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ACTIVEsingle familyvia mls

1348 State Highway Y, Unit Lot 12

Forsyth, MO, 65653

3 bd2 ba1,762 sqftBuilt 2026

Listing courtesy of Step Above Realty LLC · (417) 699-1157 · MLS# SOM60324132

List price

$469,900

$267/sqft

Listing description
Experience elevated Ozarks living with this exceptional luxury new construction home overlooking beautiful Bull Shoals Lake. Construction starting June 2026 and estimated for completion in Fall 2026. Designed to capture breathtaking lake views and the peaceful natural surroundings, this new residence offers approximately 1,762 sq ft on the main level with an expansive unfinished walkout basement ready for additional living space, guest quarters, entertainment areas, or a private retreat. Inside, discover an open-concept design highlighted by a spacious chef-inspired kitchen with island, oversized living area, elegant dining space, and a private primary suite designed for comfort and relaxation. Outdoor living takes center stage with an expansive rear deck and patio perfectly positioned to enjoy sunrise coffee, evening sunsets, and year-round lake scenery. The oversized garage, thoughtful layout, and future expansion potential create a rare opportunity to own a luxury lake-view home just a short drive from Branson, yet tucked away in the beauty and serenity of Forsyth. Luxury, privacy, and views come together in one remarkable new build! Lot 12
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

-$1,681

Cap rate

2.1%

Cash-on-cash

-21.5%

DSCR

0.33

Est. annual revenue$18,867
Property tax($4,699)
Insurance($1,880)
Utilities($0)
HOA($0)
Management($1,509)
Maintenance reserve($943)
Total operating expenses($9,031)
Net operating income$9,836
Down payment$93,980
Loan amount$375,920
Monthly payment (P&I)$2,501.01
Annual debt service($30,012)
Annual cash flow-$20,176

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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.

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