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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Merritt Island, FL
$ 594,000
ROI
20.2
Cash Flow/m
29- 3 Bed
- 3 Bath
- 2525 sft
134 Starboard Ln APT 701, Merritt Island, FL, 32953
$ 189,900
ROI
21.3Cash Flow/m
83- 1 Bed
- 1 Bath
- 719 sft
225 S Tropical Trl APT 506, Merritt Island, FL, 32952
$ 500,000
ROI
23.9Cash Flow/m
570- 3 Bed
- 3 Bath
- 1743 sft
540 S Banana River Dr APT 105, Merritt Island, FL, 32952
Currently Rented
$ 179,000
ROI
25.6Cash Flow/m
293- 2 Bed
- 2 Bath
- 1037 sft
275 Spring Dr APT 7, Merritt Island, FL, 32953
Why Invest in Merritt Island, Florida?
Investing in condos in Merritt Island offers a unique opportunity to capitalize on Florida's thriving real estate market. With a strong rental yield and potential for appreciation, the Merritt Island condo market presents a lucrative investment for both seasoned investors and newcomers. The area's growth in tourism and proximity to major employment hubs further enhances the attractiveness of this investment option.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent for condos in Merritt Island is around $1,500 per month, reflecting the area's growing demand for rental properties.
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