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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Palm Bay, FL
Listed for sale 1 day ago
$ 286,932
ROI
22.1
Cash Flow/m
189- 3 Bed
- 2 Bath
- 1116 sft
771 Boc Cir NW, Palm Bay, FL, 32907
$ 319,900
ROI
23.7Cash Flow/m
353- 3 Bed
- 2 Bath
- 1463 sft
1141 Salina St SE, PALM BAY, FL, 32909
Listed for sale 1 day ago
$ 309,900
ROI
23.0Cash Flow/m
277- 3 Bed
- 2 Bath
- 1654 sft
671 San Filippo Dr SE, Palm Bay, FL, 32909
$ 334,932
ROI
26.0Cash Flow/m
582- 4 Bed
- 2 Bath
- 1918 sft
886 Pyracantha St NW, PALM BAY, FL, 32907
Why Invest in Palm Bay, Florida?
Palm Bay, FL offers strong investment opportunities in homes under $500K, with affordable entry points for cash-flowing rentals. The area boasts a solid **rental yield** of 7.2% and **cap rate** around 8%, driven by growing demand from space industry workers. Annual **appreciation** averages 6.5%, while **renter-occupied** housing sits at 32%. Proximity to Kennedy Space Center supports steady job growth, making under-$500K properties ideal for long-term holds.
9.5%
Avg. ROI
7.2%
Rental Yield
8.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
6.5%
1Y Appreciation
Frequently Asked Questions
High renter demand from space industry jobs yields 7.2% returns with $420 avg cash flow. Vacancy stays low at 4.1%. Proximity to beaches adds appeal for long-term tenants.
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