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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family 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 single-family homes in Vernon, MI offers a promising opportunity for steady returns and rental income. The local market shows an average ROI of 6.2%, with rental yields around 7%, indicating strong demand among renters. The cap rate is favorable at 5.5%, complemented by an average monthly cash flow of $450. Average rent prices have reached $1,150, with a stable appreciation rate of 2.8% annually. Approximately 52% of housing in the area is renter-occupied, reflecting an active rental market.
6.2%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1150/mo
Avg. Rent
2.8%
1Y Appreciation
Frequently Asked Questions
The average ROI for single-family homes in Vernon, MI is approximately 6.2%, reflecting a favorable investment climate supported by rental demand.
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