Contract4Deed
40 Acres — Rolling Pasture, Northern Michigan
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Gaylord, Otsego County, Michigan

40 Acres — Rolling Pasture, Northern Michigan

40 acres· $78,000 askingAvailable

Starting at

$870.38/mo

  • $7,800 down
  • 10-year term
  • 8.50% APR fixed
  • 0% platform commission

Live signals

Watching

1

buyer has starred

Matching searches

0

alerts would fire today

Effective APY

8.50%

Fixed for the full term

Days to deed

3,650

10 years on the dot

Monthly payment

$870.38

10.0% down

Equity at payoff

$78,000

In 120 months · 10 years

Cost of financing

$34,246

Total: $112,246

Equity growth

Your stake over the contract lifetime

+$70,200

from down to deed

Deed · May 2036
$78,000
Down payment$7,800 · 10.0%
$3,900 – $39,000
Advanced · adjust term & rate
Term120 months · 10 years
2 – 20 years
Interest rate8.50% APR · fixed
6% – 14%
Make this deal$870.38/mo
Continue

Next: 3-field form, then review your contract and sign.

Backwards calculator

Target a monthly payment, see the down payment required at the seller's terms (8.5% APR · 120 months).

Down required

What if there's a balloon?

Some owner-finance deals require the unpaid balance in a lump sum after a few years. See what the balloon would look like at common terms.

Educational only · does not modify the seller's contract.

The parcel

Forty acres of rolling pasture with a year-round creek, mature oak fenceline, and county-road frontage on two sides. Twenty minutes from Gaylord proper, an hour from Mackinac. Mineral rights included.

Features

  • Rolling pasture
  • Year-round creek
  • Mature oak fenceline
  • County road frontage on two sides
  • Mineral rights included

Legal description

The Southwest 1/4 of Section 14, Township 30N, Range 4W, Otsego County, Michigan, containing 40.00 acres more or less.

Parcel ID: DEMO-OTS-12345

  • Drafted under MCL §§ 600.5701–600.5760; § 565.351 et seq.; § 600.3101 et seq.
  • Memorandum recorded with the county
  • Possession at signing
  • No prepayment penalty
$870.38/mo0% commission
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