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Maxeys Mill Rd
Cumberland, VA 23040
Asking Price
$1.57M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 368.48 acres <ul><li>Solid timberland/recreational investment opportunity located just east of the Cumberland Courthouse with frontage along the east side of Maxeys Mill Rd (CR646)</li><li>Site offers varied terrain with a strong interior road system offering optimal access</li><li>Timber comprised of 164+/-acs planted in pines (‘14), 100.5+/-acs planted in pines (‘20) with the remaining balance in mature mixed bottomland hardwoods</li><li>Productive wildlife habitat with frontage along Maxey Creek suppo
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NOI
$80,000
Cap Rate
5.08%
DSCR
0.86
Underwater
Cash-on-Cash
-2.86%
Monthly Payment
$7,792.241
Annual Cash Flow
$-13,506.888
