Under $300K Investment Properties for Sale in Merritt Island, FL
Listed for sale 6 days ago
$ 264,990
ROI
29.6
Cash Flow/m
725- 3 Bed
- 3 Bath
- 1464 sft
Pearson Interior Unit Plan, Banyan Point, Merritt Island, FL, 32953
Motivated Seller
$ 175,000
ROI
24.0Cash 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
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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