ACTIVEsingle familyvia mls

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

List price

$645,000

$275/sqft

Listing description

Lake views, income potential & nightly rental zoning! Welcome to 58 Kings Cove Ln, where modern comfort meets Table Rock Lake. The perfect personal retreat or income-producing investment. Vacation whenever you choose & let rental income offset ownership. This rare package includes the home & detached shop/garage plus a spacious fenced backyard perfect for kiddos & fur babies. Enjoy Table Rock Lake views from the front deck w/ cool lake breezes & star-filled Ozark skies. Steps away are the community pool, children's playground & gazebo w/ billiards table, offering fun for every age after a day on the lake. Boaters will love the optional 12x30 boat slip available for add'l $ on a newer gated 6-stall dock w/ swim platform. Per Corps, slips are for private owner use only, not rental guests. Inside, natural light fills the home w/ fresh neutral paint, durable LVP flooring & a functional layout. The foyer is the perfect drop zone before stepping into the family room w/ iconic stone wood-burning fireplace. The kitchen offers white cabinetry, stainless appliances, tiled backsplash, black countertops & serving bar, while the formal dining room is ready for holiday meals, game nights & family gatherings. The main level features a beautifully updated owner's suite w/ propane fireplace, 7x5 walk-in closet, spa like retreat in ensuite & oversized laundry that also connects to foyer for guest use. Also on main level is a second guest bedroom & full bath. Take the whole tribe upstairs to second living area, 2 more bedrooms & a third updated bath. The detached shop offerss ample storage for your boat, kayaks, fishing gear, side-by-side, golf cart & more. Nestled among mature hardwoods, blooming perennials & a gorgeous mimosa tree, this peaceful setting feels worlds away while remaining min to Kimberling City, Walmart in Branson West & approx 30 min to Branson. By water you're min to waterfront dining, fishing, The Swings & endless coves. Lake Life starts here at 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

-$355

Cap rate

5.7%

Cash-on-cash

-3.3%

DSCR

0.90

Purchase price

Down payment %

Interest rate %

Renovation budget

Nightly rate (ADR)

Occupancy %

Mgmt fee %

Lodging tax %

Est. annual revenue$80,066

Stays / year58

Property tax($6,450)

Insurance($3,225)

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($43,130)

Net operating income$36,936

Down payment$129,000

Loan amount$516,000

Monthly payment (P&I)$3,432.96

Annual debt service($41,196)

Annual cash flow-$4,259

Break-even occupancy52.0%

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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.