Brenda Schmidt
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Exceptional opportunities to purchase high-quality Iowa farmland are becoming increasingly rare. This 273± acre farm in the heart of Audubon County offers the ideal combination of highly productive tillable ground, dependable annual income, and long-term investment value in one of Iowa's premier agricultural regions. Featuring 260.44± FSA tillable acres with an impressive 71.8 weighted CSR2, this outstanding farm is comprised primarily of productive Marshall silty clay loam, Exira silty clay loam, and Judson-Colo-Ackmore complex soils. The gently rolling landscape provides both exceptional productivity and picturesque views across vibrant emerald fields of soybeans. The farm is currently cash rented at $300 per tillable acre, generating $78,132 in dependable annual rental income. In addition, three wind turbine leases provide approximately $30,000 annually, bringing the farm's total annual income to approximately $108,132. This diversified income stream creates an outstanding opportunity for investors seeking reliable cash flow while benefiting from the long-term appreciation of premium Iowa farmland. Whether you're an investor looking to diversify your portfolio or an owner-operator seeking to expand your operation with quality, income-producing acres, this property checks every box. Audubon County has long been recognized for its deeply rooted agricultural heritage, strong farming community, and commitment to crop production.
Property Highlights
Property Type: Land - Farm
Total Acres: 273.00 Acres
Zoning: Agriculture
General Information
County: Audubon
Listed By:
Midwest Land Group LLC
515-401-2281
No Coast MLS
MLS ID: 6340812
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0000 Falcon Avenue, Audubon, IA 50025.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $3,599,358 | $3,599,358 |
| Down Payment | $125,978 | $719,872 |
| Monthly Mortgage Amount | $21,760 | $17,964 |
| Taxes | $5009 | $5009 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,159 | $0 |
| Monthly Estimated Total | $29,978 | $24,023 |
Brenda Schmidt
REALTOR®
Cell: (563) 570-1430
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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