Sale · Farm
$1,421,000
Building Size
—
Asset Type
Farm
Closing
Aug 13, 2024
About this deal
AI
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
Market Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.16%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93