About 2604 Mashburn Road
UNDER CONTRACT W/ CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS.Come see this phenomenal, well built 3 bedroom / 3 bathroom home located in the quiet subdivision of Hunters Trace. Boasting 1395 square feet, built in 2002, with a newer post Hurricane Michael roof, this home is conveniently located to Interstate 10 and close to everything. 2604 Mashburn Road offers the perfect refuge for a growing family or young professional. Or, be a savvy investor and pick up this property that could easily rent for a minimum of $1800 per month, and capitalize on a very short payoff period of less than 9 years. Low taxes, low insurance cost, and a giant 0.35 acre lot make this home the perfect opportunity.Marianna is one of the fastest growing areas in Florida with a flourishing job market and tons of activities for the family to love.
Put this fabulous 3 bedroom / 2 bathroom home (1395 SF) on 0.35 acres on the rental market for $1800 per month.
Taxes are $1500.35 per year, and insurance is approximately $1500 or $3000.35 annual expenses.
$1800 x 12 = $21,600 income - $3000.35 expenses = $18,599.65 annual net income.
$164,000 / $18,599.65 = 8.82 year payoff.
Anything 10 years or under is a fabulous payoff period.
This property located within the Hunters Trace subdivision in Marianna is priced at
118/sq. ft. and has been on the market for 628 days. 2604 Mashburn Road is 1395
square feet of living space and has
3
bedrooms and
2
baths
The average list price of properties in this same area is $374,622.
