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 Palm Bay, FL
Listed for sale today
$ 337,990
ROI
30.1
Cash Flow/m
974- 4 Bed
- 2 Bath
- 1829 sft
1250 Schayler St SW, Palm Bay, FL, 32908
Listed for sale today
$ 322,990
ROI
22.5Cash Flow/m
251- 3 Bed
- 2 Bath
- 1469 sft
434 Fairbanks St SW, Palm Bay, FL, 32908
Listed for sale today
$ 289,900
ROI
24.9Cash Flow/m
416- 3 Bed
- 2 Bath
- 1521 sft
1233 Ach Ct NW, Palm Bay, FL, 32907
Motivated Seller
Listed for sale today
$ 335,000
ROI
22.6Cash Flow/m
267- 3 Bed
- 2 Bath
- 1392 sft
722 Geary St SW, Palm Bay, FL, 32908
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.
Find Your Perfect Investment Property in Palm Bay, Florida
Explore investment opportunities by strategy, performance, or property type
