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173.69-Acre Land Parcel In Morrison Sold For $2.1M By Ken Kophamer & Suzi Mills
SOLD
$2,107,200
Illinois
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Sold
SOLD
173.69-Acre Land Parcel In Morrison Sold For $2.1M By Ken Kophamer & Suzi Mills
Land
Sold
Summary
Asset Type:Land
Transaction Type:Sale
A 173.69-acre land parcel located at 0 Lyndon Road in Morrison has been sold for $2,107,200. The transaction was facilitated by brokers Ken Kophamer and Suzi Mills of Kophamer & Blean Realty.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,107,200
- Address: 0 Lyndon Road, Morrison
- Market: Morrison
- Size: 173.69 acres
- Brokers: Ken Kophamer & Suzi Mills - Kophamer & Blean Realty
Ken Kophamer and Suzi Mills from Kophamer & Blean Realty played a crucial role in facilitating the transaction of the 173.69-acre land parcel in Morrison.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,384.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,486.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,989.20
Annual Debt Service$119,870.44
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