144 Iron Wheel Dr

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144 Iron Wheel Dr

Ellenboro, NC 28040-4714
Asking Price
$535K
Asset Type
Farm Land
Class
Class B

AI Property Summary

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

  • The property spans 30.92 acres in Ellenboro, North Carolina.
  • This farm asset is currently listed for sale at $535,000.
  • The site is situated in a rural area of Rutherford County.
  • The land is suitable for various agricultural or farming operations.
  • Investors can utilize the site for agricultural development or land banking.

What's Special

This 30.92-acre farm located in Ellenboro, North Carolina, is currently available for purchase and presents a functional option for investors or agricultural operators. The expansive tract provides sufficient acreage for those looking to expand farming operations or secure rural land holdings within the region. Situated in Rutherford County, the property benefits from the quiet character of the western North Carolina foothills, an area known for its agricultural roots and accessible terrain. The site topography allows for diverse agricultural use cases, including livestock grazing, crop production, or long-term land banking strategies. Its location off Iron Wheel Drive offers a balance of privacy and connection to the broader regional corridor, making it a viable addition to a diversified investment portfolio. Prospective buyers may find the acreage suitable for agricultural development or private estate planning as the area continues to maintain its appeal for rural property owners seeking space away from dense urban centers.

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NOI
$80,000
Cap Rate
14.95%
DSCR
2.52
Strong
Cash-on-Cash
30.05%
Monthly Payment
$2,646.888
Annual Cash Flow
$48,237.343

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