ORIGINAL: madvilledoc
Wow that went much higher than I thought it would. $17 an acre is what you would pay for prime hunting land in Ohio - not WV. Congrats, you made an outstanding deal. As long as they are happy is all that counts. It does, however, make my WV hunting lease - 3600 acres for $8000 or a little over $2/acre look like an outstanding deal now.
3600 acres for $8,000 would be a steal for some one. How much are your taxes for one year?? How much is your insurance to cover your *** in case the hunters who lease your ground get hurt??
At $500 an acre your land would be worth $1,800,000. The interest payment alone per month would be close to your leasing price. And that would not include taxes and insurance. You should not have any problem leasing that out. Even if the property is not the best hunting around. And the property I leased is some of the best hunting around. Tom.