Goodwin & Associates Real Estate Acquires Melvin, IL Land For $1.76M
SOLD
$1,760,000
Illinois
See Similar DealsSold 12/20/2021
SOLD
Goodwin & Associates Real Estate Acquires Melvin, IL Land For $1.76M
1425 East 1000n Road, Melvin, Illinois 60952, United States
See Similar DealsSold 12/20/2021
Summary
ILLINOIS
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,252.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,343.30
Annual Debt Service$100,119.57
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