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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Merritt Island, FL
Listed for sale 1 day ago
$ 189,900
ROI
23.9
Cash Flow/m
221- 2 Bed
- 2 Bath
- 1037 sft
120 Summer Pl APT 1, Merritt Island, FL, 32953
Motivated Seller
Listed for sale 5 days ago
$ 199,900
ROI
23.9Cash Flow/m
227- 3 Bed
- 2 Bath
- 1604 sft
512 Orange Ave, Merritt Island, FL, 32952
Fix & Flip
Listed for sale 6 days ago
$ 125,000
ROI
23.5Cash Flow/m
131- 2 Bed
- 2 Bath
- 840 sft
1825 Orris Ave, Merritt Island, FL, 32952
Listed for sale 7 days ago
$ 149,900
ROI
24.0Cash Flow/m
177- 3 Bed
- 2 Bath
- 1117 sft
1645 Cove Pl, Merritt Island, FL, 32952
Why Invest in Merritt Island, Florida?
Investing in Merritt Island, FL, offers unique opportunities for those looking for properties under $200k. The area has shown a steady rental yield of around 5% and an average cash flow of $200 per month, making it attractive for first-time investors. With a cap rate of 7% and a community that remains about 75% renter-occupied, it's a promising market for real estate growth.
10%
Avg. ROI
5%
Rental Yield
7%
Cap Rate
$200/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
You can find various types of properties including single-family homes, townhouses, and some condos under $200k. The market offers options suitable for both investors and first-time buyers.
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