Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Merritt Island, FL
Fix & Flip
Listed for sale 1 day ago
$ 190,000
ROI
24.0
Cash Flow/m
223- 3 Bed
- 1 Bath
- 896 sft
730 Sara Jane Ln, Merritt Island, FL, 32952
Currently Rented
Listed for sale 4 days ago
$ 117,800
ROI
23.5Cash Flow/m
124- 2 Bed
- 2 Bath
- 1138 sft
4585 Wood Stork Dr, Merritt Island, FL, 32953
Listed for sale 5 days ago
$ 374,900
ROI
21.8Cash Flow/m
214- 3 Bed
- 2 Bath
- 1400 sft
1380 Mackeral Ave, Merritt Island, FL, 32952
Fix & Flip
Listed for sale 5 days ago
$ 175,000
ROI
37.9Cash Flow/m
882- 3 Bed
- 2 Bath
- 1152 sft
1320 Gary Dr, 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.
Find Your Perfect Investment Property in Merritt Island, Florida
Explore investment opportunities by strategy, performance, or property type
