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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Vernon, MI
$ 295,000
ROI
20.2
Cash Flow/m
34- 8 Bed
- 7 Bath
- 5064 sft
310 E Main St, Vernon, MI, 48476
$ 200,000
ROI
26.4Cash Flow/m
368- 2 Bed
- 1 Bath
- 1032 sft
227 N Walnut St, Vernon, MI, 48476
$ 164,900
ROI
27.8Cash Flow/m
369- 3 Bed
- 2 Bath
- 1056 sft
211 N Maple St, Vernon, MI, 48476
$ 230,000
ROI
25.9Cash Flow/m
394- 3 Bed
- 2 Bath
- 1244 sft
437 E Main St, Vernon, MI, 48476
Why Invest in Vernon, Michigan?
Investing in Vernon, MI, particularly in high rental yield properties, offers a compelling opportunity for real estate investors. This city boasts an average rental yield of 9.2%, with strong cap rates around 7.5%. The average cash flow from rental properties is approximately $1,200 monthly, supported by average rents near $950. Appreciation rates remain steady at about 3% annually, driven by stable renter occupancy of 88%. These metrics highlight Vernon as an ideal location for investors seeking solid returns in Michigan.
8%
Avg. ROI
9.2%
Rental Yield
7.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Vernon, MI is approximately 9.2%, making it an attractive market for rental property investors.
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