ACTIVEsingle familyvia mls

119 Kings Cove Lane

Reeds Spring, MO, 65737

2 bd1 ba488 sqftBuilt 1963

Listing courtesy of Keller Williams Local · (417) 883-4900 · MLS# SOM60332717

List price

$187,900

$385/sqft

Listing description

Your slice of heaven on Aunts Creek, Table Rock Lake. Live the lake life, and rent it out when you're not there.A remodeled 2-bedroom, 1-bath sitting directly on the water at Kings Cove Resort Condominiums. All 488 square feet are put to work -- laminate flooring throughout, walk-in shower, full-size washer and dryer, and a full kitchen. Mini-splits keep it comfortable year-round, and the metal roof is one less thing to think about.Step out to the deck for cove views and Ozarks sunsets. The COA covers water, sewer, lawn care, and the community pool: ownership without the upkeep.Turn-key in the real sense -- furniture, kitchen, all of it stays. Nightly rentals are permitted, so it's ready to earn whenever you are, or keep it all to yourself.Available separately: a 10x24 slip with a 6,000 lb lift installed in 2022 and dock box included, $60,000.

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

-$713

Cap rate

1.8%

Cash-on-cash

-22.8%

DSCR

0.29

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$9,693

Property tax($1,422)

Insurance($752)

Utilities($0)

HOA($2,820)

Management($775)

Maintenance reserve($485)

Total operating expenses($6,254)

Net operating income$3,440

Down payment$37,580

Loan amount$150,320

Monthly payment (P&I)$1,000.08

Annual debt service($12,001)

Annual cash flow-$8,561

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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.