Eric Bird & Marti LaHood Facilitate $1.98M Sale Of DeKalb Ranch
15608 Crego Road
$1,985,280
Building Size
—
Asset Type
Farm
Closing
Apr 29, 2024
About this deal
AI
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.
On the Map
$1,985,280
Farm
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Dekalb Farm Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.99%
Cash-on-Cash
-2.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93