ACTIVEcondovia mls

150 Sunken Forest Drive 2-118

Forsyth, MO, 65653

2 bd2 ba1,106 sqftBuilt 1990

Listing courtesy of Murney Associates - Nixa · (417) 724-2300 · MLS# SOM60323113

Call417-230-8696 Text

List price

$164,000

8% price cut$177,400

$148/sqft

Listing description

SUPER AFFORDABLE, UPDATED 2BR, 2BA LAKEFRONT CONDO just minutes from Branson. This immaculate walk-in condo includes 2019 York HVAC, 2022 W/H, ALL APPLIANCES, stunning Vinyl Plank Flooring throughout and $20K of warrantied Renewal by Andersen brilliant Energy Efficient Glass Sliders and Windows in living room and bedrooms. Enjoy the conveniences of a nearby CARPORT, easy access side deck for loading and unloading and a lakefront deck for enjoying sunrise and sunset overlooking tranquil Lake Taneycomo. Welcoming open floor plan offers casual kitchen, dining and living room, master suite with lakefront deck and bird's eye view of adjacent swimming pool. Unobstructed lake views from guest bedroom as well. Separate laundry with storage. Come enjoy all that Lake Taneycomo has to offer from 3 private docks with indoor and outdoor fishing and sitting areas overlooking the lake; 3 swimming pools, and community fitness/game room. Taneycomo Terrace of Forsyth is a wonderfully friendly and peaceful complex located just a few miles northeast of Branson. You'll love the convenience of nearby shops, restaurants and retail without tourists, crowds and traffic. Better yet, your fellow neighbors are all full-time owners who help to manage and maintain the property to benefit everyone's investment and enjoyment. NO RENTALS ALLOWED and ALL AGES ARE WELCOME!! With the added bonuses of nearby parking, convenient walk-in entrance, expansive lake views, plus an exclusive carport for your vehicle or boat, this move-in ready full or part-time retreat may be the LAKEFRONT BARGAIN you're looking for! Come see what you're missing!!

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

-$225

Cap rate

4.7%

Cash-on-cash

-8.3%

DSCR

0.74

Purchase price

Down payment %

Interest rate %

Renovation budget

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$14,451

Property tax($836)

Insurance($656)

Utilities($0)

HOA($3,312)

Management($1,156)

Maintenance reserve($723)

Total operating expenses($6,683)

Net operating income$7,769

Down payment$32,800

Loan amount$131,200

Monthly payment (P&I)$872.88

Annual debt service($10,475)

Annual cash flow-$2,706

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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.