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81-Acre Farm In Milan Sold For $1.15M With Broker Chase Burns From LandGuys, LLC
SOLD
$1,146,150
Illinois
See Similar DealsFarm
Sold 09/01/2023
SOLD
81-Acre Farm In Milan Sold For $1.15M With Broker Chase Burns From LandGuys, LLC
4559 5227 180th Avenue
See Similar DealsFarm
Sold 09/01/2023
Summary
ILLINOIS
Asset Type:Farm
Transaction Type:Sale
An 81-acre farm located at 4559-5227 180th Avenue in Milan was recently sold for a total of $1,146,150. The transaction was facilitated by Chase Burns from LandGuys, LLC.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $1,146,150
- ACRES: 81
- Broker: Chase Burns - LandGuys, LLC
Chase Burns, the broker from LandGuys, LLC, played a pivotal role in the sale of this 81-acre farm in Milan. With his expertise and negotiation skills, he successfully closed the deal and ensured both the buyer and seller had a smooth transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,128.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,072.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,433.34
Annual Debt Service$65,200.03
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