ACTIVEcondovia mls

38 Lantern Bay Road, Unit 2

Branson, MO, 65616

2 bd2 ba938 sqftBuilt 1994

Listing courtesy of Premier Realty · (417) 849-0649 · MLS# SOM60318013

List price

$249,900

$266/sqft

Listing description

Check out this newly updated condo with a lake view! This beautiful , fully furnished condo is the opportunity you have been waiting for! New air conditioner and water heater, granite counters, new fixtures, quality porcelain tile floors throughout, and cozy cabin decor that makes you feel right at home in the Ozarks! Enjoy your morning coffee or take in the sunset on the deck enjoying the lake view. Easy walk up access so you don't have to worry about stairs. Vacation Rental approved and you can self manage. This condo has a good rental history and amenities including a community pool & hot tub, basketball courts, tennis courts, children's playground, walking trail, internet and cable. Lantern Bay condos have a proven track record for good income potential and are located right next to Silver Dollar City. This will make an excellent addition to your investment portfolio or be a vacation home you and your family can enjoy for years to come!

Financial analysis

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

Monthly cash flow

-$496

Cap rate

4.0%

Cash-on-cash

-11.9%

DSCR

0.63

Purchase price

Down payment %

Interest rate %

Renovation budget

Nightly rate (ADR)

Occupancy %

Mgmt fee %

Lodging tax %

Est. annual revenue$33,288

Stays / year58

Property tax($1,122)

Insurance($1,250)

Utilities($2,700)

Electricity($120)

Water($25)

Sewer($20)

Trashin HOA dues

Internet / cable($60)

HOA($3,300)

Management($6,658)

Maintenance reserve($1,664)

Cleaning($5,256)

Lodging / tourism tax($1,332)

Total operating expenses($23,281)

Net operating income$10,007

Down payment$49,980

Loan amount$199,920

Monthly payment (P&I)$1,330.07

Annual debt service($15,961)

Annual cash flow-$5,954

Break-even occupancy63.5%

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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.