12980 Town Road
About This Property
114 acres of PRIME JACKSON COUNTY LAND for sale! Here's your chance to grab 114 acres +/- of prime whitetail deer and turkey habitat in one of the best areas that Michigan has to offer! Located in NW Jackson County and within the confines of the oldest QDM co-op in Michigan. The Springbrook QDM Co-Op. Approx 50% of this ground is tillable and currently being farmed so there is an opportunity for a good farm lease income while keeping those animals on the property. This farm has it all! Wooded cover as well as plenty of other cover. Lots of areas to bed and to fawn in the spring time as well as water. A perfect offering at a perfect time
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2021 | Sold | ||
| Sold | |||
| Oct 20, 2020 | Listed by Michigan Whitetail Properties | $359,000 | |
| Listed by Michigan Whitetail Properties | |||
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About Jackson
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20048686
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