Norfolk, VA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Norfolk, VA. Based on 50+ datapoints.
Norfolk, VA Long-Term Rental Investment Snapshot
Based on 50+ long-term rental datapoints
Median Cap Rate
4.7%
Avg Cash on Cash
-8.2%
Median Cashflow
-$435/mo
Avg Rent Estimate
$2,231/mo
Avg Price
$353,058
Price Range
$239,500 - $525,000
Rent to Price
0.63%
low ratio
Positive Cashflow
6%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Norfolk, VA
Norfolk, VA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.7%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 50+ analyzed properties, the median monthly cashflow in Norfolk, VA is -$435 with average rents of $2,231/month. Properties range from $239,500 to $525,000, offering entry points across multiple investment budgets.
Norfolk, VA Rental Market Insights
- •Median cashflow is -$435/month — careful deal selection is essential here
- •4.7% median cap rate is typical of appreciation-focused markets
- •At 6% positive cashflow rate, Norfolk, VA requires selective property picks
- •Mid-to-upper tier market with properties from $239,500 to $525,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs