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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Norfolk, VA
Fix & Flip
Listed for sale 1 day ago
$ 349,000
ROI
24.3
Cash Flow/m
437- 3 Bed
- 2 Bath
- 1737 sft
1622 Wapiti Ave, Norfolk, VA, 23518
Listed for sale 1 day ago
$ 375,000
ROI
26.0Cash Flow/m
647- 3 Bed
- 3 Bath
- 1792 sft
2690 Azalea Garden Rd #B, Norfolk, VA, 23513
Listed for sale 1 day ago
$ 229,900
ROI
24.9Cash Flow/m
327- 2 Bed
- 1 Bath
- 768 sft
5108 Elmhurst Ave, Norfolk, VA, 23513
Listed for sale 1 day ago
$ 310,000
ROI
27.9Cash Flow/m
704- 3 Bed
- 3 Bath
- 1448 sft
4124 Killam Ave, Norfolk, VA, 23508
Why Invest in Norfolk, Virginia?
Norfolk, VA stands out for high rental yield investments, driven by strong military demand and affordable entry prices. The city's renter-occupied rate exceeds 56%, ensuring steady cash flow. Average rents around $1,370/month with 4.4% yearly growth support solid returns. Cap rates remain competitive at 8-10%, outperforming many Virginia markets. Port economy and naval base provide resilient tenant base year-round.
9.5%
Avg. ROI
9.2%
Rental Yield
8.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1370/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Military presence at Naval Station Norfolk creates constant tenant demand from 75,000+ personnel rotating through. Affordable purchase prices combined with $1,370 average rents yield 8-10% returns. Port jobs add workforce stability for long-term leases.
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