ACTIVEsingle familyvia mls

157 Spring Street

Forsyth, MO, 65653

2 bd2 ba1,702 sqftBuilt 1961

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60319860

List price

$234,900

$138/sqft

Listing description

Spacious well- built BRICK home. The home is on a flat lot within Forsyth City Limits. Possibly could be re-zoned as a commercial property. This home has had numerous upgrades such as newer windows, almost all the flooring is new, several rooms and ceilings have new interior paint. The home has upgraded Whirlpool appliances. All rooms are spacious with plenty of elbow room. Home offers a storage shed and a storage room off attached to the carport. The Seller had the home professionally cleaned and is move in ready. Did you notice how cheap the property taxes are? This home has remained in the family from the beginning and is being offered for the first time. This beautiful home will make you feel at home. Can be shown anytime.

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

-$477

Cap rate

4.0%

Cash-on-cash

-12.2%

DSCR

0.62

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$14,451

Property tax($2,349)

Insurance($940)

Utilities($0)

HOA($0)

Management($1,156)

Maintenance reserve($723)

Total operating expenses($5,167)

Net operating income$9,284

Down payment$46,980

Loan amount$187,920

Monthly payment (P&I)$1,250.24

Annual debt service($15,003)

Annual cash flow-$5,719

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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.