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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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?
Discover **investment properties under $500K** in Norfolk, VA, offering strong entry points for cash-flowing rentals near military bases. Stable demand from Naval Station Norfolk drives consistent occupancy. Average rental yields around 7-8% with cap rates of 6-7% make these accessible. Annual appreciation of 4-5% and high renter occupancy (55%) support long-term holds. Properties here balance affordability with proximity to Hampton Roads jobs.
9.2%
Avg. ROI
7.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
Proximity to military bases ensures steady renter demand and low vacancy. Affordable entry prices yield solid cash flow around $450/month. Appreciation of 4-5% annually adds equity growth potential.
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