Situated in the rolling East-Central Iowa countryside sits a secluded CRP tract that offers the best of both worlds. Here is a wholesome opportunity for those who enjoy hunting land that puts money back into their bank account. With the current income of $9,476/yr. from the CRP contracts, this property generates over 3.2% ROI at asking price! At today’s current interest rates, the guaranteed income every year will significantly pay down a mortgage. See bullet points for contract breakdown. Two timbered draws funnel throughout, connecting to larger tracts of cover in what is otherwise an ocean of row crops. No doubt this could be a choice home for an old reclusive buck, and a slam-dunk travel corridor for cruising daywalkers during the November rut. There is a beautiful pond just across the south line that is a magnet for wildlife - I jumped five deer drinking there recently. This land is...
Situated in the rolling East-Central Iowa countryside sits a secluded CRP tract that offers the best of both worlds. Here is a wholesome opportunity for those who enjoy hunting land that puts money back into their bank account. With the current income of $9,476/yr. from the CRP contracts, this property generates over 3.2% ROI at asking price! At today’s current interest rates, the guaranteed income every year will significantly pay down a mortgage. See bullet points for contract breakdown. Two timbered draws funnel throughout, connecting to larger tracts of cover in what is otherwise an ocean of row crops. No doubt this could be a choice home for an old reclusive buck, and a slam-dunk travel corridor for cruising daywalkers during the November rut. There is a beautiful pond just across the south line that is a magnet for wildlife - I jumped five deer drinking there recently. This land is also under agreement with the Invenergy Diamond Trail Wind Farm project, which spans over 30,000 acres in Southwest Iowa County. Currently in the development stage, Invergy pays $300/yr. for the potential to add a wind turbine. If this tract is a final candidate, it will generate $4,000/megawatt/yr. and most wind turbines in this project will create over 2 megawatts per year. That payment, plus the lineal foot agreement for infrastructure could add an additional $10,000/year in revenue! In the event that this property isn’t a candidate for a turbine, Invenergy will still compensate $10/ac./yr. for an extra $600 in guaranteed income. There are currently no rural properties in Iowa for sale that have this large of a return on investment potential! That, combined with a secluded layout for deer and turkey hunting will make this the perfect property for the financially savvy outdoorsman. Call me today to schedule your showing.
Property Features:
- Secluded hunting with solid current income and enormous financial potential
- CRP Income is $9,476/yr. (3.22% ROI at asking price)
- 45.2 acres of CP1 Grasses ($8,386/yr. expiring 2023)
- 7.2 acres of CP21 Filter Strips ($1,090/yr. expiring 2018)
- ½ mile easement from 325th Street that leads back to the property
- Timbered draws create travel corridor to good connecting cover
- Wind Farm project is paying $300/yr. and will pay $600/yr. once in operational stage
- Property income could be nearly $10,000/yr. m/l if candidate for wind turbine
- Current wind easement conveys with the land
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