ACTIVEsingle familyvia mls

175 Ivey Street

Shell Knob, MO, 65747

2 bd1 ba1,235 sqftBuilt 1987

Listing courtesy of Mayhew Realty Group LLC · (417) 319-6955 · MLS# SOM60291550

List price

$80,000

$65/sqft

Listing description

Attention Handyman Special! Bring Your Tools and Your Vision! This is the perfect opportunity for all you do-it-yourselfers and savvy investors! Priced right and packed with potential, this mostly gutted home is a blank canvas just waiting for your creative touch. Whether you're dreaming of a custom weekend getaway or a full-time residence, the groundwork is set--just bring your ideas and finish it your way. The home features a durable metal roof, a covered front deck ideal for relaxing outdoors, and comes with a bonus: all building materials currently on-site will stay with the property! A spacious 24x30 detached garage/workshop offers plenty of room for tools, vehicles, or your next big project, while an 8x13 storage building provides additional space for all your extras. Nestled on a private street with very little traffic, the property offers peace and quiet while still being conveniently located near the boat launch at Heatherwood--perfect for lake lovers and outdoor enthusiasts.The seller is in the process of clearing out the garage, so please excuse the current condition--it's a work in progress with tons of promise. Utilities include a septic system and public water, and you'll appreciate the incredibly low property taxes--only $367 per year! Don't miss out on this rare chance to create your dream space from the ground up. Opportunities like this don't come around often, so bring your vision and make it your own!

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

$552

Cap rate (all-in)

9.5%

Cash-on-cash

11.2%

DSCR

2.30

Purchase price

Down payment %

Interest rate %

Renovation budget (est.)

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$14,451

Property tax($367)

Insurance($320)

Utilities($0)

HOA($150)

Management($1,156)

Maintenance reserve($723)

Total operating expenses($2,716)

Net operating income$11,735

Down payment$16,000

Renovation budget$43,225

Total cash invested$59,225

All-in cost$123,225

Loan amount$64,000

Monthly payment (P&I)$425.79

Annual debt service($5,110)

Annual cash flow$6,626

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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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.