Investment Properties for Sale in Vernon, MI
$ 254,900
ROI
20.3
Cash Flow/m
35- 3 Bed
- 2 Bath
- 1603 sft
315 E Main St, Vernon, MI, 48476
$ 333,900
ROI
20.4Cash Flow/m
58- 4 Bed
- 3 Bath
- 2240 sft
202 N Church St, Vernon, MI, 48476
$ 269,900
ROI
21.4Cash Flow/m
123- 4 Bed
- 2 Bath
- 1924 sft
218 E Main St, Vernon, MI, 48476
$ 175,000
ROI
28.1Cash Flow/m
408- 3 Bed
- 1 Bath
- 918 sft
419 E Water St, Vernon, MI, 48476
Why Invest in Vernon, Michigan?
Investing in Vernon, MI offers a unique opportunity in a small-town setting with solid rental yields and attractive cap rates. Whether focusing on single-family homes or multi-unit properties, investors can expect an average ROI near 7%, supported by steady appreciation rates of around 3%. The rental market shows promising cash flow with average rents close to $900 and a renter occupancy just over 45%, making Vernon a favorable environment for long-term real estate investments.
7%
Avg. ROI
6.2%
Rental Yield
5.8%
Cap Rate
$350/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Vernon, MI is approximately 6.2%, reflecting healthy returns for property investors.
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