ACTIVEcondovia mls

5 Koa Drive, Unit 21

Reeds Spring, MO, 65737

3 bd3 ba1,590 sqftBuilt 2024

Listing courtesy of Real Broker, LLC · (573) 520-3099 · MLS# SOM60331398

List price

$465,000

5% price cut$490,000

$292/sqft

Listing description

Income producing. Fully furnished. Turnkey. This luxury lake condo in the Driftwood Shores community on Table Rock Lake is a must-see! This incredible home offers 3 bedrooms, 2.5 baths, and 7 beds -- comfortably sleeping up to 10 people! Move-in ready with a fully-stocked kitchen and thoughtful furnishings throughout. Community amenities include a shared saltwater pool, putting green, fire pit, and a private swim and fishing dock, all just steps from the water. This unit comes with an established short-term rental track record -- a 4.8-star guest-favorite listing -- making it a proven income opportunity or the ultimate lake getaway. Minutes from Kimberling City, Branson West, and Silver Dollar City for dining, shopping, and entertainment. A rare chance to own in a private lakeside community approved for short term rentals. A private slip is also available for purchase, so don't miss your opportunity to see this one!

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

-$1,741

Cap rate

1.9%

Cash-on-cash

-22.5%

DSCR

0.30

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$21,086

Property tax($4,540)

Insurance($1,860)

Utilities($0)

HOA($3,136)

Management($1,687)

Maintenance reserve($1,054)

Total operating expenses($12,277)

Net operating income$8,809

Down payment$93,000

Loan amount$372,000

Monthly payment (P&I)$2,474.93

Annual debt service($29,699)

Annual cash flow-$20,890

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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.