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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 today
$ 425,000
ROI
20.3
Cash Flow/m
68- 3 Bed
- 2 Bath
- 2006 sft
1110 Glendale Ave NW, Palm Bay, FL, 32907
$ 429,990
ROI
19.9Cash Flow/m
13- 3 Bed
- 2 Bath
- 2044 sft
261 Consolata Ave NW, PALM BAY, FL, 32907
Motivated Seller
Listed for sale today
$ 149,999
ROI
23.7Cash Flow/m
164- 2 Bed
- 2 Bath
- 1302 sft
1805 Mango St NE, Palm Bay, FL, 32905
$ 373,000
ROI
23.7Cash Flow/m
413- 4 Bed
- 3 Bath
- 1990 sft
500 Harrison 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.
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