Condo Investment Properties for Sale in Newport News, VA
Listed for sale 2 days ago
$ 180,000
ROI
20.4
Cash Flow/m
32- 2 Bed
- 2 Bath
- 947 sft
12811 Daybreak Cir, Newport News, VA, 23602
$ 170,000
ROI
19.8Cash Flow/m
2- 2 Bed
- 2 Bath
- 880 sft
288 Nantucket Pl, Newport News, VA, 23606
$ 240,000
ROI
27.4Cash Flow/m
509- 3 Bed
- 2 Bath
- 1232 sft
459 Old Colonial Way, Newport News, VA, 23608
$ 246,000
ROI
30.7Cash Flow/m
749- 3 Bed
- 2 Bath
- 1428 sft
195 Old Bridge Rd, 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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