Toby Stay Of Landguys LLC Facilitates Sale Of 203 Acres Land In Mount Sterling For $1.3M
$1,300,000
Building Size
—
Asset Type
Land
Closing
Jul 16, 2024
About this deal
AI
The transaction involved the sale of 203 acres of vacant land located at 1370 E 1180th Street in Mount Sterling, with a sale price of $1,300,000. The land features a cabin, a machine shed, a stocked pond, and diverse terrain suitable for deer hunting and recreational activities, situated in Brown County, IL.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,300,000
- Acres: 203
- Address: 1370 E 1180th Street
- Market: Mount Sterling
- Broker: Toby Stay - Landguys, LLC
Toby Stay represented Landguys, LLC in the facilitation of this sale, bringing expertise to the transaction involving the significant land parcel.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93