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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
$ 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
$ 295,000
ROI
29.9Cash Flow/m
832- 3 Bed
- 1 Bath
- 1008 sft
116 1st St, 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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