3 ms·
With rent at $230/ac and land prices at $7k+, it's about a 3% annual return. So it's more like 30+ years to break even.
by gumballhead 9y ago
With rent at $230/ac and land prices at $7k+, it's about a 3% annual return. So it's more like 30+ years to break even.
- mythrwy 9y agoAssuming the land doesn't appreciate further. (and we are pretty sure it won't depreciate to nothing)