Winigan, MO 63566(Sullivan County)

86.4 m/l Acres in Sullivan County, MO.

This 86.4 m/l acre property, located in a area known for very large whitetail bucks, Southeast of Mystic, Mo. features 62 m/l tillable acres and 24 m/l acres of timber. The tillable acres have a farm lease in place for the next three years. The cash rent for 2017 is $130.00 per tillable acre; bringing in an income of $8,060.00. For 2018 will be $140.00 per tillable acre; bringing in an income of $8,680.00. For 2019 will be $150.00 per tillable acre; bringing in an income of $9,300.00. Making the total income over the next three years to $26,040.00. The property also has a hunting lease in place for $12.90 per acre for an annual income of $1,109.40. Together that gives this property an achievable income for 2017- $9,169.40; 2018- $9,789.40; 2019- $10,409.40 and a return rate of 4.9% at asking price. Great property for hunting and income.