SUMMARY
With a 12 year term, 2008-2020, a cash flow in 2012 of $130,000, and a future value of $830,495, the annual pre-tax compounded return on timber only is 10.39%. Growth and product estimates are predictable. Should stumpage prices increase, the yield increases. The estimated 10.39% annual return results from biological growth.
A hunting lease provides a yearly cash flow of $4,042.50. Property taxes to Screven and Jenkins Counties for 2008 were $3,883. This property can be protected by the Conservation Use Covenant, which will substantially reduce annual property taxes.
Road frontage is as follows:
Perkins/Hiltonia Road ....... 7,397 feet (paved)
Fred Chance Road ............ 5,557 feet (paved)
Dirt road .............................. 1,930 feet
There is a good interior road system providing access to all parts of the property.
Soils are very productive for timber growth with estimated site index of 65 to 70 feet at age 25. There is a current recorded plat.
Land value history shows positive appreciation. The Turkey Ridge Tract is situated between the metro areas of Augusta and Savannah. Land will continue to show positive returns over time as the population of Georgia increases to 12 million by 2030.
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