3147 Joe Marsh Drive
About This Property
The home has been refreshed with updated paint throughout, freshly painted decks and porches, and remodeled porch and barn decking. Inside, you'll find spacious bedrooms, a large loft, a welcoming entryway, and a kitchen with a generous walk-in pantry.
Outside, enjoy a 48x36 barn with an air-conditioned work area, a 36x24 powered boat barn with room for three boats, multiple storage buildings, a four-dog kennel, raised flower bed, and a large cook shed perfect for entertaining.
Whether you're looking for a full-time home, weekend getaway, family retreat, or recreational property, this one has so much to offer! Conveniently located less than an hour from Fort Novosel and approximately 1.5 hours from Panama City Beach, with lakes, springs, creeks, and the Choctawhatchee River nearby.
Peace, privacy, ponds, and plenty of room to enjoy the outdoors--schedule your showing today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Listed by Keller Williams Realty Southeast Alabama | $699,000 | |
| Listed by Keller Williams Realty Southeast Alabama | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017