400th St , Mcfall, MO 64657(Gentry County)

400 Acre Gentry Co. Tillable/Hunting Farm with 4%+ ROI w/Depreciation!!

A great chance to purchase this 400 acre tillable farm in SE Gentry Co. Just a short dead end 3/4 mile drive down 400th street to the west of Hwy EE will bring you to the entrance of this property.

The farm features 351.1 acres tillable cash rented for 2023, 2024, and 2025 at a rental rate of $250 per acre or $87,775 annually.

The farm went through a major upgrade in 2019 with the addition of $215,994.32 in new terraces. One should check with their accountant but the terraces and fences are depreciate-able items. This should further enhance the return on the farm!!!

The hunting in the area should be great. Several Deer where running across the fields upon inspection, and turkeys are sure to feed in the open fields. The current owner leases the property out for $10,000 annually.

With a total income $97,775 and not figuring anything for depreciation the farm shows a 4% return at ask...