ACTIVEcondovia mls

38 Lantern Bay Lane, Unit 3

Branson, MO, 65616

2 bd2 ba938 sqftBuilt 1994

Listing courtesy of Murney Associates - Primrose · (417) 823-2300 · MLS# SOM60320563

List price

$179,000

$191/sqft

Listing description

Walk-in unit with no stairs in a prime Branson location just 3 minutes from Silver Dollar City, one of the most desirable features for both guests and owners. Plus the view from the back deck is so incredible, you have to see it for yourself. This condo has been meticulously maintained and actively used as a short term rental, making it a great investment or personal getaway. Tons of updates already done for you, including a new water heater (2018), most window glass replaced (2020), new refrigerator and carpet (2020), stove, washer, and dryer (April 2021). In 2024, the unit was refreshed with new furniture pieces and the deck was stained. Priced below comparable units for a quick sale so the next owner can step in and enjoy the summer season!

Financial analysis

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

Monthly cash flow

-$472

Cap rate

3.2%

Cash-on-cash

-15.8%

DSCR

0.50

Purchase price

Down payment %

Interest rate %

Renovation budget

Nightly rate (ADR)

Occupancy %

Mgmt fee %

Lodging tax %

Est. annual revenue$28,207

Stays / year58

Property tax($610)

Insurance($895)

Utilities($3,000)

Electricity($120)

Water($25)

Sewer($20)

Trash($25)

Internet / cable($60)

HOA($4,500)

Management($5,641)

Maintenance reserve($1,410)

Cleaning($5,256)

Lodging / tourism tax($1,128)

Total operating expenses($22,442)

Net operating income$5,766

Down payment$35,800

Loan amount$143,200

Monthly payment (P&I)$952.71

Annual debt service($11,433)

Annual cash flow-$5,667

Break-even occupancy66.4%

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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.