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58 Kings Cove Lane

Reeds Spring, MO, 65737

4 bd3 ba2,342 sqftBuilt 1958

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60328491

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List price

$575,000

11% price cut$645,000

$246/sqft

Listing description
Fall into lake life @ 58 Kings Cove Ln! Move-in ready, beautifully updated & packed w/ all the lake bells & whistles, this Table Rock Lake retreat offers lake views, a 35x25 detached garage/workshop, community pool, playground, gazebo & a short walk to the community dock, where an optional 12x30 boat slip is available for add'l $. Set on a peaceful lot surrounded by mature hardwoods, blooming perennials & a gorgeous mimosa tree, the home also boasts a spacious fenced backyard. Kick back on the front deck as the Ozarks turn golden, soaking in lake views, crisp breezes & star-filled skies.Inside, natural light fills the home, complemented by fresh neutral paint, durable LVP flooring & a warm, functional floorplan. The foyer makes a convenient drop zone before opening into the family room, anchored by an iconic stone wood-burning fireplace made for cozy fall evenings. The kitchen features white cabinetry, stainless appliances, tiled backsplash, black countertops & a serving bar, while the formal dining room is ready for holiday meals, game nights & gatherings.The main level offers a beautifully updated owner's suite w/ propane fireplace, 7x5 walk-in closet & spa-like ensuite, plus an oversized laundry room w/ convenient foyer access, a second bedroom & full bath. Upstairs, bring the whole crew to a spacious second living area, two additional bedrooms & a third updated bath. The oversized detached garage/shop delivers ample room for the boat, kayaks, fishing gear, side-by-side, golf cart & all the lake toys.By land, you're minutes from Kimberling City & Branson West shopping and approximately 30 minutes from Branson. By water, you're minutes from waterfront dining, fishing, The Swings & endless coves. Bonus! Nightly rental use offers the flexibility to enjoy your own lake retreat while creating income when you're away. Get settled in for fall @ 58 Kings Cove Ln!
Financial analysis

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

Monthly cash flow

$105

Cap rate

6.6%

Cash-on-cash

1.1%

DSCR

1.03

Est. annual revenue$80,066
Stays / year58
Property tax($5,750)
Insurance($2,875)
Utilities($2,160)
Electricity($120)
Waterin HOA dues
Sewerin HOA dues
Trashin HOA dues
Internet / cable($60)
HOA($2,820)
Management($16,013)
Maintenance reserve($4,003)
Cleaning($5,256)
Lodging / tourism tax($3,203)
Total operating expenses($42,080)
Net operating income$37,986
Down payment$115,000
Loan amount$460,000
Monthly payment (P&I)$3,060.39
Annual debt service($36,725)
Annual cash flow$1,261
Break-even occupancy46.8%

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