Keystone Meadow, Range, and CRP For Sale, New Listing Ranches, Recreational

Keystone, NE, USA
$1,200,000
  • Description
  • Map
  • Features

Description

This is a unique little ranch in Keith County, Nebraska.  There is a good set of improvements with working corrals.  The pasture has lots of live water.  There are at least 3 different springs that start on this ranch.  There is a very productive hay meadow that will produce on average a ton of meadow hay per acre.  There is also a 183 acres of CRP that produces income annually.  This would make for a great add on or an excellent hobby ranch.  There is a modest 3 bedroom house with a kitchen and a fireplace.  It located just minutes from beautiful Lake McConaughy.  There is excellent county road access as well.​

CRP – 183 acres at $35.43 / acre = $6,483

Estimated Cash Lease Income
160 acres meadow x 1 ton per acre / 2 = 80 ton
80 tons at $75.00 per ton = $6000.00
185.96 acres of CRP at $33 per acre = $6,137.00
Seller estimates = 60 pairs
60 pairs @ $55 per pair per month = $3,300 x 5 months grazing = $16,500.00
$800 per month Improvement rent x 12 months = $9,600.00
Gross Income = $38,237.00

Insurance on improvements ($1,500.00)
Liability Insurance ($1,500.00)
Real Estate Taxes ($6,301.10)
Maintenance on Improvements ($1,000.00)
Fencing Material ($500.00)
Net Income = $27,435.90

Taxes: $6,301.16

Legal Description: 

Township 14 North, Range 37 West of the 6th P.M. Keith County, NE

Section 1: E1/2E1/2 EX TR

Section 2: E1/2SE1/4 & E1/2W1/2SE1/4 LESS R.OW.

Township 14 North, Range 36 West of the 6th P.M. Keith County, NE

Section 6: N1/2

Section 31: ALL

Map

  • City: Keystone
  • State/county: Nebraska
  • Zip/Postal Code: 69144
  • Neighborhood: Keith County
  • Country: United States

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