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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Chesapeake, VA
Listed for sale today
$ 375,000
ROI
22.4
Cash Flow/m
278- 3 Bed
- 2 Bath
- 1446 sft
325 Oak Lake Run, Chesapeake, VA, 23320
Listed for sale today
$ 240,000
ROI
27.8Cash Flow/m
538- 2 Bed
- 3 Bath
- 1124 sft
3109 Big Bend Dr, Chesapeake, VA, 23321
Listed for sale today
$ 475,000
ROI
21.2Cash Flow/m
188- 4 Bed
- 3 Bath
- 2074 sft
849 Brightleaf Pl, Chesapeake, VA, 23320
Listed for sale 1 day ago
$ 174,000
ROI
22.9Cash Flow/m
153- 1 Bed
- 1 Bath
- 1135 sft
801 Poindexter St Ste 314, Chesapeake, VA, 23324
Why Invest in Chesapeake, Virginia?
Chesapeake, VA offers strong investment potential in condos, with steady appreciation around 3-4% annually. Rental yields average 5-6%, supported by a growing renter-occupied population near 30%. Cap rates hover at 5.5%, bolstered by stable cash flows from proximity to military bases and ports. The market shows competitive demand, with homes selling near list price in under 50 days. Ongoing comprehensive planning to 2045 ensures long-term housing demand growth.
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1780/mo
Avg. Rent
3.6%
1Y Appreciation
Frequently Asked Questions
Condos offer solid rental yields of 5-6% and cap rates around 5.5%, driven by military and port jobs. Steady 3-4% appreciation and low vacancy support cash flow. The city's growth plan to 2045 ensures demand.
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