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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 opportunities for properties under $500k, making it an attractive option for first-time investors or those seeking affordable housing. With a cap rate around 8% and a rental yield of 10%, it’s clear that this market provides solid returns. Coupled with a moderate appreciation rate and a strong rental market, now is a great time to capitalize on Vernon’s real estate.
12%
Avg. ROI
10%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent in Vernon, AL is around $1,200 per month, making it an affordable option for many. This aligns well with the local income levels and rental market trends.
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