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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
$ 107,500
ROI
24.1
Cash Flow/m
129- 2 Bed
- 2 Bath
- 648 sft
200 Banana River Dr #H-11, Merritt Island, FL, 32952
$ 116,000
ROI
23.6Cash Flow/m
125- 1 Bed
- 1 Bath
- 672 sft
200 Banana River Dr #Hd14, Merritt Island, FL, 32952
$ 116,000
ROI
23.0Cash Flow/m
104- 1 Bed
- 1 Bath
- - sft
200 S Banana River Dr Lot D14, Merritt Island, FL, 32952
$ 112,500
ROI
24.2Cash Flow/m
139- 2 Bed
- 2 Bath
- 1272 sft
4316 Sea Gull Dr, Merritt Island, FL, 32953
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
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