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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Merritt Island, FL
Listed for sale 3 days ago
$ 315,000
ROI
20.0
Cash Flow/m
17- 3 Bed
- 2 Bath
- 1325 sft
750 Newfound Harbor Dr, Merritt Island, FL, 32952
Listed for sale 4 days ago
$ 369,000
ROI
26.8Cash Flow/m
725- 3 Bed
- 2 Bath
- 1170 sft
1500 Glen Haven Dr, Merritt Island, FL, 32952
Listed for sale 4 days ago
$ 127,900
ROI
24.4Cash Flow/m
166- 2 Bed
- 2 Bath
- 1056 sft
1646 Dalton Pl #A-14, Merritt Island, FL, 32952
Listed for sale 4 days ago
$ 360,000
ROI
20.3Cash Flow/m
56- 3 Bed
- 2 Bath
- 1456 sft
20 Ocean St, 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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