Condo Investment Properties for Sale in Merritt Island, FL
Motivated Seller
$ 175,000
ROI
24.0
Cash Flow/m
208- 3 Bed
- 2 Bath
- 882 sft
200 Bounty St #A2-104, Merritt Island, FL, 32952
$ 315,000
ROI
19.9Cash Flow/m
9- 2 Bed
- 2 Bath
- 1269 sft
250 S Sykes Creek Pkwy APT B708, Merritt Island, FL, 32952
$ 320,000
ROI
23.8Cash Flow/m
360- 3 Bed
- 2 Bath
- 1852 sft
821 Del Rio Way APT 502, Merritt Island, FL, 32953
Motivated Seller
$ 260,000
ROI
27.1Cash Flow/m
532- 2 Bed
- 2 Bath
- 1269 sft
250 S Sykes Creek Pkwy APT B308, Merritt Island, FL, 32952
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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