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Kelly May-Bramlet Represents Seller In $2,082,570 Nebo Ranch Sale
SOLD
$2,082,570
Illinois
See Similar DealsLand
Sold 04/05/2024
SOLD
Kelly May-Bramlet Represents Seller In $2,082,570 Nebo Ranch Sale
Land
Sold 04/05/2024
Summary
Asset Type:Land
Transaction Type:Sale
Located at 0 TBD 170th Avenue in Nebo, this ranch property spans 297.51 acres and was recently purchased for $2,082,570. The transaction was handled by Kelly May-Bramlet of Coldwell Banker Brown Realtors.
Summary of transation details:
- Property Type: Ranch
- Transaction Amount: $2,082,570
- Address: 0 TBD 170th Avenue
- Market: Nebo
- Broker: Kelly May-Bramlet - Coldwell Banker Brown Realtors
The sale of this 297.51-acre ranch property in Nebo was facilitated by Kelly May-Bramlet of Coldwell Banker Brown Realtors, representing the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$111,070.39
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,398.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,872.44
Annual Debt Service$118,469.33
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