Keystone , Keystone, NE 69144(Keith County)

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, Range37 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, Range36West of the 6th P.M. Keith County, NE Section 6: N1/2 Section 31: ALL