Chesapeake Investment Analysis

Investment Property in Chesapeake, VA

Home Investment Performance Rent Prices Top Properties Top Neighborhoods Insights

Chesapeake, VA Real Estate Investment Performance

PROPERTY SALE PRICE

$417,547

Median

2,256

Avg/Sq.ft.

CASH ON CASH RETURN

4.00%

Traditional

2.00%

Airbnb

RENTAL INCOME

$ 2,537

Traditional

$ 1,840

Airbnb

RENTAL INCOME

$ 2,537

Traditional

$ 1,840

Airbnb

NUMBER OF PROPERTIES

1,826

Investment

457

Airbnb

123

Traditional

28%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

1,033

Number of homes sold

26

Median days on market

100%

Average sale-to-list price ratio

17%

Percentage of listings with price drops

1,826

Active listings count

1,312

New listings count

2.0

Months of supply

Chesapeake, VA Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,000	$ 1,442	$ 1,965	$ 2,178
Traditional	$ 1,739	$ 1,910	$ 2,434	$ 2,900

Airbnb

1 ROOM	$ 1,000
2 ROOMS	$ 1,442
3 ROOMS	$ 1,965
4 ROOMS	$ 2,178

Traditional

1 ROOM	$ 1,739
2 ROOMS	$ 1,910
3 ROOMS	$ 2,434
4 ROOMS	$ 2,900

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Chesapeake, VA

$249,000

MLS 2611383

3604 Bosun Drive, Chesapeake, VA 23321

Western Branch South

Single Family Residential

4 beds 2 baths 1,528 sq.ft.

CAP RATE Trad. 7.95% Airbnb 8.47%

Analyze Property

$200,000

MLS 10625660

809 Parapet Road, Chesapeake, VA 23323

Deep Creek North

Other

4 beds 3 baths 1,932 sq.ft.

CAP RATE Trad. 10.91% Airbnb 6.55%

Analyze Property

$179,900

MLS 10628151

4061 Holly Cove Drive, Chesapeake, VA 23321

Western Branch South

Townhouse

3 beds 2 baths 1,280 sq.ft.

CAP RATE Trad. 8.24% Airbnb 5.46%

Analyze Property

$179,900

MLS 10632726

1608 Ohio Street, Chesapeake, VA 23324

South Norfolk

Single Family Residential

3 beds 1 baths 1,321 sq.ft.

CAP RATE Trad. 7.58% Airbnb 5.34%

Analyze Property

$350,000

MLS 10643022

4209 Quailshire Court, Chesapeake, VA 23321

Western Branch South

Other

4 beds 3 baths 2,272 sq.ft.

CAP RATE Trad. 6.64% Airbnb 5.26%

Analyze Property

$367,000

MLS 10641329

4163 River Breeze Circle, Chesapeake, VA 23321

Western Branch South

Other

4 beds 3 baths 2,350 sq.ft.

CAP RATE Trad. 6.19% Airbnb 5.20%

Analyze Property

$205,000

MLS 10641522

1811 Hoover Avenue, Chesapeake, VA 23324

South Norfolk

Single Family Residential

3 beds 1 baths 860 sq.ft.

CAP RATE Trad. 6.17% Airbnb 4.70%

Analyze Property

$199,900

MLS 10635979

1233 Transylvania Avenue, Chesapeake, VA 23324

South Norfolk

Other

3 beds 2 baths 1,812 sq.ft.

CAP RATE Trad. 9.35% Airbnb 4.58%

Analyze Property

Single Family Houses for Sale in Chesapeake, VA

$249,000

MLS 2611383

3604 Bosun Drive, Chesapeake, VA 23321

Western Branch South

Single Family Residential

4 beds 2 baths 1,528 sq.ft.

CAP RATE Trad. 7.95% Airbnb 8.47%

Analyze Property

$179,900

MLS 10632726

1608 Ohio Street, Chesapeake, VA 23324

South Norfolk

Single Family Residential

3 beds 1 baths 1,321 sq.ft.

CAP RATE Trad. 7.58% Airbnb 5.34%

Analyze Property

$205,000

MLS 10641522

1811 Hoover Avenue, Chesapeake, VA 23324

South Norfolk

Single Family Residential

3 beds 1 baths 860 sq.ft.

CAP RATE Trad. 6.17% Airbnb 4.70%

Analyze Property

$414,900

MLS 10643474

1920 Ames Circle W, Chesapeake, VA 23321

Western Branch South

Single Family Residential

4 beds 2 baths 1,735 sq.ft.

CAP RATE Trad. 4.06% Airbnb 4.45%

Analyze Property

$200,000

MLS 10627735

1317 Yeadon Road, Chesapeake, VA 23324

Indian River

Single Family Residential

3 beds 1 baths 1,254 sq.ft.

CAP RATE Trad. 7.17% Airbnb 4.42%

Analyze Property

$221,000

MLS 10603995

837 Providence Road, Chesapeake, VA 23325

Indian River

Single Family Residential

3 beds 2 baths 1,180 sq.ft.

CAP RATE Trad. 7.02% Airbnb 3.88%

Analyze Property

$227,900

MLS 10641568

2041 Lockard Avenue, Chesapeake, VA 23320

Indian River

Single Family Residential

3 beds 1 baths 1,000 sq.ft.

CAP RATE Trad. 5.46% Airbnb 3.83%

Analyze Property

$250,000

MLS 10632701

1104 Railroad AVE, Chesapeake, VA 23324

South Norfolk

Single Family Residential

3 beds 3 baths N/A sq.ft.

CAP RATE Trad. 7.19% Airbnb 3.79%

Analyze Property

Condos for Sale in Chesapeake, VA

$370,000

MLS 10642424

1601 Thomason Trail, Chesapeake, VA 23320

Greenbrier East

Condo/Coop

4 beds 3 baths 1,994 sq.ft.

CAP RATE Trad. 5.77% Airbnb 4.41%

Analyze Property

$169,000

MLS 10640882

3325 CLOVER MEADOWS Drive, Chesapeake, VA 23321

Western Branch North

Condo/Coop

2 beds 2 baths 960 sq.ft.

CAP RATE Trad. 7.86% Airbnb 4.29%

Analyze Property

$190,000

MLS 2619195

747 Ridge Circle, Chesapeake, VA 23320

Greenbrier West

Condo/Coop

2 beds 3 baths 1,254 sq.ft.

CAP RATE Trad. 8.64% Airbnb 3.61%

Analyze Property

$309,000

MLS 10641791

4 Harbor Watch Drive #508, Chesapeake, VA 23320

Great Bridge

Condo/Coop

3 beds 2 baths 1,762 sq.ft.

CAP RATE Trad. 5.28% Airbnb 3.40%

Analyze Property

$225,000

MLS 10634762

700 Rapidan River Court #F, Chesapeake, VA 23320

Greenbrier West

Condo/Coop

2 beds 2 baths 908 sq.ft.

CAP RATE Trad. 5.27% Airbnb 3.00%

Analyze Property

$210,000

MLS 10638211

717 Inlet Quay #H, Chesapeake, VA 23320

Greenbrier West

Condo/Coop

2 beds 2 baths 1,120 sq.ft.

CAP RATE Trad. 5.91% Airbnb 2.97%

Analyze Property

$234,999

MLS 10640332

315 Gainsborough Square, Chesapeake, VA 23320

Greenbrier West

Condo/Coop

2 beds 2 baths 961 sq.ft.

CAP RATE Trad. 5.43% Airbnb 2.87%

Analyze Property

$230,000

MLS 10642377

1214 Loose Strife Place, Chesapeake, VA 23320

Greenbrier West

Condo/Coop

2 beds 2 baths 1,037 sq.ft.

CAP RATE Trad. 5.49% Airbnb 2.80%

Analyze Property

Townhouses for Sale in Chesapeake, VA

$179,900

MLS 10628151

4061 Holly Cove Drive, Chesapeake, VA 23321

Western Branch South

Townhouse

3 beds 2 baths 1,280 sq.ft.

CAP RATE Trad. 8.24% Airbnb 5.46%

Analyze Property

$195,000

MLS 10639351

509 Harbour N Drive, Chesapeake, VA 23320

Greenbrier West

Townhouse

2 beds 2 baths 1,164 sq.ft.

CAP RATE Trad. 6.48% Airbnb 3.97%

Analyze Property

$239,900

MLS 10643144

824 Huntly Drive, Chesapeake, VA 23320

Greenbrier West

Townhouse

3 beds 2 baths 1,268 sq.ft.

CAP RATE Trad. 5.82% Airbnb 3.79%

Analyze Property

$262,570

MLS 10642025

2510 King Court, Chesapeake, VA 23324

Indian River

Townhouse

3 beds 2 baths 1,462 sq.ft.

CAP RATE Trad. 5.69% Airbnb 3.49%

Analyze Property

$255,000

MLS 10642169

74 Colonial Way, Chesapeake, VA 23325

Indian River

Townhouse

3 beds 2 baths 1,292 sq.ft.

CAP RATE Trad. 5.14% Airbnb 3.29%

Analyze Property

$202,000

MLS 10636592

3208 Clover Road E, Chesapeake, VA 23321

Western Branch North

Townhouse

2 beds 2 baths 1,020 sq.ft.

CAP RATE Trad. 6.32% Airbnb 3.25%

Analyze Property

$329,900

MLS 10638540

508 Long Point, Chesapeake, VA 23322

Great Bridge

Townhouse

3 beds 3 baths 1,328 sq.ft.

CAP RATE Trad. 4.24% Airbnb 3.21%

Analyze Property

$440,000

MLS 10640661

909 Long Beeches Avenue, Chesapeake, VA 23320

Greenbrier East

Townhouse

4 beds 3 baths 2,188 sq.ft.

CAP RATE Trad. 3.90% Airbnb 3.13%

Analyze Property

Top Chesapeake, VA Neighborhoods - Real Estate Market Analysis

Greenbrier West

72%

72% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.50%

Traditional

5.85%

Airbnb

RENTAL INCOME

$ 1,714

Traditional

$ 2,481

Airbnb

60%

Airbnb occupancy rate

Analyze neighborhood

South Norfolk

70%

70% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.84%

Traditional

9.83%

Airbnb

RENTAL INCOME

$ 1,309

Traditional

$ 3,627

Airbnb

56%

Airbnb occupancy rate

Analyze neighborhood

Indian River

58%

58% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.17%

Traditional

3.17%

Airbnb

RENTAL INCOME

$ 1,499

Traditional

$ 2,061

Airbnb

48%

Airbnb occupancy rate

Analyze neighborhood

Western Branch North

58%

58% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.13%

Traditional

7.71%

Airbnb

RENTAL INCOME

$ 1,555

Traditional

$ 2,558

Airbnb

51%

Airbnb occupancy rate

Analyze neighborhood

Deep Creek North

48%

48% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.45%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,528

Traditional

$ 2,086

Airbnb

51%

Airbnb occupancy rate

Analyze neighborhood

Great Bridge

47%

47% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.22%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,797

Traditional

N/A

Airbnb

49%

Airbnb occupancy rate

Analyze neighborhood

Western Branch South

45%

45% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

3.89%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,708

Traditional

$ 1,444

Airbnb

38%

Airbnb occupancy rate

Analyze neighborhood

Greenbrier East

44%

44% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

3.54%

Traditional

3.42%

Airbnb

RENTAL INCOME

$ 1,829

Traditional

$ 2,541

Airbnb

48%

Airbnb occupancy rate

Analyze neighborhood

Deep Creek South

41%

41% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

4.17%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,783

Traditional

$ 1,924

Airbnb

47%

Airbnb occupancy rate

Analyze neighborhood

Great Bridge East

31%

31% Mashmeter

PROPERTY PRICE

$360,000

Median for city

CAP RATE

3.45%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,757

Traditional

$ 6,537

Airbnb

45%

Airbnb occupancy rate

Analyze neighborhood

Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale

Airbnb Vacation Rentals in Chesapeake, VA

$123 per night Airbnb occupancy rate 61%

Guesthouse 1 · 0 · 2

Private Guesthouse, Ghent/Downtown near ODU, EVMS Norfolk, Virginia, United States

Rental Income: $2,286 per month

4.97

706

$109 per night Airbnb occupancy rate 52%

Guest suite 1 · 0 · 4

Sweet Suite! Chesapeake, Virginia, United States

Rental Income: $1,735 per month

4.95

663

$84 per night Airbnb occupancy rate 30%

Guest suite 0 · 0 · 3

Guest Suite Studio w/ Kitchenette & Private bath. Virginia Beach, Virginia, United States

Rental Income: $763 per month

4.82

517

$104 per night Airbnb occupancy rate 34%

Guest suite 0 · 0 · 4

Purple Room- Rare Luxury Ste w/prkg - 1 of a kind! Chesapeake, Virginia, United States

Rental Income: $1,083 per month

4.97

387

$74 per night Airbnb occupancy rate 41%

Guest suite 0 · 0 · 2

Small & Cozy Guest Suite w/ Private Bath & Jet-Tub Virginia Beach, Virginia, United States

Rental Income: $913 per month

4.8

374

$75 per night Airbnb occupancy rate 43%

Guest suite 1 · 0 · 3

Casino Private suite in lovely, quiet neighborhood Portsmouth, Virginia, United States

Rental Income: $988 per month

4.75

367

$113 per night Airbnb occupancy rate 58%

Apartment 1 · 0 · 2

Cozy Ground Floor Apt in Historic Home Portsmouth, Virginia, United States

Rental Income: $1,987 per month

4.97

315

$102 per night Airbnb occupancy rate 25%

Guest suite 0 · 0 · 3

King Guest Suite - A Family Vacation Rental Chesapeake, Virginia, United States

Rental Income: $791 per month

4.92

303

Real Estate Investment Analysis - Other Cities in virginia

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Virginia Beach	$479,999	3%	2%	$2,380	$2,493	917	28%
Manassas	$575,000	3%	1%	$3,068	$1,733	248	20%
Poquoson	$525,000	2%	2%	$2,347	$2,791	119	29%

View all virginia cities

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