Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Merritt Island, FL
Fix & Flip
Listed for sale 1 day ago
$ 190,000
ROI
24.0
Cash Flow/m
223- 3 Bed
- 1 Bath
- 896 sft
730 Sara Jane Ln, Merritt Island, FL, 32952
Currently Rented
Listed for sale 4 days ago
$ 117,800
ROI
23.5Cash Flow/m
124- 2 Bed
- 2 Bath
- 1138 sft
4585 Wood Stork Dr, Merritt Island, FL, 32953
Fix & Flip
Listed for sale 5 days ago
$ 175,000
ROI
37.9Cash Flow/m
882- 3 Bed
- 2 Bath
- 1152 sft
1320 Gary Dr, Merritt Island, FL, 32952
Listed for sale 6 days ago
$ 109,999
ROI
22.9Cash Flow/m
95- 3 Bed
- 2 Bath
- 924 sft
6838 Whaley Rd, 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
Explore investment opportunities by strategy, performance, or property type
