ACTIVEsingle familyvia mls

718 Baker Street

Forsyth, MO, 65653

4 bd3 ba2,775 sqftBuilt 1975

Listing courtesy of Keller Williams Local · (417) 883-4900 · MLS# SOM60331518

Call417-230-8696 Text

List price

$215,900

10% price cut$239,900

$78/sqft

Listing description

NEW soffit, fascia, gutters, and downspouts being installed next week! Roof inspection in the 'Documents.' HVAC 2013. Opportunity, space, and character come together in this thoughtfully built Forsyth home! Offering approximately 2,800 square feet with 4 bedrooms and 3 full baths, this home features a fantastic open-concept layout, exposed beams, natural stone accents, and plenty of charm just waiting to be brought back to life. Located near both Lake Taneycomo and Bull Shoals Lake, it's an ideal opportunity for anyone wanting to enjoy everything the Ozarks has to offer.The full basement adds incredible versatility with its own kitchen and full bathroom--perfect for multigenerational living, mother-in-law quarters, extended guests, or potential rental income. The homeowners have already started the updating process by removing the basement flooring, leaving a clean slate ready for your vision.This home is ready for a full cosmetic refresh, but the potential is undeniable. Built solid as a rock with a great floor plan, generous square footage, and features you simply can't recreate at this price point. Being sold AS-IS.

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

$386

Cap rate (all-in)

5.9%

Cash-on-cash

3.3%

DSCR

1.34

Purchase price

Down payment %

Interest rate %

Renovation budget (est.)

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$23,272

Property tax($967)

Insurance($864)

Utilities($0)

HOA($0)

Management($1,862)

Maintenance reserve($1,164)

Total operating expenses($4,856)

Net operating income$18,416

Down payment$43,180

Renovation budget$97,125

Total cash invested$140,305

All-in cost$313,025

Loan amount$172,720

Monthly payment (P&I)$1,149.11

Annual debt service($13,789)

Annual cash flow$4,627

This listing reads as a fixer, so we seeded a rough renovation budget to keep the cap rate honest — the low list price isn't a bargain if it needs work. It's only an estimate; replace it with a contractor bid to see your real return.

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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.