Is Myrtle Grove, FL a good place to invest in rental property?

Myrtle Grove, FL has a median modeled monthly cash flow of $-192 and a median cap rate of 5.3%, on a median sold price of $233,000. Prices changed -1.3% year over year.

What is the average cap rate in Myrtle Grove, FL?

The median cap rate across recently sold homes in Myrtle Grove, FL is 5.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Myrtle Grove, FL?

The median sold price in Myrtle Grove, FL is $233,000 (about $148 per square foot).

Investing in Myrtle Grove, FL Real Estate

A data-driven snapshot of the Myrtle Grove, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$233,000Median sold price

$148Median $/sqft

5.3%Median cap rate

$-192Modeled cash flow / mo

-1.3%Appreciation YoY

12.6Months of supply

212Active listings

202Sold (last 12 mo)

What the Myrtle Grove numbers say

In Myrtle Grove, FL, the median home sold for $233,000 (about $148 per square foot), and the typical deal models out to a 5.3% cap rate with a median $-192 of monthly cash flow. Sold prices moved -1.3% over the past year. Inventory sits at about 12.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Florida markets to compare

See Myrtle Grove cash-flowing listings

CashFlowRE ranks every for-sale home in Myrtle Grove, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Myrtle Grove deals, or browse the national market data.