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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
Fix & Flip
$ 140,040
ROI
42.0
Cash Flow/m
868- 3 Bed
- 2 Bath
- 1694 sft
8391 Highway 18, Vernon, AL, 35592
$ 119,900
ROI
45.7Cash Flow/m
865- 3 Bed
- 2 Bath
- 1200 sft
501 6th St NW, Vernon, AL, 35592
$ 275,000
ROI
28.1Cash Flow/m
637- 3 Bed
- 2 Bath
- 3300 sft
117 6th Ct NE, Vernon, AL, 35592
$ 151,000
ROI
54.0Cash Flow/m
1440- - Bed
- 1 Bath
- 2334 sft
157 Boman 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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