Townhouse Investment Properties for Sale in Merritt Island, FL
Listed for sale 6 days ago
$ 264,990
ROI
29.6
Cash Flow/m
725- 3 Bed
- 3 Bath
- 1464 sft
Pearson Interior Unit Plan, Banyan Point, Merritt Island, FL, 32953
$ 289,990
ROI
26.7Cash Flow/m
560- 3 Bed
- 3 Bath
- 1463 sft
Pearson End Unit Plan, Banyan Point, Merritt Island, FL, 32953
$ 259,000
ROI
30.4Cash Flow/m
765- 3 Bed
- 3 Bath
- 1464 sft
492 Houston Ln, Merritt Island, FL, 32953
$ 259,900
ROI
26.5Cash Flow/m
491- 2 Bed
- 2 Bath
- 1184 sft
60 Bogart Pl, Merritt Island, FL, 32953
Why Invest in Merritt Island, Florida?
Investing in townhouses on Merritt Island, FL, offers a competitive edge in the real estate market. With an average rental yield of 6% and a strong appreciation rate of 4% annually, this location is poised for growth. The proximity to the Space Coast and major employers makes it ideal for long-term investment.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$1800/mo
Avg. Cash Flow
$2300/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental rate for townhouses in Merritt Island is approximately $2,300 per month.
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