High Rental Yield Investment Properties for Sale in Norfolk, VA
Listed for sale 2 days ago
$ 275,000
ROI
27.4
Cash Flow/m
587- 2 Bed
- 2 Bath
- 1053 sft
7404 Major Ave, Norfolk, VA, 23505
$ 399,000
ROI
23.7Cash Flow/m
434- 4 Bed
- 3 Bath
- 1949 sft
1077 Green St, NORFOLK, VA, 23513
Listed for sale 2 days ago
$ 233,700
ROI
29.3Cash Flow/m
618- 3 Bed
- 1 Bath
- 952 sft
3144 Dunway St, Norfolk, VA, 23513
Listed for sale 2 days ago
$ 339,000
ROI
33.8Cash Flow/m
1320- 3 Bed
- 3 Bath
- 2448 sft
2549 Ballentine Blvd, Norfolk, VA, 23509
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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