For Sale · Land

606 JERUSALEM HILL Road, Billings

606 JERUSALEM HILL Road, Billings, ON P0P1J0

$349,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

96%

About this property

Discover 100 acres of prime recreational and hunting land in Billings Township. This level property features a beautiful mix of hardwoods, cedar and towering tres, with trails throughout for easy access and exploring. Convenient vehicle access is available via the road allowance from Jerusalem Hill Road. A great opportunity for hunters, outdoor enthusiasts or anyone looking for a large private parcel on Manitoulin Island. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$350K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$15K

Annual cash flow

$-5K

Cash-on-cash

-4.63%

DSCR

0.75

Going-in cap

4.15%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

68,142

Households

30,183

Median income

$93,500

Median age

31.1

Daytime population

100,333

5-yr growth

6.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 606 JERUSALEM HILL Road, Billings.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.