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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Newport News, VA
Listed for sale 3 days ago
$ 433,000
ROI
23.8
Cash Flow/m
481- 3 Bed
- 3 Bath
- 2403 sft
807 Marquette Ct, Newport News, VA, 23602
Listed for sale 4 days ago
$ 214,900
ROI
22.1Cash Flow/m
142- 2 Bed
- 3 Bath
- 1308 sft
815 Skelton Way, Newport News, VA, 23608
$ 279,900
ROI
23.3Cash Flow/m
276- 3 Bed
- 2 Bath
- 1671 sft
7505 River Rd, Newport News, VA, 23607
$ 155,000
ROI
19.9Cash Flow/m
7- 2 Bed
- 2 Bath
- 1200 sft
528 Rainbow Ct Unit 103, Newport News, VA, 23608
Why Invest in Newport News, Virginia?
Newport News, VA offers strong potential for condo investors seeking steady rental income in a revitalizing market. Proximity to major shipyards and military bases drives consistent demand from renters. Average rents hover around $1,500 monthly with cap rates near 6-7%. Annual appreciation of 5-7% supports long-term equity growth. Low vacancy rates under 5% ensure reliable cash flow. Hampton Roads infrastructure investments enhance property values.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
6.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 6% due to demand from shipyard workers and military personnel. Low vacancy rates and steady appreciation make them reliable. Focus on City Center for best returns.
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