Eustis, NE 69028(Frontier County)

This is a unique opportunity to invest in Nebraska real estate and get a decent return on your investment. At the same time, you can enjoy great upland bird hunting as well as deer hunting. This property has a CREP Program that runs until 2020 and has an annual payment of $21,720 per year. This payment is made each September 30th for the past year. In addition, there is a $6,000 income from grazing from a local operator. After taxes and expenses there is a net income of $20,240. Another potential income possibility is selling off the certified irrigated acres after the CREP program expires. Currently there is a market for these acres with a market range of $2,000-$2,400 per certified irrigated acre. This is an unknown as the Middle Republican NRD cannot guarantee that these acres could be sold off in the later part of 2020 or 2021. However, the possibility does exist. I can tell you first-hand that there are excellent numbers of Pheasant and Quail that reside on the property. There is good Mule Deer hunting on the property as well. There is a round top Quonset with a concrete floor that would provide excellent storage for machinery and vehicles. This is a great opportunity to realize a decent return as well as the potential for appreciation.

Potential Cash Lease Income$21,720 C.R.E.P Payment$6,000 Range Income$27,720 Gross Income

($5,980) Taxes($1,000) Insurance($500) Fencing Material$20,240 Net Income

Certified Irrigated Acres as per the Natural Resource District: 190 acres

Legal DescriptionTownship 6 North, Range 24 West of the 6th P.M., Frontier County, Nebraska:Section 4: NE1/4SW1/4; E1/2