Iris Trail, Martinstown, MO 63565 - Putnam County

A very nice tillable tract that provides excellent bottom land tillable along with upland tillable. This farm has a nice return on investment from a current tillable lease agreement and hunting lease. If the new owner doesn’t want the hunting lease it can be cancelled and the new owner could hunt the farm. Farms of this size with nice rates of return are very hard to find and this is a nice property. Call today for more information or to schedule a showing.

Property Features:

- Very nice tillable income producing/investment tract

- 107 acres tillable and balance in timber and brush, creek bottom - more tillable is available with some cleanup

- Tillable land consists of super nice bottomland with the balance in upland crop land

- Tillable acreage being cash rented in 2017 for $150 per acre on 107 tillable acres on overall farm tillable acreage

- The bottom land is prime tillable and rents on the bottom portion could easily increase to $175-$190 dependent on commodity market

- Total farming income is $16,050

- Hunting lease on property for $1250 (this lease can be cancelled if new owner wishes to hunt the farm)

- Total income on farm is $17,300 which this reflects a 4.5% rate of return on investment at list price, hard to find in today’s market

- Farm is accessed off of Iris trail to the east