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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
Listed for sale 1 day ago
$ 189,900
ROI
23.9
Cash Flow/m
221- 2 Bed
- 2 Bath
- 1037 sft
120 Summer Pl APT 1, Merritt Island, FL, 32953
Motivated Seller
Listed for sale 5 days ago
$ 199,900
ROI
23.9Cash Flow/m
227- 3 Bed
- 2 Bath
- 1604 sft
512 Orange Ave, Merritt Island, FL, 32952
Fix & Flip
Listed for sale 6 days ago
$ 125,000
ROI
23.5Cash Flow/m
131- 2 Bed
- 2 Bath
- 840 sft
1825 Orris Ave, Merritt Island, FL, 32952
Listed for sale 6 days ago
$ 300,000
ROI
29.3Cash Flow/m
799- 3 Bed
- 2 Bath
- 1344 sft
310 Norwood 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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