Best Virginia Beach Zip Codes for Rentals

[Kevin R.]

I am looking to acquire rental properties in Virginia Beach, VA and was wondering if anyone out there had an idea of which zip codes better lend themselves to acceptable cash flows.

Any insight would be appreciated!!

[Patti Robertson]

There is not a direct relationship of rent price to purchase price in our 7 cities.  Sales price varies much greater than rent.  Because of that, the high sales prices in Virginia Beach make it the worst city to invest in if your goal is high rental cash flow.  If your goal is to grow equity, Virginia Beach would be a good match for your goal.  Most neighborhoods in Chesapeake are similar to Va Beach.  

How are you planning to finance your purchase?  The length of amortization will greatly affect your monthly cashflow.  Whatever your financing plan, the 5 other cities in Hampton Roads will give you a better monthly cashflow than VB & Ches, all things being equal.