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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 1 day ago
$ 185,000
ROI
21.1
Cash Flow/m
68- 2 Bed
- 2 Bath
- 1120 sft
12768 Daybreak Cir, Newport News, VA, 23602
Listed for sale 1 day ago
$ 270,000
ROI
26.4Cash Flow/m
501- 2 Bed
- 2 Bath
- 1400 sft
862 Gleneagles Dr, Newport News, VA, 23602
$ 180,000
ROI
20.5Cash Flow/m
37- 2 Bed
- 2 Bath
- 1120 sft
12846 Daybreak Cir, Newport News, VA, 23602
$ 199,000
ROI
26.8Cash Flow/m
392- 2 Bed
- 2 Bath
- 1120 sft
422 Lees Mill Dr, 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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