Under $500K Investment Properties for Sale in Vernon, AL
Listed for sale 7 days ago
$ 459,900
ROI
23.0
Cash Flow/m
420- 6 Bed
- 3 Bath
- 3941 sft
147 Aberdeen Rd, Vernon, AL, 35592
$ 225,000
ROI
29.5Cash Flow/m
613- 5 Bed
- 3 Bath
- 2344 sft
177 4th St SW, Vernon, AL, 35592
$ 129,900
ROI
34.7Cash Flow/m
540- 3 Bed
- 2 Bath
- 1372 sft
2881 Old Highway 18, Vernon, AL, 35592
$ 179,900
ROI
31.4Cash Flow/m
581- 3 Bed
- 2 Bath
- 1509 sft
369 Finch St 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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