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ACTIVEcondovia mls

197 Port Drive, Unit 3

Kimberling City, MO, 65686

2 bd2 ba1,300 sqftBuilt 1992

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60319648

List price

$299,000

$230/sqft

Listing description
Nestled in a desirable community, this walk-in condo checks every box for those seeking low-maintenance living with a stunning view of Table Rock Lake. Thoughtfully updated and ready for you to enjoy, this home welcomes you with a beautiful kitchen featuring a pantry and island, providing extra storage and functionality. The comfortable living area feels open and bright, centered around a cozy fireplace that adds just the right touch of warmth and charm. The 2-bedroom, 2-bath layout offers spacious rooms and generous closet space, with both bathrooms equipped with walk-in showers for added convenience. Out back is where this property truly shines--a huge covered deck perfect for morning coffee or winding down in the evenings while taking in the peaceful lake view. It's private, relaxing, and exactly what you want at the lake. An oversized detached garage adds even more space--ideal for your vehicle, extra storage and even a small workshop and plenty of room for all your lake toys. At Schooner Bay Landing, there's a refreshing sense of community where dues cover water, sewer, trash, lawn care, building insurance, and exterior maintenance. PLUS you get to enjoy the clubhouse and two pools. Located just a short walk to Table Rock Lake and minutes to Kimberling City, you'll have easy access to marinas, restaurants, groceries, boutiques and more. Everyday conveniences like Walmart, pharmacies and medical facilities are just minutes away and just a quick drive to all that Branson offers and Silver Dollar City. Ready to enjoy a lifestyle of comfort, convenience, and lake living? Now is the time to make your move!
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

-$1,053

Cap rate

2.2%

Cash-on-cash

-21.1%

DSCR

0.34

Est. annual revenue$16,152
Property tax($969)
Insurance($1,196)
Utilities($0)
HOA($5,424)
Management($1,292)
Maintenance reserve($808)
Total operating expenses($9,688)
Net operating income$6,463
Down payment$59,800
Loan amount$239,200
Monthly payment (P&I)$1,591.40
Annual debt service($19,097)
Annual cash flow-$12,634

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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.

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