ACTIVEcondovia mls

150 Sunken Forest Dr. 3-134

Forsyth, MO, 65653

2 bd2 ba1,140 sqftBuilt 1990

Listing courtesy of Murney Associates - Nixa · (417) 724-2300 · MLS# SOM60316502

List price

$187,000

$164/sqft

Listing description

Don't miss out on this LAKEVIEW 2BR/2BA WALK-IN GARDEN LEVEL condo with nearby RESERVED PARKING space PLUS PRIVATE GARAGE. Located on Lake Taneycomo in the heart of Forsyth, this welcoming lodge inspired unit is as unique and special as it gets! Beneath its cozy fishing cabin decor, you'll find updates to kitchen and bathrooms, lighting fixtures, Upgraded, energy-efficient HVAC, water heater, solid wood cabinetry and trim detail throughout. Enjoy views of rolling wooded hillsides, swimming pool, shimmering lake, breathtaking sunsets and landscaped grounds from your private covered deck, or grill and socialize with neighbors on your shaded garden patio. Condo includes convenient storage closets on the deck and patio area, nearby RESERVED PARKING space just steps from your front door, plus an ENCLOSED PRIVATE GARAGE with attic storage and mini workshop, located just around the corner! As a worry-free full or seasonal residence, this unit is conveniently close to pool #2 and located just above community room and fitness area! Come unwind in this peaceful wooded and landscaped setting with private boat launch, fishing docks, lakeside firepit, 3 swimming pools, and dedicated inside recreation space. Taneycomo Terrace of Forsyth is a peaceful, close-knit residential community with no nightly or long-term rentals allowed. It is conveniently close to local shops and restaurants, and still just a short drive to all Branson has to offer. If you're looking for an affordable full or part-time lake retreat without work and worry, this well-loved and maintained condo may be exactly what you're looking at a price that's tough to beat!

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

-$358

Cap rate

4.1%

Cash-on-cash

-11.5%

DSCR

0.64

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$14,451

Property tax($861)

Insurance($748)

Utilities($0)

HOA($3,312)

Management($1,156)

Maintenance reserve($723)

Total operating expenses($6,800)

Net operating income$7,651

Down payment$37,400

Loan amount$149,600

Monthly payment (P&I)$995.29

Annual debt service($11,944)

Annual cash flow-$4,292

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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.