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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Melbourne, FL
Listed for sale 1 day ago
$ 175,000
ROI
23.4
Cash Flow/m
176- 2 Bed
- 2 Bath
- 1020 sft
2801 Sand Trap Ln #1, Melbourne, FL, 32935
$ 300,000
ROI
20.2Cash Flow/m
33- 2 Bed
- 2 Bath
- 1232 sft
6828 Toland Dr APT 306, Melbourne, FL, 32940
$ 215,000
ROI
22.6Cash Flow/m
172- 1 Bed
- 1 Bath
- 700 sft
1801 Island Club Dr #5-73, Melbourne, FL, 32903
$ 184,999
ROI
21.8Cash Flow/m
103- 2 Bed
- 1 Bath
- 964 sft
2601 Sandtrap Ln #9-A, Melbourne, FL, 32935
Why Invest in Melbourne, Florida?
Investing in a condo in Melbourne, FL offers a unique opportunity in a growing market. With an annual rental yield around 5% and average rents increasing steadily, this area is attractive to both investors and renters. The local economy is bolstered by major employers like Harris Corporation and Northrop Grumman, contributing to job stability and growth.
7%
Avg. ROI
5%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental price for a condo in Melbourne, FL is approximately $1,500 per month. However, prices can vary based on location and amenities.
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