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ACTIVEsingle familyvia mls

505 Cope Lane

Forsyth, MO, 65653

4 bd3 ba2,834 sqftBuilt 1976

Listing courtesy of Keller Williams Tri-Lakes · (417) 336-4999 · MLS# SOM60334265

List price

$425,000

$150/sqft

Listing description
This 4 bedroom, 3 bath LAKEFRONT home is a must see! Located in a well kept Forsyth Subdivision, just 25 minutes to Branson, this beautiful home with panoramic Lake Taneycomo views can be found. From the covered front porch walk in to the spacious living / dining room that features a wood burning fireplace, wood floors, and beautiful views of the lake from the extra large windows and doors that take you to the covered / screened in back deck that offer a great entertaining space or a place to relax. The updated kitchen features granite countertops, tons of cabinet space, a large pantry, and convenient washer & dryer closet. All kitchen appliances & washer / dryer convey. Down the hall you will find the home's primary bedroom suite with attached full bath and access to the back deck. The main floor also features the homes 2nd bedroom and another full bathroom, as well as access to the large 2 car garage that also has back deck access. Downstairs you will find the homes 2nd living space. The lower level family room features a wood stove, a wet bar area (which could be made into a small kitchen area,) and the homes 3rd & 4th bedrooms with a jack-n-jill full bathroom in between. One bedroom has access to the covered lower level patio area. Downstairs you will also find large storage closets. The lower level would make a great space for extended family to stay or the teenager who wants their own domain. Outside you will find a nice storage shed. Just down the road is Empire Park - with a beautiful walking trail, children's play area, disk golf, and boat put in. If you would like to have some lake fun on Bull Shoals Lake - it's just on the other side of the dam, and only 5 minutes away to the boat put in at Shadow Rock Park. This property has been extremely well taken care of and is easy to show. Call for your appointment today.
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

-$1,071

Cap rate

3.4%

Cash-on-cash

-15.1%

DSCR

0.53

Est. annual revenue$23,272
Property tax($4,250)
Insurance($1,700)
Utilities($0)
HOA($0)
Management($1,862)
Maintenance reserve($1,164)
Total operating expenses($8,975)
Net operating income$14,297
Down payment$85,000
Loan amount$340,000
Monthly payment (P&I)$2,262.03
Annual debt service($27,144)
Annual cash flow-$12,847

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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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