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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Vernon, AL
Listed for sale 1 day ago
$ 199,900
ROI
29.3
Cash Flow/m
532- 3 Bed
- 2 Bath
- 1377 sft
4457 Old Highway 18, Vernon, AL, 35592
$ 149,900
ROI
27.1Cash Flow/m
306- 3 Bed
- 2 Bath
- 1694 sft
8391 Highway 18, Vernon, AL, 35592
$ 129,700
ROI
27.0Cash Flow/m
262- 3 Bed
- 2 Bath
- 1387 sft
42285 Highway 17, Vernon, AL, 35592
$ 145,000
ROI
34.3Cash Flow/m
586- 3 Bed
- 1 Bath
- 1458 sft
185 6th Ave NW, 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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