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ACTIVEsingle familyvia mls

116 Mcclintic Avenue

Forsyth, MO, 65653

2 bd3 ba1,532 sqftBuilt 1965

Listing courtesy of Jenni Cully & Associates, LLC · (417) 276-0235 · MLS# SOM60323299

List price

$189,000

$123/sqft

Listing description
Step back into timeless midcentury character with this unique all-brick home tucked away on a quiet dead-end road near beautiful Lake Taneycomo. Built in 1965, this property showcases distinctive architectural features and quality elements that were well ahead of their time. The striking wood-burning fireplace serves as a true midcentury focal point, highlighted by surrounding stonework and marble flooring. Large picture windows fill the dining and living areas with natural light while offering peaceful outdoor views. With some aggressive tree and brush trimming, the property appears it may potentially offer a view of Lake Taneycomo, though this is not guaranteed. Have a boat - this property is less than two miles from a boat ramp. Love Branson? This property is about 20 minutes from the fun! The kitchen appears to feature maple-covered cabinetry, an impressive upgrade for that era, along with two dining spaces perfect for entertaining. Brand new LVP flooring has recently been installed throughout the living room and both upstairs bedrooms. The main living area offers two spacious bedroom suites, each complete with its own full ensuite bathroom. Downstairs, you will find a garage with workshop space, an unconventional half bath, and a partially finished third bedroom, hobby room, or man cave opportunity. Step outside on the upper-level deck and enjoy the peaceful surroundings. This property is full of personality, potential, and classic midcentury charm waiting for its next chapter. This property is being sold ''As-Is/Where Is''. Buyers and Buyer's Agents to do all due diligence regarding this property, including but not limited to, square footage, condition, potential lake view, etc.
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

-$78

Cap rate (all-in)

4.6%

Cash-on-cash

-1.0%

DSCR

0.92

Est. annual revenue$14,451
Property tax($683)
Insurance($756)
Utilities($0)
HOA($0)
Management($1,156)
Maintenance reserve($723)
Total operating expenses($3,318)
Net operating income$11,133
Down payment$37,800
Renovation budget$53,620
Total cash invested$91,420
All-in cost$242,620
Loan amount$151,200
Monthly payment (P&I)$1,005.94
Annual debt service($12,071)
Annual cash flow-$938

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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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.

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