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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 1 day ago
$ 284,900
ROI
21.4
Cash Flow/m
133- 2 Bed
- 2 Bath
- 1355 sft
1540 Eldwick Dr #203, Chesapeake, VA, 23320
$ 305,000
ROI
27.0Cash Flow/m
613- 3 Bed
- 3 Bath
- 1870 sft
4314 Farringdon Way, CHESAPEAKE, VA, 23321
Listed for sale 1 day ago
$ 294,900
ROI
20.6Cash Flow/m
73- 2 Bed
- 2 Bath
- 1355 sft
1540 Eldwick Dr #303, Chesapeake, VA, 23320
Listed for sale 1 day ago
$ 614,000
ROI
20.9Cash Flow/m
134- 4 Bed
- 3 Bath
- 2445 sft
1912 Merano Ln, Chesapeake, VA, 23322
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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