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ACTIVEcondovia mls

20 Teak Drive, Unit 15

Reeds Spring, MO, 65737

3 bd2 ba1,137 sqftBuilt 2024

Listing courtesy of Murney Associates - Primrose · (417) 823-2300 · MLS# SOM60315465

List price

$370,000

$325/sqft

Listing description
This home is just a short easy walk to the community's amenities, has a great lake view and is still just a gentle sloping walk to Table Rock Lake! The modern selections of this unit include granite countertops, luxury vinyl plank flooring, custom built cabinets, modern black lighting/plumbing fixtures, vaulted ceilings, open floor plan and large windows to not miss out on the picturesque views of Table Rock Lake. The exterior gives off some edgy vibes with their sharp, clean lines and bold colors. The community features a swimming pool, pavilion, space for yard games, a children's play area, a rock climbing wall, outdoor fireplace, and 2 boat docks with slips available for purchase! The best part of all is that your grounds maintenance is completely taken care of, all you have to do is come and enjoy the lake and all the Branson, Missouri area has to offer. These units are zoned for nightly rental so they are perfect for investment or just to help pay for that lake home you've always wanted!
Financial analysis

Adjust the assumptions to see live results. Defaults are Branson-area estimates and will be refined with local data.

Monthly cash flow

-$922

Cap rate

3.4%

Cash-on-cash

-14.9%

DSCR

0.53

Est. annual revenue$39,595
Stays / year58
Property tax($3,700)
Insurance($1,850)
Utilities($2,160)
Electricity($120)
Waterin HOA dues
Sewerin HOA dues
Trashin HOA dues
Internet / cable($60)
HOA($2,574)
Management($7,919)
Maintenance reserve($1,980)
Cleaning($5,256)
Lodging / tourism tax($1,584)
Total operating expenses($27,022)
Net operating income$12,573
Down payment$74,000
Loan amount$296,000
Monthly payment (P&I)$1,969.30
Annual debt service($23,632)
Annual cash flow-$11,059
Break-even occupancy71.2%

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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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