High Rental Yield 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, 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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