Lucerne, MO 64655 - Putnam County

This 235 m/l acre property is located East of Newtown, MO. It features 190 m/l open tillable acres with the remaining acres being timber. The 190 m/l tillable acres have a 3 year contract beginning in 2017 at $160.00 per tillable acre. The cash rent lease gives this property a guaranteed income of $30,400.00 for the next three years! The property also has a $16.00 per acre hunting lease in place for the remainder of 2016. With those contracts already in place this property has an income of $34,160.00 and a 5% return rate!