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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
Listed for sale 1 day ago
$ 250,000
ROI
32.2
Cash Flow/m
862- 3 Bed
- 1 Bath
- 1254 sft
3220 Lens Ave, Norfolk, VA, 23509
$ 399,000
ROI
23.7Cash Flow/m
434- 4 Bed
- 3 Bath
- 1949 sft
1077 Green St, NORFOLK, VA, 23513
Listed for sale 1 day ago
$ 315,000
ROI
30.4Cash Flow/m
935- 3 Bed
- 2 Bath
- 1587 sft
1421 Norcova Ave, Norfolk, VA, 23502
Listed for sale 1 day ago
$ 395,000
ROI
28.9Cash Flow/m
1007- 4 Bed
- 3 Bath
- 2100 sft
1082 Clements Ave, Norfolk, VA, 23513
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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