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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Portsmouth, VA
Listed for sale 1 day ago
$ 249,900
ROI
34.2
Cash Flow/m
1006- 4 Bed
- 2 Bath
- 1600 sft
4019 Garwood Ave, Portsmouth, VA, 23701
Listed for sale 2 days ago
$ 295,000
ROI
24.6Cash Flow/m
397- 3 Bed
- 2 Bath
- 1420 sft
1717 A St, Portsmouth, VA, 23704
Listed for sale 2 days ago
$ 215,000
ROI
31.9Cash Flow/m
727- 3 Bed
- 1 Bath
- 1102 sft
2011 Columbus Ave, Portsmouth, VA, 23704
Listed for sale 2 days ago
$ 297,500
ROI
24.6Cash Flow/m
400- 3 Bed
- 2 Bath
- 1427 sft
1101 Blair St, Portsmouth, VA, 23704
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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