ACTIVEmanufacturedvia mls

21 Myrtle Street

Cape Fair, MO, 65624

2 bd2 ba672 sqftBuilt 1975

Listing courtesy of Murney Associates - Nixa · (417) 724-2300 · MLS# SOM60319337

List price

$135,000

$201/sqft

Listing description

You have to see this one! Discover this charming, updated 2-bedroom, 2-bath home nestled on a spacious corner lot. This property is within WALKING DISTANCE TO THE LAKE and only three miles from CAPE FAIR MARINA. The home has been COMPLETELY RENOVATED, including new wiring and plumbing, making it a perfect weekend getaway or permanent residence. You can enjoy peaceful surroundings on the screened-in front and back decks or take advantage of the SUBDIVISION BOAT LAUNCH for easy water access. Key updates and features include: - NEW SYSTEMS: HVAC, 100-amp electric box and panel, gas hot water heater, and plumbing.- INTERIOR: Vinyl plank flooring, 3/4'' tongue-and-groove treated plywood subflooring, kitchen cabinets, gas stove, aluminum backsplash, and ship lap in the living room.- BATHROOMS: New toilets, shower walls, faucets, and a master bath barn door.- EXTERIOR & MORE: New tilt-in windows, blinds, light fixtures, interior/exterior paint, and a ceiling fan on the front deck.- INCLUDED: Refrigerator, washer, dryer, and small storage shed.The property features community water and a private septic system, with HOA fees covering road maintenance and water. Schedule an appointment to see this home today and experience lake life at your doorstep.

Financial analysis

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

Short-term rentals aren't permitted here, so this is underwritten as a long-term rental — monthly rent and vacancy instead of nightly rate and occupancy.

Monthly cash flow

-$447

Cap rate

2.4%

Cash-on-cash

-19.9%

DSCR

0.38

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$6,260

Property tax($1,350)

Insurance($540)

Utilities($0)

HOA($300)

Management($501)

Maintenance reserve($313)

Total operating expenses($3,004)

Net operating income$3,256

Down payment$27,000

Loan amount$108,000

Monthly payment (P&I)$718.53

Annual debt service($8,622)

Annual cash flow-$5,366

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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.