ACTIVEcondovia mls

130 Starboard Drive, Unit 1

Kimberling City, MO, 65686

2 bd2 ba1,144 sqftBuilt 1976

Listing courtesy of Alexander Realty, Inc. · (636) 947-1110 · MLS# SOM60324225

List price

$150,000

3% price cut$154,900

$131/sqft

Listing description

Carefree, Easy Living at Schooner Bay Landing, a Gorgeous Table Rock Lake Front Community. Inviting, Spacious Covered Front Patio is Sure to Be a Favorite Spot to Relax with Morning Coffee and Your Favorite Book to Visiting with All Your Friends & Family. The Sparkling Pool is Just Steps from this Unit, Where You'll Enjoy those Summer Days with the Utmost of Convenience. Walk In, NO STEPS, All One Level Beautiful 2 Bedroom 2 Bath Condo. Stone hearth wood burning fireplace ready for cozy winter nights. All New Flooring thru out the Living Room, Dining Area and Kitchen. Big Island with Seating and Storage for In Kitchen Gathering. Corian Counters & Beautiful Hardwood Oak Cabinets. Whirlpool Steel Grey W/D included! Updated Master Bath with 5 Panel Frosted Glass Barn Door with high counter top ,white cabinets and walk-in shower. 2nd Bedroom has walk-in closet and storage. Take a short walk down to the Lake and sit on the Bench and enjoy watching the water because you don't have to mow the lawn here. Our amenities include water, sewer, trash, cable and ground maintenance. Don't forget the 2 Pools and Community Center. You have a 1 car carport that comes with the Unit. For full time residence or vacation home, no nightly rentals. Schooner Bay is the Essence of Community Where You Can Be as Involved or Private as You Like. Activities & Friendships Abound.

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

-$216

Cap rate

4.7%

Cash-on-cash

-8.7%

DSCR

0.73

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$16,152

Property tax($1,500)

Insurance($600)

Utilities($0)

HOA($4,968)

Management($1,292)

Maintenance reserve($808)

Total operating expenses($9,168)

Net operating income$6,984

Down payment$30,000

Loan amount$120,000

Monthly payment (P&I)$798.36

Annual debt service($9,580)

Annual cash flow-$2,597

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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.