ACTIVEsingle familyvia mls

3353 State Hwy 173

Galena, MO, 65656

2 bd1 ba1,629 sqftBuilt 1960

Listing courtesy of Murney Associates - Tri-Lakes · (417) 335-6222 · MLS# SOM60333546

Call417-230-8696 Text

List price

$149,900

24% price cut$198,000

$92/sqft

Listing description

Acreage, Space & Endless Possibilities! Situated on approximately 2.2 acres.The real highlight for those needing workspace or storage is the impressive 60' x 60' detached shop building. Approximately 39' x 60' of the building is insulated and equipped with electricity, providing a large, versatile area for projects, equipment, hobbies, or business use. An office area is located along the side of the shop and is plumbed for a half bathroom. A 60' x 20' attached lean-to provides even more covered storage for boats, tractors, trailers, RVs, or other equipment.Whether you're looking for a place to store excavating equipment, create an RV garage, operate a home-based business, work on projects, or simply have room for all your toys and equipment, the possibilities here are extensive. The acreage provides plenty of room to enjoy the property and make it your own.The home having no value would need either torn down or a complete overhaul, as it has foundation issues, roof issues, etc... Sellers are selling the property AS-IS. Due to the property's current condition, it will not qualify for FHA, USDA, or VA financing.

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

$154

Cap rate (all-in)

5.5%

Cash-on-cash

2.1%

DSCR

1.19

Purchase price

Down payment %

Interest rate %

Renovation budget (est.)

Monthly rent

Vacancy %

Mgmt fee %

Est. annual revenue$14,451

Property tax($556)

Insurance($600)

Utilities($0)

HOA($0)

Management($1,156)

Maintenance reserve($723)

Total operating expenses($3,035)

Net operating income$11,417

Down payment$29,980

Renovation budget$57,015

Total cash invested$86,995

All-in cost$206,915

Loan amount$119,920

Monthly payment (P&I)$797.83

Annual debt service($9,574)

Annual cash flow$1,843

This listing reads as a fixer, so we seeded a rough renovation budget to keep the cap rate honest — the low list price isn't a bargain if it needs work. It's only an estimate; replace it with a contractor bid to see your real return.

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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.