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118 m/l acres in Sullivan County

$324,500 118 Acres
Property ID 3244898


This 118 m/l acre property is located 2 miles south of Milan, MO. and has blacktop access. With the majority of the farm being open this property could be a highly productive investment property. The farm has 85 m/I open acres and is being cash rented for $130 per tillable acre in 2017, $140 in 2018, and $150 in 2019. Cash rent for this year will produce an income of $11,050.00. Combine that with a $1500.00 hunting lease and this farm will have a projected income of 12,550.00 for 2017 and a return rate of almost 4%.

2018 would have a return rate of 4.1% and 4.4% in 2019.


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