Under $200K Investment Properties for Sale in Vernon, AL

Property at 2881 Old Highway 18, Vernon, AL
$ 129,900
ROI
34.7ROI percentage
Cash Flow/m
Dollar sign540
  • 3 Bed
  • 2 Bath
  • 1372 sft
2881 Old Highway 18, Vernon, AL, 35592
Property at 369 Finch St NW, Vernon, AL
$ 179,900
ROI
31.4ROI percentage
Cash Flow/m
Dollar sign581
  • 3 Bed
  • 2 Bath
  • 1509 sft
369 Finch St NW, Vernon, AL, 35592
Property at 4457 Old Highway 18, Vernon, AL
$ 199,900
ROI
30.4ROI percentage
Cash Flow/m
Dollar sign590
  • 3 Bed
  • 2 Bath
  • 1377 sft
4457 Old Highway 18, Vernon, AL, 35592
Property at 8391 Highway 18, Vernon, AL
$ 149,900
ROI
27.1ROI percentage
Cash Flow/m
Dollar sign306
  • 3 Bed
  • 2 Bath
  • 1694 sft
8391 Highway 18, Vernon, AL, 35592

Why Invest in Vernon, Alabama?

Investing in Vernon, AL offers an opportunity to find properties under $200k, making it ideal for budget-conscious investors. With an average rental yield around 8% and a cap rate of approximately 10%, the local market shows promising potential. The city's population growth and increasing demand for affordable housing further strengthen the investment landscape.

15%
Avg. ROI
8%
Rental Yield
10%
Cap Rate
$250/mo
Avg. Cash Flow
$800/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rent in Vernon is approximately $800 per month, making it an affordable option for both tenants and investors.

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