Merritt Island, FL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Merritt Island, FL. Based on 10+ datapoints.
Merritt Island, FL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.7%
Avg Cash on Cash
-7.5%
Median Cashflow
-$690/mo
Avg Rent Estimate
$2,784/mo
Avg Price
$448,231
Price Range
$299,000 - $636,400
Rent to Price
0.62%
low ratio
Positive Cashflow
15%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Merritt Island, FL
Merritt Island, FL is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.7%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Merritt Island, FL is -$690 with average rents of $2,784/month. Properties range from $299,000 to $636,400, offering entry points across multiple investment budgets.
300 River Island St, Merritt Island, FL 32953
Price
$442,100
Rent
$3,881
CachFlow
$187
CoC
2.42
1035 Molaki Dr, Merritt Island, FL 32953
Price
$504,100
Rent
$2,252
CachFlow
-$1,452
CoC
-16.46
Merritt Island, FL Rental Market Insights
- •Median cashflow is -$690/month — careful deal selection is essential here
- •4.7% median cap rate is typical of appreciation-focused markets
- •At 15% positive cashflow rate, Merritt Island, FL requires selective property picks
- •Mid-to-upper tier market with properties from $299,000 to $636,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs