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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Melbourne, FL
Listed for sale today
$ 339,900
ROI
26.2
Cash Flow/m
606- 3 Bed
- 2 Bath
- 1586 sft
3454 Floral Palm Blvd, Melbourne, FL, 32901
Listed for sale today
$ 405,000
ROI
20.0Cash Flow/m
29- 3 Bed
- 2 Bath
- 2127 sft
3958 Saint Armens Cir S, Melbourne, FL, 32934
Listed for sale today
$ 309,000
ROI
23.3Cash Flow/m
300- 3 Bed
- 2 Bath
- 1752 sft
899 Ridge Lake Dr, Melbourne, FL, 32940
Listed for sale today
$ 139,900
ROI
23.2Cash Flow/m
134- 3 Bed
- 2 Bath
- - sft
3861 Seagate Dr #538, Melbourne, FL, 32904
Why Invest in Melbourne, Florida?
Investing in properties under $500k in Melbourne, FL, offers a unique opportunity for investors looking to tap into the growing rental market. With an average rental yield of around 6%, the area is appealing for both seasoned investors and new entrants. The city features a diverse economy with substantial job growth, making it an attractive location for renters seeking stability.
12%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for apartments in Melbourne is approximately $1,600. This figure can vary depending on the location and amenities offered.
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