Mark Goodwin Acquires 259 Acres Of Land In Earlville, IL For $2.4M
450 Benson Rd, Earlville, Illinois, USA
$2,438,100
Building Size
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Asset Type
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Closing
Jun 25, 2021
About this deal
AI
A 259-acre land located at 450 Benson Rd in Earlville, IL has been sold for a total price of $2,438,100. The transaction took place on June 25, 2021. The property is known for its vast size and is categorized as land.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,438,100
- Address: 450 Benson Rd, Earlville, IL
- Market: Earlville, IL
- Broker: Mark Goodwin
- Agency: Goodwin & Assoc. Real Estate LLC
- Acres: 259
- Price per Acre (PPA): $9,414
The transaction was facilitated by Mark Goodwin, a representative from Goodwin & Assoc. Real Estate LLC. The deal involved the sale of the 259-acre land at 450 Benson Rd in Earlville, IL, with a final price of $2,438,100. The property, which is located in Earlville, IL, offers a significant amount of land for potential development or other purposes.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.51%
Cash-on-Cash
-1.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93