Condo Investment Properties for Sale in Chesapeake, VA
Listed for sale 2 days ago
$ 155,000
ROI
22.2
Cash Flow/m
103- 2 Bed
- 1 Bath
- 851 sft
3616 Clover Meadows Dr, Chesapeake, VA, 23321
Listed for sale 2 days ago
$ 410,000
ROI
22.5Cash Flow/m
310- 3 Bed
- 3 Bath
- 1742 sft
1427 Scoonie Pointe Dr, Chesapeake, VA, 23322
Listed for sale 2 days ago
$ 270,000
ROI
23.3Cash Flow/m
268- 2 Bed
- 2 Bath
- 1215 sft
500 Judah Way Unit 123, Chesapeake, VA, 23320
Listed for sale 3 days ago
$ 535,000
ROI
22.6Cash Flow/m
369- 3 Bed
- 3 Bath
- 2409 sft
524 Linton Cir, 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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