1993 Southshore Drive

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1993 Southshore Drive

Ellston, IA 50074
Asking Price
$369K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The land parcel measures 0.376 acres in total size.
  • Property is situated at 1993 Southshore Drive in Ellston.
  • The site is currently listed for sale at 369000 dollars.
  • Located within the rural landscape of Ringgold County Iowa.
  • Coordinates for this specific plot are 40.8483 and -94.0850.

What's Special

Ellston serves as a quiet community within Ringgold County, characterized by its rural setting and regional agricultural focus. This 0.376-acre land parcel at 1993 Southshore Drive provides a practical footprint for development in a setting that values space and accessibility. The lot size suits various land use applications, allowing prospective owners to consider residential or small-scale commercial integration depending on local municipal requirements. The property benefits from the regional connectivity afforded by the surrounding Iowa landscape, offering a straightforward site for those seeking to establish a foothold in a developing rural market. Investors looking for manageable acreage in an established community will find this site serves as a functional foundation for future projects.

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NOI
$80,000
Cap Rate
21.68%
DSCR
3.65
Strong
Cash-on-Cash
52.48%
Monthly Payment
$1,825.611
Annual Cash Flow
$58,092.672

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