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ACTIVEcondovia mls

261 Cedar Point Road, Unit Cabins 4,5,6

Forsyth, MO, 65653

3 bd3 ba1,188 sqftBuilt 1930

Listing courtesy of Mayhew Realty Group LLC · (417) 319-6955 · MLS# SOM60326547

List price

$225,000

$189/sqft

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Listing description
Rare opportunity to own three rustic lakefront cabins on beautiful Lake Taneycomo with spectacular year-round lake views and gentle access to the shoreline. Whether you're looking for a vacation rental investment, family compound, or renovation project, the possibilities here are exciting.The property includes three separate cabins, with one substantially renovated and the others in various stages of renovation. These units feature newer windows, metal roofs, and a design it yourself canvas to create a classic lake-cabin feel. Zoned commercial, this property allows for vacation rentals and offers tremendous upside for the investor willing to complete the project.Public sewer is connected. The cabins currently utilize a shared well. Utilities are not currently active, and due to ongoing construction, the seller will not activate utilities for inspections or closing. Property is being sold in its present condition.A survey is currently in progress. Depending upon the final survey and approval process, there may be potential for a private dock, however buyers must perform their own due diligence with all applicable agencies and governing authorities.Located directly on Lake Taneycomo with exceptional fishing, boating, and outdoor recreation nearby. Properties with this combination of lake access, commercial zoning, vacation rental potential, and multiple cabins are increasingly difficult to find.Important: Property cannot be divided and sold as individual cabin units. Exercise caution while touring. Concrete steps and construction areas exist throughout the property. Sellers and real estate brokers make no representations regarding safety conditions. All visitors enter at their own risk.Portions of the property may be located within designated floodplain areas. Buyer to verify flood zone information, insurance requirements, measurements, zoning, utilities, dock potential, vacation rental regulations, and all other matters important to buyer.
Financial analysis

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

Monthly cash flow

$825

Cap rate

10.8%

Cash-on-cash

22.0%

DSCR

1.69

Est. annual revenue$49,184
Stays / year67
Property tax($500)
Insurance($1,125)
Utilities($3,000)
Electricity($120)
Water($25)
Sewer($20)
Trash($25)
Internet / cable($60)
HOA($0)
Management($9,837)
Maintenance reserve($2,459)
Cleaning($6,023)
Lodging / tourism tax($1,967)
Net operating income$24,273
Down payment$45,000
Loan amount$180,000
Monthly payment (P&I)$1,197.54
Annual debt service($14,371)
Annual cash flow$9,902
Break-even occupancy36.1%

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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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