Goodwin & Associates Real Estate Acquires Melvin, IL Land For $1.76M
1425 East 1000n Road, Melvin, Illinois 60952, United States
$1,760,000
Building Size
—
Asset Type
—
Closing
Dec 20, 2021
About this deal
AI
Douglas Deininger & Mark Goodwin of Goodwin & Associates Real Estate LLC facilitated the sale of a 160-acre land located at 1425 E 1000n Rd in Melvin, IL. The transaction took place on 12/20/2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,760,000
- Market: Melvin, IL
- Address: 1425 E 1000n Rd
- Brokers: Douglas Deininger & Mark Goodwin - Goodwin & Associates Real Estate LLC
This transaction was marked by the sale of 160 acres of land in Melvin, IL. Douglas Deininger & Mark Goodwin, representing Goodwin & Associates Real Estate LLC, played a vital role in the deal.
On the Map
$1,760,000
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Roberts CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.01%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93