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ACTIVEsingle familyvia mls

62 S Ridge Lane

Blue Eye, MO, 65611

3 bd4 ba4,590 sqftBuilt 1979

Listing courtesy of RE/MAX Associated Brokers Inc. · (417) 334-1374 · MLS# SOM60329341

List price

$489,000

9% price cut$539,000

$107/sqft

Listing description
Foreclosure Unicorn: Stunning Panoramic Lakeview Home at Table Rock. Nestled on 1.8 acres overlooking the breathtaking expanse of Table Rock Lake, this foreclosure property presents an extraordinary opportunity. With its panoramic views & multiple living spaces this residence is as versatile as it is captivating. The home boasts 3 bedrooms & 4 full bathrooms. A formal living room & dining area. The galley kitchen is outfitted with granite countertops & includes a cozy breakfast nook. Adjacent, the main-level family room offers a relaxed atmosphere, while a dedicated office space caters perfectly to remote work. The lower level, which includes a second family room complete with a fireplace & a kitchenette + the secondary bedrooms & full bath. With a total of 4 fireplaces scattered throughout, warmth & ambiance are never in short supply. Convenience is key, with laundry facilities available on both levels of the home. This property excels in its storage & workspace offerings. The oversized garage & workshop attached to the main level includes a full bathroom, catering to hobbyists requiring ample space. Additionally, the lower level contains multiple garage spaces and/or workshops, alongside a detached garage specifically designed for boats & lake toys. Covered storage for boats & RVs ensures protection from the elements year-round. Indoor-outdoor living flows effortlessly across expansive decking areas, both covered & uncovered, as well as a screened porch--all positioned to maximize the stunning lake views. Modern comforts are seamlessly integrated, with a backup generator & solar panels enhancing energy reliability & sustainability. A circular driveway completes the home. This foreclosure home by Table Rock Lake offers a rare blend of panoramic beauty, practical space, & functional design--ready for a new owner to imprint their personal touch. For those drawn to lakeside living with room to grow, this property is a compelling canvas for a dream lifestyle.
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

-$1,565

Cap rate

2.5%

Cash-on-cash

-19.2%

DSCR

0.40

Est. annual revenue$18,867
Property tax($1,644)
Insurance($1,956)
Utilities($0)
HOA($360)
Management($1,509)
Maintenance reserve($943)
Total operating expenses($6,413)
Net operating income$12,454
Down payment$97,800
Loan amount$391,200
Monthly payment (P&I)$2,602.66
Annual debt service($31,232)
Annual cash flow-$18,778

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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.

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