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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Norfolk, VA
Listed for sale 2 days ago
$ 170,000
ROI
26.5
Cash Flow/m
318- 1 Bed
- 1 Bath
- 400 sft
215 Brooke Ave APT 311, Norfolk, VA, 23510
Listed for sale 3 days ago
$ 198,000
ROI
24.9Cash Flow/m
281- 1 Bed
- 1 Bath
- 736 sft
913 Spotswood Ave #1, Norfolk, VA, 23517
Listed for sale 4 days ago
$ 200,000
ROI
25.3Cash Flow/m
306- 2 Bed
- 1 Bath
- 945 sft
900 Colley Ave APT 1, Norfolk, VA, 23507
Currently Rented
Listed for sale 4 days ago
$ 185,000
ROI
25.4Cash Flow/m
291- 3 Bed
- 2 Bath
- 1188 sft
6975 Bonnot Dr, Norfolk, VA, 23513
Why Invest in Norfolk, Virginia?
Discover investment opportunities in Norfolk, VA under $200k, where affordable entry points meet steady rental demand. Properties in this price range often deliver solid **cap rates** around 7-9% and **rental yields** of 8-10%. The city's naval presence drives consistent **renter occupancy** at 55%, supporting reliable cash flow. With moderate appreciation of 3-4% annually, these assets offer balanced growth potential for investors.
9.5%
Avg. ROI
8.7%
Rental Yield
8.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Primarily single-family homes, condos, and townhomes, many with 2-3 bedrooms around 1,000 sqft. These suit rentals for military families. Investor-friendly fixer-uppers are common in neighborhoods like Norview and Ghent.
Find Your Perfect Investment Property in Norfolk, Virginia
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