Long Term, High Yielding CRP Investment Opportunity in Eastern Iowa

Description

Attention land investors: Whitetail Properties Real Estate is excited to offer this high-earning CRP tract near the intersection of Highway 218 and the English River. An annual income of $25,511 pencils out a 4% gross return on investment at asking price. There are two CRP contracts: 51.16 acres of CP23 Wetland Restoration Habitat pays $16,931/yr. through 2030 ($190,473 remaining payout as of 7/1/19) and 33.10 acres of CP23 Wetland Restoration Habitat pays $8,580/yr. through 2021 ($19,305 remaining payout as of 7/1/19). Since nearly all of this land is in the floodplain, it should be a strong candidate to continue enrollment in future CRP opportunities. Don’t overlook the hunting either - this habitat makes the thickest whitetail cover that I’ve ever been around, and there is significant deer sign throughout. Flooded ponds attract waterfowl as well, rounding out this excellent income-producer into a capable hunting tract. Call the listing agent for a private showing.

Property Details

  • 84 CRP acres and 11 timber acres
  • 51.16 ac. in CP23 pays $16,931/yr ($330.94/ac.) expires 9/30/2030
  • 33.10 ac. in CP23 pays $8,580/yr ($259.20/ac.) expires 9/30/2021
  • $209,778 total guaranteed CRP payout as of 7/1/2019
  • 4% ROI at asking price
  • Extremely tall native wetland habitat (grasses, forbs, small trees) make insane deer cover
  • Heavy trails throughout
  • Excellent tree stand and blind locations
  • Abundant waterfowl and turkey populations
  • On Highway 218 northbound and the English River’s south bank
  • 20 minutes to Iowa City, Coralville
  • 35 minutes to Cedar Rapids
  • Taxes approximately $2,650

Vine Avenue, Lot #WP001
Riverside, Iowa 52327