Co Rd 324

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Co Rd 324

Paducah, TX 79248
Asking Price
$3.50M
Asset Type
Agricultural Land
Class
Class B

What's Special

541.50 acres | 336.74± Irrigated Acres (62%) | 6 primary wells | 1,650 GPM | 480V Power | 3 Pivots <p>541.50± acres of highly productive irrigated farmland in Cottle County, Texas</p><p>Approximately 336.74± irrigated acres (62%) under three 8-tower Reinke center pivots</p><p>Six primary irrigation wells reportedly producing a combined 1,650 GPM</p><p>Four additional irrigation wells reportedly in working condition, bringing the total to ten wells</p><p>Pivots reportedly nozzled for approximately 500–700 GPM each</p><p>Strong groundwater presence supporting current agricultural operations and

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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