Tillable farms are in very high demand. This tract at asking price will perform a 5% ROI on a cash rent basis and will produce a higher ROI on a "custom farming" situation. Tillable market is bringing $110+ per CSR point and this tract will be well below that! If you are looking for a good return farm you will want to see this one.
Property Features
â?¢ 80 acres tillable, 30 acres timber
â?¢ 5 minutes from Molton, Iowa; 30 minutes from Centerville, Iowa; 30 minutes from Bloomfield, Iowa
â?¢ Average CSR 39.4
â?¢ 80 acres tillable will be "custom farmed" for 2013, buyer to have farming rights for 2013
â?¢ Cash rent option for $225 per acre (same farmer) would be $18,000 annually
â?¢ 5% ROI at asking price for cash rent income basis
â?¢ Rolling farm with timbered draws
â?¢ Easy access to all fields with equipment
â?¢ Continuous tillable with corn/bean rotation that requires a fall seed down
â?¢ Good f...
â?¢ Good fence around entire property
â?¢ Deer and turkey sign present on farm
â?¢ Good investment farm!
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