Under $200K 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
$ 149,900
ROI
24.6Cash Flow/m
202- 2 Bed
- 2 Bath
- 1440 sft
4521 Wood Stork Dr, Merritt Island, FL, 32953
$ 169,500
ROI
23.2Cash Flow/m
162- 2 Bed
- 2 Bath
- 1026 sft
200 S Banana River Dr Lot E15, Merritt Island, FL, 32952
$ 141,500
ROI
24.7Cash Flow/m
195- 2 Bed
- 2 Bath
- 960 sft
200 S Banana River Dr #G18, 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.
Find Your Perfect Investment Property in Merritt Island, Florida
Explore investment opportunities by strategy, performance, or property type
