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Eric Bird & Marti LaHood Facilitate $1.98M Sale Of DeKalb Ranch

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SOLD
$1,985,280

Illinois

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Farm
Sold 04/29/2024
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Property Image
SOLD

Eric Bird & Marti LaHood Facilitate $1.98M Sale Of DeKalb Ranch

15608 Crego Road

See Similar Deals
Farm
Sold 04/29/2024
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Summary

ILLINOIS
Asset Type:Farm
Transaction Type:Sale

A 160-acre ranch property located at 15608 Crego Road in DeKalb was sold for $1,985,280. The land offers prime agricultural potential and is positioned for farming in 2024, with future development potential and convenient access to I-88.

Summary of transaction details:

  • Property Type: Ranch
  • Transaction Amount: $1,985,280
  • Address: 15608 Crego Road
  • Market: DeKalb
  • Acres: 160
  • Buyer's Representative: Eric Bird - Bird Realty
  • Seller's Representative: Marti LaHood - Keller WilliamsPreferred Realty

Eric Bird of Bird Realty represented the buyer, and Marti LaHood of Keller Williams Preferred Realty represented the seller in the transaction of the 160-acre ranch property in DeKalb. The property, with its agricultural potential and strategic location, attracted the attention of both parties, emphasizing the importance of location and potential agricultural use in the deal.

Players

Eric Bird
4 deals$7.6M volume
BROKER

Marti LaHood
Keller Williams Realty
1 deal$2M volume(708) 516-9496
BROKER

Details

SOLD
IMAGE: Marti LaHood & Eric Bird DATE: 04/29/2024 ADDRESS: 15608 Crego Road MARKET: DeKalb ASSET TYPE: Ranch ~ ACRES: 160 BUYER'S REP: Eric Bird - Bird Realty SELLER'S REP: Marti LaHood (@LaHoodhomes) - Keller Williams Preferred Realty (@KellerWilliamsRealty) SALE PRICE: $1,985,280 NOTE: A 160-acre ranch property located at 15608 Crego Road in DeKalb was sold for $1,985,280. Eric Bird of Bird Realty represented the buyer, and Marti LaHood of Keller Williams Preferred Realty represented the seller. The land offers prime agricultural potential and is positioned for farming in 2024, with future development potential and convenient access to I-88.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$105,881.59

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,053.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,411.24
Annual Debt Service$112,934.88