ACTIVEsingle familyvia mls

231 Lake Street

Rockaway Beach, MO, 65740

2 bd1 ba912 sqftBuilt 1942

Listing courtesy of Murney Associates - Primrose · (417) 823-2300 · MLS# SOM60333771

List price

$77,500

$85/sqft

Listing description

INVESTOR SPECIAL -- BRING YOUR VISION! Here is an opportunity for the investor, renovator or value-minded buyer looking for their next project in Rockaway Beach.This property is being offered strictly AS-IS, allowing the next owner to determine the improvements and direction that make sense for their investment strategy. Whether you're looking to renovate and resell, add another property to your portfolio, or create a long-term hold, this is an opportunity worth taking a closer look at.SELLER IS READY TO TALK BOTTOM LINE! No repair requests, no seller concessions and no promises to improve the property before closing. Buyers are encouraged to complete their due diligence, evaluate the property in its present condition and submit an offer that reflects their numbers.Located in Rockaway Beach with Lake Taneycomo and the Branson area nearby, the location adds another dimension to the property's potential.SOLD AS-IS. NO REPAIRS. NO CONCESSIONS. BRING YOUR OFFER.

Financial analysis

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

Monthly cash flow

$797

Cap rate (all-in)

11.0%

Cash-on-cash

13.7%

DSCR

2.93

Purchase price

Down payment %

Interest rate %

Renovation budget (est.)

Nightly rate (ADR)

Occupancy %

Mgmt fee %

Lodging tax %

Est. annual revenue$33,113

Stays / year58

Property tax($349)

Insurance($388)

Utilities($3,000)

Electricity($120)

Water($25)

Sewer($20)

Trash($25)

Internet / cable($60)

HOA($0)

Management($6,623)

Maintenance reserve($1,656)

Cleaning($5,256)

Lodging / tourism tax($1,325)

Total operating expenses($18,595)

Net operating income$14,518

Down payment$15,500

Renovation budget$54,477

Total cash invested$69,977

All-in cost$131,977

Loan amount$62,000

Monthly payment (P&I)$412.49

Annual debt service($4,950)

Annual cash flow$9,568

Break-even occupancy22.8%

This listing reads as a fixer, so we seeded a rough renovation budget to keep the cap rate honest — the low list price isn't a bargain if it needs work. It's only an estimate; replace it with a contractor bid to see your real return.

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AI investment score

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Talk to a Branson STR expert

Sydney Shepherd can confirm subdivision rules, HOA restrictions, and realistic revenue for this property.

Projections and scores are estimates for informational purposes only — not financial, investment, tax, or legal advice. Branson-area defaults are starting points; confirm local rules, rates, and revenue before making any decision.

The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than Keller Williams Tri-Lakes are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. © 2019 Southern Missouri Regional MLS, LLC. All rights reserved.