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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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 5 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 6 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 7 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, particularly in properties under $300k, is an excellent opportunity for both new and seasoned investors. With an average rental yield of 7% and an appreciation rate of 4%, it’s an attractive market to consider. The area's strong job growth and healthy rental demand ensure good cash flow potential for property owners.
12%
Avg. ROI
7%
Rental Yield
9%
Cap Rate
$250/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average price of homes in Merritt Island currently hovers around $280,000, making it a competitive market for buyers considering options under $300k.
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