Seeking advice on New condo for STR

[Madheshwaran R.]

Hi, I've been searching for an investment property in Branson and other areas. However, I couldn't find one that offers a good return in terms of cap rate and cash-on-cash (CoC) — the prices of homes are very high. I've come across this Tall Timbers new condo under construction. Could you please share your thoughts on whether it's worth investing in? If so, please recommend how many bedrooms to purchase. As a first-time investor, I'm nervous about making the buying decision.

[Valerie Budd]

I'm a property manager and an investor in the Branson area since 2005 I know that development very well- it's definitely not a condo. It's a standalone cabin. The investors that are buying into this development are very quality high and once the builder is out and the homeowners over the HOA, it will be a really well run system. This development is going to be very unique to the Branson area as it is going to be spread out much more of a Big Cedar type feel. We are expecting even more visitors to our area due to the fully booked for the 2025 season of the new Thunderidge Amphitheater as well as more gold courses. I'd be happy to visit with you more detail.