Real Estate Investment Properties for Sale in Merritt Island, FL

Looking for investment property in Merritt Island, FL with high ROI ?

Explore a variety of short-term homes & houses in Merritt Island, FL. Invest wisely with VRBO & Merritt Island, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Arp Investment Property for Sale in Merritt Island, FL

Search for Arp Investment Property for Sale in Merritt Island, Florida. Browse all of Mashvisor’s Arp Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 112 Arp Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
840 WOODBINE DRIVE Merritt Island, FL Beautiful home in extremely desirable area. This location is perfect for relaxing, comfort...	4 beds \| 3 baths \| 2,423 sq.ft.	$789,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 3.45% Airbnb Rental Income: $2133 Traditional Rental Income: $3878 Airbnb ROI: 0.33% Traditional ROI: 3.45%
430 Breakwater Drive unit: 29 Merritt Island, FL Tucked away in the heart of Central Merritt Island, this beautifully updated ground floor ...	2 beds \| 2 baths \| 894 sq.ft.	$160,000	Airbnb cash on cash: -2.12% Traditional cash on cash: 5.27% Airbnb Rental Income: $786 Traditional Rental Income: $1596 Airbnb ROI: -2.12% Traditional ROI: 5.27%
435 S Courtenay Parkway Merritt Island, FL $5,000 TOWARDS BUYERS CLOSING COSTS! Take advantage of an opportunity and come see this mo...	4 beds \| 2 baths \| 1,360 sq.ft.	$327,500	Airbnb cash on cash: 2.91% Traditional cash on cash: 5.37% Airbnb Rental Income: $2133 Traditional Rental Income: $2346 Airbnb ROI: 2.91% Traditional ROI: 5.37%
680 Sunset Lane Merritt Island, FL Location, location, location! This solid, well-maintained home is located in desirable Sou...	4 beds \| 3 baths \| 2,540 sq.ft.	$539,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 5.33% Airbnb Rental Income: $2133 Traditional Rental Income: $3772 Airbnb ROI: 1.01% Traditional ROI: 5.33%
3083 NEWFOUND HARBOR DRIVE Merritt Island, FL Welcome to 3083 Newfound Harbor Dr, Merritt Island, a rare waterfront opportunity offering...	4 beds \| 3 baths \| 2,445 sq.ft.	$1,100,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 2.07% Airbnb Rental Income: $2133 Traditional Rental Income: $4136 Airbnb ROI: -0.42% Traditional ROI: 2.07%
135 Richland Avenue Merritt Island, FL Beautiful Pool Home with Canal Access - Move-In Ready, Fully Furnished & Turnkey. Welcome ...	3 beds \| 2 baths \| 1,414 sq.ft.	$489,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 4.41% Airbnb Rental Income: $1761 Traditional Rental Income: $3095 Airbnb ROI: 0.44% Traditional ROI: 4.41%
735 Pilot Lane unit: 314 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 4 baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: -2.08% Traditional cash on cash: 1.35% Airbnb Rental Income: $1761 Traditional Rental Income: $3658 Airbnb ROI: -2.08% Traditional ROI: 1.35%
4341 Timothy Drive Merritt Island, FL Move-in ready home in a lovely gated 55+ community. Perfect for mom or dad with a walk-in ...	3 beds \| 2 baths \| 1,622 sq.ft.	$319,900	Airbnb cash on cash: -0.43% Traditional cash on cash: 3.46% Airbnb Rental Income: $1761 Traditional Rental Income: $2448 Airbnb ROI: -0.43% Traditional ROI: 3.46%
106 VICTORIA STREET Merritt Island, FL Discover your dream home at 106 Victoria St, Merritt Island, FL 32952! This exquisite sing...	4 beds \| 5 baths \| 3,988 sq.ft.	$2,500,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 1.28% Airbnb Rental Income: $2133 Traditional Rental Income: $6642 Airbnb ROI: -0.89% Traditional ROI: 1.28%
9490 S Tropical Trail Merritt Island, FL A rare River-to-River estate on nearly 6.2 acres along prestigious S. Tropical Trail offer...	5 beds \| 6 baths \| 4,906 sq.ft.	$6,495,000	Airbnb cash on cash: -1.31% Traditional cash on cash: -0.08% Airbnb Rental Income: $2332 Traditional Rental Income: $9162 Airbnb ROI: -1.31% Traditional ROI: -0.08%
1345 Leslie Drive Merritt Island, FL This jaw-dropping home is definitely one of a kind and is move-in ready! SEPTIC, TANKLESS ...	4 beds \| 2 baths \| 2,048 sq.ft.	$650,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 2.63% Airbnb Rental Income: $2133 Traditional Rental Income: $2690 Airbnb ROI: 0.81% Traditional ROI: 2.63%
405 Norwood Street Merritt Island, FL There's No Place Like Home! And, this MCM cottage is simply adorable and move in ready wit...	3 beds \| 2 baths \| 1,282 sq.ft.	$319,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 5.5% Airbnb Rental Income: $1761 Traditional Rental Income: $2272 Airbnb ROI: 2.19% Traditional ROI: 5.5%
735 Pilot Lane unit: 510 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	2 beds \| 2 baths \| 1,344 sq.ft.	$560,000	Airbnb cash on cash: -3.95% Traditional cash on cash: 1.17% Airbnb Rental Income: $786 Traditional Rental Income: $3145 Airbnb ROI: -3.95% Traditional ROI: 1.17%
735 Pilot Lane unit: 1004 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	2 beds \| 2 baths \| 1,334 sq.ft.	$863,400	Airbnb cash on cash: -2.92% Traditional cash on cash: 0.25% Airbnb Rental Income: $786 Traditional Rental Income: $3012 Airbnb ROI: -2.92% Traditional ROI: 0.25%
480 Sail Lane unit: 705 Merritt Island, FL From the moment you step through the door, endless Intracoastal Waterway views unfold befo...	3 beds \| 2 baths \| 2,048 sq.ft.	$534,953	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.5% Airbnb Rental Income: $1761 Traditional Rental Income: $3320 Airbnb ROI: 0.41% Traditional ROI: 4.5%
140 UTOPIA CIRCLE Merritt Island, FL Luxury coastal living on 1-acre + a boat slip in Merritt Island. This home has it all: 4 b...	4 beds \| 4 baths \| 3,194 sq.ft.	$1,198,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 3.24% Airbnb Rental Income: $2133 Traditional Rental Income: $5733 Airbnb ROI: -0.48% Traditional ROI: 3.24%
2097 Hidden Grove Lane unit: 209 Merritt Island, FL REDUCED! Just 189,000 for a very spacious 3 bedrooms, 2 full bathroom with a private garag...	3 beds \| 2 baths \| 1,530 sq.ft.	$189,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 7.32% Airbnb Rental Income: $1761 Traditional Rental Income: $2446 Airbnb ROI: 0.82% Traditional ROI: 7.32%
104 PARROTFISH LANE #104 Merritt Island, FL Stunning Waterfront Townhome in in the Beautiful Cape Crossing Resort and Marina. Welcome ...	3 beds \| 3 baths \| 1,487 sq.ft.	$479,000	Airbnb cash on cash: -1.36% Traditional cash on cash: 1.82% Airbnb Rental Income: $1761 Traditional Rental Income: $2704 Airbnb ROI: -1.36% Traditional ROI: 1.82%
2245 SYKES CREEK DRIVE Merritt Island, FL Under contract-accepting backup offers. Beautiful 3-bedroom, 2-bathroom home situated in a...	3 beds \| 2 baths \| 2,217 sq.ft.	$575,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.71% Airbnb Rental Income: $1761 Traditional Rental Income: $3113 Airbnb ROI: 0.29% Traditional ROI: 3.71%
330 Melbourne Avenue Merritt Island, FL NO HOA, centrally located, closed to schools, shopping, dining and local parks. Short driv...	3 beds \| 2 baths \| 1,708 sq.ft.	$270,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 7.94% Airbnb Rental Income: $1761 Traditional Rental Income: $2714 Airbnb ROI: 2.31% Traditional ROI: 7.94%
135 S Kenneth Court Merritt Island, FL Getting to the beach in 9 minutes? Yes, please! Experience the ultimate Florida lifestyle ...	2 beds \| 1 baths \| 961 sq.ft.	$297,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.11% Airbnb Rental Income: $786 Traditional Rental Income: $1770 Airbnb ROI: -0.55% Traditional ROI: 4.11%
904 Westwood Drive Merritt Island, FL PRICE REDUCTION! Affordable and Move-in ready Merritt Island gem! This beautifully maintai...	3 beds \| 2 baths \| 1,008 sq.ft.	$279,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 6.19% Airbnb Rental Income: $1761 Traditional Rental Income: $2046 Airbnb ROI: 3.28% Traditional ROI: 6.19%
390 WAINAI Drive Merritt Island, FL Click virtual tour (or search 390 Wainai Drive on Youtube) to see video! Fully Furnished W...	4 beds \| 2 baths \| 2,660 sq.ft.	$1,495,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 1.6% Airbnb Rental Income: $2133 Traditional Rental Income: $4256 Airbnb ROI: -0.32% Traditional ROI: 1.6%
227 Norwich Street Merritt Island, FL Welcome home to your waterfront gorgeous 4 bedroom, 3 bath, 3 way split open floor plan in...	4 beds \| 3 baths \| 2,428 sq.ft.	$760,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 3.67% Airbnb Rental Income: $2133 Traditional Rental Income: $4133 Airbnb ROI: 0.08% Traditional ROI: 3.67%
1855 SANDBAR DRIVE Merritt Island, FL Under contract-accepting backup offers. Located in the desirable Waterway Manor community ...	4 beds \| 2 baths \| 1,372 sq.ft.	$485,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 3.41% Airbnb Rental Income: $2133 Traditional Rental Income: $2489 Airbnb ROI: 1.43% Traditional ROI: 3.41%
347 W Merritt Avenue Merritt Island, FL Exciting Investment Opportunity! Formerly a triplex, this property has been converted into...	4 beds \| N/A baths \| 2,243 sq.ft.	$395,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 3.92% Airbnb Rental Income: $2133 Traditional Rental Income: $2222 Airbnb ROI: 2.21% Traditional ROI: 3.92%
590 S Banana River Drive unit: 302 Merritt Island, FL WATERFRONT CONDO WITH YOUR OWN PRIVATE BOAT SLIP!! This awesome riverfront condo is a drea...	3 beds \| 3 baths \| 1,779 sq.ft.	$539,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 1.83% Airbnb Rental Income: $1761 Traditional Rental Income: $2977 Airbnb ROI: -1.54% Traditional ROI: 1.83%
735 Pilot Lane unit: 611 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	2 beds \| 2 baths \| 1,344 sq.ft.	$648,000	Airbnb cash on cash: -3.55% Traditional cash on cash: 0.79% Airbnb Rental Income: $786 Traditional Rental Income: $3091 Airbnb ROI: -3.55% Traditional ROI: 0.79%
735 Pilot Lane unit: 812 Merritt Island, FL River Fly-In is a premier Fly-In community in Merritt Island and a gem for anyone with a p...	2 beds \| 2 baths \| 1,344 sq.ft.	$745,000	Airbnb cash on cash: -3.22% Traditional cash on cash: 0.59% Airbnb Rental Income: $786 Traditional Rental Income: $3113 Airbnb ROI: -3.22% Traditional ROI: 0.59%
735 Pilot Lane unit: 908 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 4 baths \| 2,178 sq.ft.	$1,540,000	Airbnb cash on cash: -1.93% Traditional cash on cash: 0.14% Airbnb Rental Income: $1761 Traditional Rental Income: $4234 Airbnb ROI: -1.93% Traditional ROI: 0.14%
5595 EAGLE WAY Merritt Island, FL Welcome to this well-maintained 4-bedroom, 2-bath home located in the heart of North Merri...	4 beds \| 2 baths \| 2,226 sq.ft.	$539,900	Airbnb cash on cash: 1.35% Traditional cash on cash: 5.76% Airbnb Rental Income: $2133 Traditional Rental Income: $3811 Airbnb ROI: 1.35% Traditional ROI: 5.76%
470 Sundoro Court Merritt Island, FL Welcome to 470 Sondoro Court, a well-positioned 4 bedroom, 2 bath waterfront home located ...	4 beds \| 2 baths \| 1,629 sq.ft.	$629,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 3.81% Airbnb Rental Income: $2133 Traditional Rental Income: $3501 Airbnb ROI: 0.55% Traditional ROI: 3.81%
535 BARRETT DRIVE Merritt Island, FL Under contract-accepting backup offers. BACK ON MARKET - BUYER FINANCING FELL THROUGH ...	3 beds \| 2 baths \| 1,350 sq.ft.	$459,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.28% Airbnb Rental Income: $1761 Traditional Rental Income: $2452 Airbnb ROI: 0.56% Traditional ROI: 3.28%
1795 Dogwood Drive Merritt Island, FL This move-in-ready, fully furnished 3-bedroom, 2-bath pool home (with easy conversion pote...	3 beds \| 2 baths \| 1,762 sq.ft.	$399,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 3.98% Airbnb Rental Income: $1761 Traditional Rental Income: $2356 Airbnb ROI: 1.1% Traditional ROI: 3.98%
135 Artemis Boulevard Merritt Island, FL Gorgeous water frontage! Not only navigable, but a nice long view across the water... not ...	4 beds \| 2 baths \| 2,225 sq.ft.	$550,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 4.93% Airbnb Rental Income: $2133 Traditional Rental Income: $3741 Airbnb ROI: 0.74% Traditional ROI: 4.93%
821 Del Rio Way unit: 301 #301 Merritt Island, FL Amazing opportunity to own in Harbor Del Rio, located in the heart of Merritt Island. This...	3 beds \| 2 baths \| 1,850 sq.ft.	$325,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 3.64% Airbnb Rental Income: $1761 Traditional Rental Income: $2662 Airbnb ROI: -0.89% Traditional ROI: 3.64%
1545 Cunningham Avenue Merritt Island, FL Here is an opportunity to own a home that is in a good neighborhood and has good bones. It...	3 beds \| 1 baths \| 1,148 sq.ft.	$219,000	Airbnb cash on cash: 3.26% Traditional cash on cash: 7.85% Airbnb Rental Income: $1761 Traditional Rental Income: $2229 Airbnb ROI: 3.26% Traditional ROI: 7.85%
1460 Hannah Drive Merritt Island, FL Welcome to 1460 Hannah Drive! Adorable and updated, this waterfront pool home is MOVE IN R...	3 beds \| 2 baths \| 1,392 sq.ft.	$585,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.03% Airbnb Rental Income: $1761 Traditional Rental Income: $3367 Airbnb ROI: 0.21% Traditional ROI: 4.03%

Your search for investment property begins and ends here

Arp Investment Property for Sale in Merritt Island, FL

840 WOODBINE DRIVE

Merritt Island, FL

4 beds | 3 baths | 2,423 sq.ft.

$789,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 3.45%

Airbnb Rental Income: $2133

Traditional Rental Income: $3878

Airbnb ROI: 0.33%

Traditional ROI: 3.45%

430 Breakwater Drive unit: 29

Merritt Island, FL

2 beds | 2 baths | 894 sq.ft.

$160,000

Airbnb cash on cash: -2.12%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $786

Traditional Rental Income: $1596

Airbnb ROI: -2.12%

Traditional ROI: 5.27%

435 S Courtenay Parkway

Merritt Island, FL

4 beds | 2 baths | 1,360 sq.ft.

$327,500

Airbnb cash on cash: 2.91%

Traditional cash on cash: 5.37%

Airbnb Rental Income: $2133

Traditional Rental Income: $2346

Airbnb ROI: 2.91%

Traditional ROI: 5.37%

680 Sunset Lane

Merritt Island, FL

4 beds | 3 baths | 2,540 sq.ft.

$539,900

Airbnb cash on cash: 1.01%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $2133

Traditional Rental Income: $3772

Airbnb ROI: 1.01%

Traditional ROI: 5.33%

3083 NEWFOUND HARBOR DRIVE

Merritt Island, FL

4 beds | 3 baths | 2,445 sq.ft.

$1,100,000

Airbnb cash on cash: -0.42%

Traditional cash on cash: 2.07%

Airbnb Rental Income: $2133

Traditional Rental Income: $4136

Airbnb ROI: -0.42%

Traditional ROI: 2.07%

135 Richland Avenue

Merritt Island, FL

3 beds | 2 baths | 1,414 sq.ft.

$489,900

Airbnb cash on cash: 0.44%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $1761

Traditional Rental Income: $3095

Airbnb ROI: 0.44%

Traditional ROI: 4.41%

735 Pilot Lane unit: 314

Merritt Island, FL

3 beds | 4 baths | 1,715 sq.ft.

$745,000

Airbnb cash on cash: -2.08%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $1761

Traditional Rental Income: $3658

Airbnb ROI: -2.08%

Traditional ROI: 1.35%

4341 Timothy Drive

Merritt Island, FL

3 beds | 2 baths | 1,622 sq.ft.

$319,900

Airbnb cash on cash: -0.43%

Traditional cash on cash: 3.46%

Airbnb Rental Income: $1761

Traditional Rental Income: $2448

Airbnb ROI: -0.43%