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ACTIVEcondovia mls

150 Sunken Forest Dr. 2-118

Forsyth, MO, 65653

2 bd2 ba1,106 sqftBuilt 1990

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

List price

$175,000

1% price cut$177,400

$158/sqft

Listing description
This immaculate partially furnished 2BR, 2BA LAKEFRONT condo with nearby CARPORT combines a walk-in, end unit with the convenience and worry-free lifestyle of Taneycomo Terrace of Forsyth. An ideal full or part-time lake retreat, this well-loved and maintained condo is ready and waiting! Easy access side deck makes loading and unloading the car a breeze, while a second deck provides a quiet retreat for enjoying sunrise and sunset overlooking the lake. Welcoming open floor plan offers casual kitchen, dining and living room, lake view master suite with lakefront deck and bird's eye view of adjacent swimming pool. Second bedroom offers a lakeview as well. Separate laundry with storage. Clean, updated unit 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. Come enjoy all that Lake Taneycomo has to offer from 3 private docks with indoor and outdoor fishing and sitting areas overlooking tranquil clear waters; 3 swimming pools, and community fitness/game room. Taneycomo Terrace is a wonderfully friendly and peaceful complex located in the close-knit community of Forsyth, 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 best protect everyone's investment and enjoyment. NO SHORT TERM, LONG TERM OR NIGHTLY RENTALS ALLOWED!! With the added bonuses of nearby parking, convenient walk-in entrance, INCREDIBLE UNOBSTRUCTED LAKEVIEW, plus the exclusive use of an enclosed carport for your vehicle or boat storage, THIS MOVE-IN CONDO HAS IT ALL, at a price you can't beat!
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

-$288

Cap rate

4.4%

Cash-on-cash

-9.9%

DSCR

0.69

Est. annual revenue$14,451
Property tax($836)
Insurance($700)
Utilities($0)
HOA($3,312)
Management($1,156)
Maintenance reserve($723)
Total operating expenses($6,727)
Net operating income$7,725
Down payment$35,000
Loan amount$140,000
Monthly payment (P&I)$931.42
Annual debt service($11,177)
Annual cash flow-$3,452

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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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