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ACTIVEmanufacturedvia mls

381 Mill Hollow Road

Forsyth, MO, 65653

3 bd2 ba1,216 sqftBuilt 1989

Listing courtesy of Keller Williams Local · (417) 883-4900 · MLS# SOM60332497

List price

$74,900

$62/sqft

Listing description
Affordable country living with room for animals and easy access to the Ozarks! This 3-bedroom, 2-bath mobile home sits on 0.56 acre and has undergone substantial updates in recent years. In 2023, The kitchen, guest bathroom and primary closet were completely removed down to the subfloor and rebuilt, with new cabinetry, countertops, dishwasher, stove, sinks, shower, toilet and other finishes. New subflooring and laminate flooring were installed throughout most of the home, with the exception of the primary bedroom and primary bathroom. The primary bathroom still needs additional work to fully function as intended, offering the next owner an opportunity to complete the space to their preference. Major mechanical improvements completed in 2023 include replacing the furnace with a fully electric heat-pump system, new central air unit and new electric water heater. Most flooring throughout the home was also replaced in 2023. Outside, you'll find a fenced area ideal for chickens, goats, pets or a small hobby farm setup, along with a small detached garage for additional storage or workspace. Enjoy a peaceful setting while remaining close to two different lakes and less than 30 minutes from Branson, Missouri for shopping, dining and entertainment. Built in 1989, this property offers an affordable opportunity with many of the expensive updates already completed, a little land to enjoy and plenty of potential to make it your own. Cash or conventional financing only. RV located on the property is being sold separately and is not included in the sale.
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

$288

Cap rate

11.0%

Cash-on-cash

23.1%

DSCR

1.72

Est. annual revenue$10,676
Property tax($749)
Insurance($300)
Utilities($0)
HOA($0)
Management($854)
Maintenance reserve($534)
Total operating expenses($2,436)
Net operating income$8,239
Down payment$14,980
Loan amount$59,920
Monthly payment (P&I)$398.65
Annual debt service($4,784)
Annual cash flow$3,455

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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.

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