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000 N Sparrow Ln
Mount Vernon, IL 62864
Asking Price
$295K
Asset Type
Timber Land
Class
Class B
What's Special
51.32± acres all timber property on the edge of town <ul><li>51.32± acres on the edge of Mount Vernon, Illinois</li><li>Located in the TIF (Tax Increment Financing) District</li><li>Entirely timbered property</li><li>Amazing bow hunting opportunities</li><li>Located within Mount Vernon city limits</li><li>Great deer sign throughout the property</li><li>Excellent deer history in the area</li><li>Multiple deer jumped while walking the property<ul></ul></li><li>Road frontage on the west side</li><li>Potential second access from the east sid
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NOI
$80,000
Cap Rate
27.11%
DSCR
4.57
Strong
Cash-on-Cash
70.58%
Monthly Payment
$1,459.944
Annual Cash Flow
$62,480.668
