Is North Merritt Island, FL a good place to invest in rental property?

North Merritt Island, FL has a median modeled monthly cash flow of $-1,341 and a median cap rate of 3.2%, on a median sold price of $599,000. Prices changed -4.6% year over year.

What is the average cap rate in North Merritt Island, FL?

The median cap rate across recently sold homes in North Merritt Island, FL is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Merritt Island, FL?

The median sold price in North Merritt Island, FL is $599,000 (about $236 per square foot).

Investing in North Merritt Island, FL Real Estate

A data-driven snapshot of the North Merritt Island, 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.

$599,000Median sold price

$236Median $/sqft

3.2%Median cap rate

$-1,341Modeled cash flow / mo

-4.6%Appreciation YoY

21.2Months of supply

138Active listings

78Sold (last 12 mo)

What the North Merritt Island numbers say

In North Merritt Island, FL, the median home sold for $599,000 (about $236 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,341 of monthly cash flow. Sold prices moved -4.6% over the past year. Inventory sits at about 21.2 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.

🔨 See 3 fix-and-flip deals in North Merritt Island — listings where the estimated after-repair value beats list price + rehab.

Other Florida markets to compare

See North Merritt Island cash-flowing listings

CashFlowRE ranks every for-sale home in North Merritt Island, 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 North Merritt Island deals, or browse the national market data.