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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
Fix & Flip
Listed for sale 1 day ago
$ 192,500
ROI
26.3
Cash Flow/m
352- 4 Bed
- 1 Bath
- 1200 sft
104 Effie Ave, Norfolk, VA, 23502
Listed for sale 2 days ago
$ 122,000
ROI
26.4Cash Flow/m
226- 2 Bed
- 2 Bath
- 690 sft
1050 Kane St, Norfolk, VA, 23513
Listed for sale 2 days ago
$ 140,000
ROI
25.8Cash Flow/m
234- 2 Bed
- 2 Bath
- 973 sft
937 Quail St, Norfolk, VA, 23513
Fix & Flip
Listed for sale 3 days ago
$ 175,000
ROI
26.9Cash Flow/m
350- 2 Bed
- 1 Bath
- 720 sft
5036 Lesselle Dr, Norfolk, VA, 23502
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.
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