Under $500K Investment Properties for Sale in Merritt Island, FL

Property at 1485 Holly Ave, Merritt Island, FL
Rental Income
Listed for sale 3 days ago
$ 465,000
ROI
22.5ROI percentage
Cash Flow/m
Dollar sign351
  • 4 Bed
  • 3 Bath
  • 1871 sft
1485 Holly Ave, Merritt Island, FL, 32952
Property at 440 Pine Blvd, Merritt Island, FL
Listed for sale 4 days ago
$ 325,000
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign83
  • 4 Bed
  • 2 Bath
  • 1990 sft
440 Pine Blvd, Merritt Island, FL, 32952
Property at Pearson Interior Unit Plan, Banyan Point, Merritt Island, FL
Listed for sale 6 days ago
$ 264,990
ROI
29.6ROI percentage
Cash Flow/m
Dollar sign725
  • 3 Bed
  • 3 Bath
  • 1464 sft
Pearson Interior Unit Plan, Banyan Point, Merritt Island, FL, 32953
Property at 22 OCEAN STREET, Merritt Island, FL
Listed for sale 7 days ago
$ 349,900
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign588
  • 3 Bed
  • 2 Bath
  • 1282 sft
22 OCEAN STREET, Merritt Island, FL, 32952

Why Invest in Merritt Island, Florida?

Investing in Merritt Island, FL, offers a unique opportunity for those looking for properties under $500k. With a healthy real estate market, investors can expect a stable rental yield and potential for appreciation. The area's strong community vibe and proximity to the beach make it attractive for renters and buyers alike.

7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent for properties in Merritt Island is approximately $1,500 per month, with slight variations based on property size and location.

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