries occurring on the property.The cabins are believed to be located within the 0.2% annual chance floodplain, while portions of the surrounding property may be subject to different flood zone classifications. Buyer to verify floodplain status, insurance requirements, measurements, zoning, utilities, dock potential, vacation rental regulations, and all matters important to buyer.
Financial analysis

Adjust the assumptions to see live results. Defaults are Branson-area estimates and will be refined with local data.

Monthly cash flow

$251

Cap rate

7.3%

Cash-on-cash

4.6%

DSCR

1.15

Est. annual revenue$49,184
Stays / year67
Property tax($500)
Insurance($1,625)
Utilities($3,000)
Electricity($120)
Water($25)
Sewer($20)
Trash($25)
Internet / cable($60)
HOA($0)
Management($9,837)
Maintenance reserve($2,459)
Cleaning($6,023)
Lodging / tourism tax($1,967)
Net operating income$23,773
Down payment$65,000
Loan amount$260,000
Monthly payment (P&I)$1,729.79
Annual debt service($20,757)
Annual cash flow$3,016
Break-even occupancy49.3%

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