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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 2 days ago
$ 445,990
ROI
25.4
Cash Flow/m
705- 3 Bed
- 2 Bath
- 1382 sft
395 BACARDI Drive, Merritt Island, FL, 32953
Listed for sale 4 days ago
$ 454,700
ROI
22.7Cash Flow/m
369- 4 Bed
- 2 Bath
- 1734 sft
5515 Eagle Way, Merritt Island, FL, 32953
Listed for sale 5 days ago
$ 315,000
ROI
20.1Cash Flow/m
34- 3 Bed
- 2 Bath
- 1512 sft
160 CARIB DRIVE, Merritt Island, FL, 32952
$ 395,000
ROI
22.4Cash Flow/m
289- 3 Bed
- 2 Bath
- 1468 sft
1400 Eddy 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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