Mike McCatty Sells 80-Acre Frankfort Land For $1M With Century 21 Circle
24699 South Center Road
$1,000,000
Building Size
—
Asset Type
Land
Closing
Jun 7, 2024
About this deal
AI
An 80-acre vacant farmland at 24699 South Center Road in Frankfort sold for $1,000,000. The property, brokered by Mike McCatty of Century 21 Circle, is surrounded by new developments and offers easy access to I-57.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $1,000,000
- Address: 24699 South Center Road
- Market: Frankfort
- Asset Type: Land
- Acres: 80
The sale of the 80-acre vacant farmland in Frankfort was facilitated by Mike McCatty from Century 21 Circle, bringing together the buyer and seller for this significant transaction.
Players
Frankfort 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93