3201 Mormon Trail

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3201 Mormon Trail

Ellston, IA 50074
Asking Price
$135K
Asset Type
Land
Class
Class B

AI Property Summary

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

  • Parcel of land available for purchase at 3201 Mormon Trail
  • Total lot size measures 0.14 acres within the Ellston area
  • Asking price for the property is set at $135,000
  • Property is located in a rural sector of Iowa
  • Suitable site for various small-scale development or land use projects

What's Special

This land parcel is currently for sale, providing a distinct acquisition option for buyers interested in the Ellston, Iowa market. Comprising 0.14 acres, the site is positioned along Mormon Trail, offering a foundational footprint for various development possibilities. The property is situated within a quiet, rural setting that characterizes much of this region of Iowa, where land use remains predominantly agricultural and localized in scale. Investors or individuals seeking to establish a presence in Ringgold County may find this plot suitable for a variety of small-scale projects or private use cases. Its location near local transit routes provides connectivity to neighboring townships, while the manageable size of the tract simplifies site planning and development processes. Prospective buyers have the flexibility to evaluate this parcel for potential land banking or specific project development needs aligned with local county regulations.

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NOI
$80,000
Cap Rate
59.26%
DSCR
9.98
Strong
Cash-on-Cash
177.74%
Monthly Payment
$667.906
Annual Cash Flow
$71,985.124

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