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ACTIVEsingle familyvia mls

388 Santana Circle

Reeds Spring, MO, 65737

3 bd3 ba2,962 sqftBuilt 1970

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60331565

List price

$997,000

5% price cut$1,050,000

$337/sqft

Listing description
Welcome to the kind of lake home people spend years hoping to find.Perfectly positioned on one of Cedaridge's premier lots on the desirable Aunts Creek stretch of Table Rock Lake, this beautifully renovated lakefront home offers a phenomenal lake view and the rare combination of a true stroll-to-the-water lifestyle with exceptional craftsmanship. Step out your back door and enjoy an easy walk to the neighborhood's only private gravel beach for swimming, kayaking, fishing, or simply relaxing by the water. The community dock is also within walking distance, making lake days wonderfully effortless. Completely remodeled in 2008, from the front door you enter a spacious living room with striking floor-to-ceiling fireplace, distinctive oversized octagonal windows in the dining room, and a wall of double-pane Pella windows bringing in the ample sunlight and view. Rich hardwood floors lead to a gorgeous chef's kitchen with marble countertops designed for gathering with family and friends and the best laundry view anywhere. The master suite with private deck is right down the hallway past an office space and a comfortable guest bedroom. The lower level offers a media room with surround sound, projector system, and video zones as well as a full kitchenette and bar, room for in-home gym or hobbies, large laundry room plus a private guest room with bath and sunroom overlooking the lake. A brand-new 50'x15' back deck lit to the nines creates the perfect place to entertain or unwind.The oversized garage is topped by a 559-square-foot loft ready to become guest quarters, a bunk room, studio or game room. An expanded concrete and asphalt driveway provides generous extra parking while the existing vegetation permit helps preserve both your lake view and your easy access to the shoreline--an increasingly valuable advantage on TRL. You'll enjoy quieter waters, excellent fishing, and convenient access to Branson West, Kimberling City, and Branson.
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

-$4,981

Cap rate

0.4%

Cash-on-cash

-30.0%

DSCR

0.06

Est. annual revenue$21,086
Property tax($9,970)
Insurance($3,988)
Utilities($0)
HOA($482)
Management($1,687)
Maintenance reserve($1,054)
Total operating expenses($17,181)
Net operating income$3,905
Down payment$199,400
Loan amount$797,600
Monthly payment (P&I)$5,306.45
Annual debt service($63,677)
Annual cash flow-$59,772

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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.

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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