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196 Acre Ranch Sold For $1.42M In Hennepin With Broker Nathan Cumpton Of Landguys LLC

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SOLD
$1,421,000

Illinois

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Farm
Sold 08/13/2024
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Property Image
SOLD

196 Acre Ranch Sold For $1.42M In Hennepin With Broker Nathan Cumpton Of Landguys LLC

Farm
Sold 08/13/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:Farm
Transaction Type:Sale

A 196-acre ranch located at 7775 County 10 Highway in Hennepin has been sold for $1,421,000. The property features a combination of timber and tillable land, with over 100 acres dedicated to tillable fields and mature hardwoods. Additionally, the ranch offers opportunities for deer hunting, wildlife habitat, and waterfowl hunting, along with existing infrastructure suitable for camping or cabin use.

Summary of transaction details:

  • Property Type: Ranch
  • Transaction Amount: $1,421,000
  • Acres: 196
  • Market: Hennepin
  • Broker: Nathan Cumpton - Landguys LLC

This transaction was facilitated by Nathan Cumpton, representing Landguys LLC, who played a key role in brokering the sale of the ranch, highlighting the unique attributes of the property's land composition and recreational capabilities.

Players

Nathan Cumpton
Landguys
Nathan Cumpton
3 deals$7.1M volume
BROKER

Details

SOLD
IMAGE: Nathan Cumpton DATE: 08/13/2024 ADDRESS: 7775 County 10 Highway MARKET: Hennepin ASSET TYPE: Ranch ~ ACRES: 196 BROKER: Nathan Cumpton - Landguys LLC (@Landguys) SALE PRICE: $1,421,000 NOTE: LandGuys LLC brokered the $1.42 million sale of a 196-acre ranch in Hennepin, offering a mix of timber and tillable land ideal for deer hunting and wildlife habitat. The property features 100+ acres of tillable fields, mature hardwoods, and waterfowl hunting opportunities, with infrastructure in place for camping or cabin use.

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

$75,786.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,048.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,736.26
Annual Debt Service$80,835.18