Under $300K Investment Properties for Sale in Portsmouth, VA
Currently Rented
Listed for sale 1 day ago
$ 215,000
ROI
30.0
Cash Flow/m
611- 3 Bed
- 1 Bath
- 1082 sft
3816 Augustine Cir, Portsmouth, VA, 23703
Listed for sale 1 day ago
$ 240,000
ROI
30.4Cash Flow/m
710- 3 Bed
- 2 Bath
- 1040 sft
2120 Pearl St, Portsmouth, VA, 23704
Listed for sale 1 day ago
$ 135,000
ROI
25.9Cash Flow/m
230- 2 Bed
- 1 Bath
- 1284 sft
4401 South St, Portsmouth, VA, 23707
Fix & Flip
Listed for sale 1 day ago
$ 225,000
ROI
24.1Cash Flow/m
273- 4 Bed
- 2 Bath
- 2232 sft
3914 South St, Portsmouth, VA, 23707
Why Invest in Portsmouth, Virginia?
Portsmouth, VA offers strong investment opportunities in homes under $300k, with affordable entry points for single-family rentals and flips. Stable rental demand from naval base workers supports yields around 7-9%. Recent appreciation of 3-4% annually outpaces many markets. Low vacancy rates under 5% ensure consistent cash flow. Proximity to Norfolk naval facilities drives long-term renter occupancy over 50%. Cap rates of 6-8% make these properties attractive for value-add strategies.
8.5%
Avg. ROI
8.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Affordable homes under $300k offer strong cap rates of 6-8% and rental yields near 8%. Naval base proximity ensures steady tenant demand. Appreciation of 3-5% supports long-term gains.
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