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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 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
Listed for sale 1 day ago
$ 318,000
ROI
23.9Cash Flow/m
369- 3 Bed
- 2 Bath
- 1418 sft
2545 Raintree Lake Cir, Merritt Island, FL, 32953
Listed for sale 1 day ago
$ 358,500
ROI
26.7Cash Flow/m
692- 3 Bed
- 2 Bath
- 1238 sft
1315 Lester Ct, Merritt Island, FL, 32952
Listed for sale 2 days ago
$ 359,000
ROI
21.8Cash Flow/m
203- 3 Bed
- 3 Bath
- 1611 sft
1390 Mackeral Ave, 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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