Under $200K Investment Properties for Sale in Chesapeake, VA
153- 1 Bed
- 1 Bath
- 1135 sft
253- 3 Bed
- 2 Bath
- 1336 sft
240- 3 Bed
- 2 Bath
- 1462 sft
355- 3 Bed
- 3 Bath
- 1544 sft
Why Invest in Chesapeake, Virginia?
Chesapeake, VA offers compelling opportunities for properties under $200k, targeting budget-conscious investors seeking entry-level rentals. Stable renter demand from military families and port workers supports consistent cash flow. With average rents around $1,400 and cap rates near 7%, these affordable homes deliver solid rental yields of 8-9%. Annual appreciation of 4% enhances long-term value in this growing Hampton Roads market. Low vacancy rates under 5% make under-$200k investments reliable for passive income.
Frequently Asked Questions
Yes, single-family homes and condos under $200k are available, often 2-bed units around 900 sqft ideal for rentals. These properties attract military tenants with strong cash flow potential. Availability fluctuates, so monitor government housing data for trends.
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