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3447 Highway M, Miller, MO 65707

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For Sale

$1,820,000

3 beds • 2 baths • 2,035 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $894.35
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

The numbers make sense on this one. New investment opportunity in the Agricultural sector on a +/- 10% CAP rate farm. FARM: This alfalfa-hay & grain operation features majority Class 2 soils with 50% of the farm having a NCCPI (National Commodity Crop Productivity Index) above 78.5 and 31% having a NCCPI above 86.6. The farm has approximately 46 acres of fertile bottom land adjacent to Turnback Creek in the ''Dapue Silt Loam'' soil profile, which is considered ''Prime Farmland'' by the NRCS. Save the expense of establishing a productive alfalfa stand by purchasing an existing operation that has the fertilization and management history necessary for a top producing farm. FINANCIAL: This site's yield history should attract both active and passive agricultural producers. 2024 crop rotation had Wheat, Double Crop Soybeans, and Alfalfa for baleage. We estimate a 10 percent Capitalization Rate and a potential Internal Rate of Return of nearly 16.5%. Owner financing available. Call broker for full in-depth financial analysis. IMPROVEMENTS: Take advantage of depreciation with several property improvements including service roads, a 75x100 red-iron hay barn, a 65x100 red-iron barn, other equipment barns, water well, and an all brick 1,855+/- square foot home with 3 bedrooms and 2 bathrooms.
MLS# 60290231

Courtesy Of IMO Co., INC (Carol Jones Realtors)

(417) 883-6666

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Ranch
  • Exterior Type
    Brick
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet, Laminate
  • Lot Size
    208 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 3447 Highway M, Miller, MO 65707

Home seller CENTURY 21 Performance Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Performance Realty

(417) 742-7653
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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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