Investment Property for Sale in Indiana

Q: Which city in Indiana to invest in for highest ROI on long term rental properties in 2025

In 2025, Evansvilleis the best city to buy investment properties. Find more investment properties today!

Real Estate Investment Properties for Sale in Indiana

Looking for investment property in Indiana with high ROI ?

Explore a variety of short-term homes & houses in Indiana. Invest wisely with VRBO & Indiana Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Indiana

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
824 E Minnesota Street Indianapolis, IN This home screams modern charm! Welcome to this updated 4 bedroom, 2 bath home in Bates-He...	4 beds \| 2 baths \| 2,122 sq.ft.	$370,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 5.01% Airbnb Rental Income: $1194 Traditional Rental Income: $2267 Airbnb ROI: 0.8% Traditional ROI: 5.01%
15675 Wescott Drive Noblesville, IN Say goodbye to all the weekend yard chores. This Olthof home merges the convenience of con...	2 beds \| 2 baths \| 1,718 sq.ft.	$374,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.54% Airbnb Rental Income: $1372 Traditional Rental Income: $2230 Airbnb ROI: -0.09% Traditional ROI: 3.54%
201 Walnut Street Advance, IN Welcome home to this charming 2 bedroom, 2 bath property sitting on almost half an acre (....	2 beds \| 2 baths \| 1,056 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.58% Airbnb Rental Income: $null Traditional Rental Income: $1851 Airbnb ROI: N/A Traditional ROI: 8.58%
8660 Fawn Way McCordsville, IN Better than new! This beautifully updated home near Geist Reservoir features upgraded floo...	3 beds \| 3 baths \| 2,263 sq.ft.	$389,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.97% Airbnb Rental Income: $1588 Traditional Rental Income: $2283 Airbnb ROI: 0.83% Traditional ROI: 3.97%
422 W 41st Street Indianapolis, IN This newly renovated single-family residence near Butler University presents a compelling ...	3 beds \| 2 baths \| 1,328 sq.ft.	$285,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.6% Airbnb Rental Income: $1450 Traditional Rental Income: $1674 Airbnb ROI: 2.16% Traditional ROI: 4.6%
206 N Beville Avenue Indianapolis, IN Be the first to live in this fully renovated 5-bedroom, 3-bath home just minutes from the ...	5 beds \| 3 baths \| 2,850 sq.ft.	$275,000	Airbnb cash on cash: 3.68% Traditional cash on cash: 8.65% Airbnb Rental Income: $2057 Traditional Rental Income: $2814 Airbnb ROI: 3.68% Traditional ROI: 8.65%
17 N Randolph Street Indianapolis, IN Step into this beautifully maintained classic Four Square home offering timeless charm wit...	3 beds \| 2 baths \| 1,822 sq.ft.	$265,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 5.95% Airbnb Rental Income: $939 Traditional Rental Income: $2041 Airbnb ROI: 0.16% Traditional ROI: 5.95%
2016 N Glenridge Drive Indianapolis, IN Charming "Updated" Bungalow will have you at Hello! This spacious 4-bedroom home offers un...	4 beds \| 1 baths \| 1,492 sq.ft.	$209,900	Airbnb cash on cash: 2.84% Traditional cash on cash: 3.74% Airbnb Rental Income: $1458 Traditional Rental Income: $1205 Airbnb ROI: 2.84% Traditional ROI: 3.74%
1444 E Elbert Street Indianapolis, IN Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting...	2 beds \| 1 baths \| 912 sq.ft.	$190,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 3.59% Airbnb Rental Income: $1172 Traditional Rental Income: $1193 Airbnb ROI: 1.35% Traditional ROI: 3.59%
4111 W Peachtree Lane Muncie, IN Welcome to this charming 3 bed, 2 bath ranch-style home featuring a beautifully refinished...	3 beds \| 2 baths \| 1,806 sq.ft.	$229,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 7.65% Airbnb Rental Income: $1450 Traditional Rental Income: $2097 Airbnb ROI: 2.7% Traditional ROI: 7.65%
1140 Hoyt Avenue Indianapolis, IN Welcome to 1140 Hoyt Ave-an updated 4-bedroom, 1.5-bath home located just minutes from the...	4 beds \| 2 baths \| 1,831 sq.ft.	$295,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 3.95% Airbnb Rental Income: $982 Traditional Rental Income: $1703 Airbnb ROI: 0.09% Traditional ROI: 3.95%
429 N Pennsylvania Street #904 Indianapolis, IN Must See!! Luxurious downtown 2 bed / 2.5 bath 9th floor penthouse condo in popular Resid...	2 beds \| 3 baths \| 2,745 sq.ft.	$1,395,000	Airbnb cash on cash: -2.86% Traditional cash on cash: -1.23% Airbnb Rental Income: $991 Traditional Rental Income: $2760 Airbnb ROI: -2.86% Traditional ROI: -1.23%
5626 Massachusetts Street Merrillville, IN Welcome to your perfect starter home or investment property! This 1,536 sq. ft. two-story ...	3 beds \| 2 baths \| 1,536 sq.ft.	$199,900	Airbnb cash on cash: 8.71% Traditional cash on cash: 6.47% Airbnb Rental Income: $3018 Traditional Rental Income: $1901 Airbnb ROI: 8.71% Traditional ROI: 6.47%
1413 S New Jersey Street Indianapolis, IN Here's a super charming 2 bed 2 bath house on the best street in the heart of Bates-Hendri...	2 beds \| 2 baths \| 882 sq.ft.	$230,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.71% Airbnb Rental Income: $978 Traditional Rental Income: $1302 Airbnb ROI: 0.61% Traditional ROI: 3.71%
2250 N Capitol Avenue Indianapolis, IN Come check out this amazingly beautiful, very spacious and totally renovated house that wi...	4 beds \| 3 baths \| 2,751 sq.ft.	$439,900	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.12% Airbnb Rental Income: $1436 Traditional Rental Income: $2552 Airbnb ROI: 0.38% Traditional ROI: 4.12%
6336 Green Leaves Road Indianapolis, IN Welcome to this charming all-brick ranch in the desirable Devonshire neighborhood of Washi...	3 beds \| 2 baths \| 2,006 sq.ft.	$349,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.23% Airbnb Rental Income: $1763 Traditional Rental Income: $2299 Airbnb ROI: 2.13% Traditional ROI: 5.23%
450 E Ohio Street #118 Indianapolis, IN Discover the ultimate urban lifestyle at The Packard! This lovely condo is everything you'...	2 beds \| 3 baths \| 1,711 sq.ft.	$399,000	Airbnb cash on cash: -3.15% Traditional cash on cash: 1.55% Airbnb Rental Income: $991 Traditional Rental Income: $2395 Airbnb ROI: -3.15% Traditional ROI: 1.55%
1009 Broadway Street Indianapolis, IN Location, Location, Location! This 3-bed 1.5 bath townhouse with nearly 2,000 square feet ...	3 beds \| 2 baths \| 1,942 sq.ft.	$310,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.64% Airbnb Rental Income: $1097 Traditional Rental Income: $2002 Airbnb ROI: 0.26% Traditional ROI: 4.64%
5512 Lunsford Drive Indianapolis, IN Welcome to this charming and fully updated 3-bedroom, 1.5-bath home located in desirable F...	3 beds \| 2 baths \| 1,290 sq.ft.	$230,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 5.79% Airbnb Rental Income: $1258 Traditional Rental Income: $1621 Airbnb ROI: 2.29% Traditional ROI: 5.79%
10644 Pintail Lane Indianapolis, IN Welcome to this beautifully maintained 5-bedroom, 3-bath home in the desirable Hunters Cro...	5 beds \| 3 baths \| 2,308 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $2558 Airbnb ROI: N/A Traditional ROI: 5.87%
4242 Saffron Drive Indianapolis, IN Conveniently located near the I-65/Southport Road interchange, this 4-bedroom, 2.5-bath ho...	4 beds \| 3 baths \| 2,042 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $2421 Airbnb ROI: N/A Traditional ROI: 6.15%
9634 Maple Drive Carmel, IN	3 beds \| 3 baths \| 2,040 sq.ft.	$250,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 8.79% Airbnb Rental Income: $2601 Traditional Rental Income: $2538 Airbnb ROI: 6.42% Traditional ROI: 8.79%
50 Charing Cross Road Indianapolis, IN With 4 bedrooms, 2.5 baths, and over 2,400 sq ft, this home features No HOA, 2 car garage,...	4 beds \| 3 baths \| 2,461 sq.ft.	$355,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 5.12% Airbnb Rental Income: $1334 Traditional Rental Income: $2319 Airbnb ROI: 0.93% Traditional ROI: 5.12%
1933 Millennium Crossing Fort Wayne, IN This stunning 2,700 sq ft home offers open-concept living on a picturesque pond lot! From ...	3 beds \| 3 baths \| 1,937 sq.ft.	$383,500	Airbnb cash on cash: -0.08% Traditional cash on cash: 3.67% Airbnb Rental Income: $1416 Traditional Rental Income: $2339 Airbnb ROI: -0.08% Traditional ROI: 3.67%
8627 Tara Court Fort Wayne, IN Donât miss your chance to own this charming 3 bedroom, 2 bathroom ranch in a quiet neigh...	3 beds \| 2 baths \| 1,223 sq.ft.	$229,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.49% Airbnb Rental Income: $1369 Traditional Rental Income: $1750 Airbnb ROI: 1.82% Traditional ROI: 5.49%
4313 W Moss Lane Bloomington, IN Tucked away on a serene one-acre lot in the highly desirable Moss Wood Estates, this beaut...	4 beds \| 4 baths \| 3,596 sq.ft.	$575,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 4.54% Airbnb Rental Income: $1556 Traditional Rental Income: $3415 Airbnb ROI: 0.24% Traditional ROI: 4.54%
3782 E Regents Court Bloomington, IN Surround yourself in quality and mature trees in this beautiful brick home with walk out l...	3 beds \| 3 baths \| 2,597 sq.ft.	$697,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 1.45% Airbnb Rental Income: $2087 Traditional Rental Income: $2366 Airbnb ROI: 0.19% Traditional ROI: 1.45%
3966 N 300 E Huntington, IN BACK ON THE MARKET AT NO FAULT OF THE SELLER! Welcome to 3966 N 300 E - Where comfort meet...	4 beds \| 3 baths \| 3,364 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.66% Airbnb Rental Income: $null Traditional Rental Income: $3211 Airbnb ROI: N/A Traditional ROI: 6.66%
110 S 4th Street Decatur, IN Open House Monday 8/11 from 5-7 PM Welcome to 110 S 4th St â a spacious 2,600 sq ft hi...	5 beds \| 2 baths \| 2,600 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.37% Airbnb Rental Income: $null Traditional Rental Income: $2767 Airbnb ROI: N/A Traditional ROI: 10.37%
308 E Broad Street Angola, IN â¢â¢â¢OPEN HOUSEâ¢â¢â¢ Saturday, October 11th from 10 am- 1pm! Elegant Victorian Hom...	3 beds \| 2 baths \| 1,329 sq.ft.	$199,500	Airbnb cash on cash: 2.32% Traditional cash on cash: 8.2% Airbnb Rental Income: $1224 Traditional Rental Income: $1945 Airbnb ROI: 2.32% Traditional ROI: 8.2%
2693 Stonecrop Road Huntertown, IN Old Lima Rd not completely closed, still have access to Woods Rd Welcome home! This open...	3 beds \| 3 baths \| 1,688 sq.ft.	$275,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 6.33% Airbnb Rental Income: $1180 Traditional Rental Income: $2198 Airbnb ROI: 0.92% Traditional ROI: 6.33%
1844 Creekside Drive Brownsburg, IN Nestled at 1844 Creekside DR,, this single-family home in Brownsburg offers an attractive ...	4 beds \| 3 baths \| 2,977 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $2654 Airbnb ROI: N/A Traditional ROI: 5.33%
360 Morningside Drive Brownsburg, IN Beautiful Lake View, open living space home in a great location. Upscale neighborhood minu...	4 beds \| 3 baths \| 4,497 sq.ft.	$603,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.08% Airbnb Rental Income: $null Traditional Rental Income: $3004 Airbnb ROI: N/A Traditional ROI: 4.08%
3310 Pepper Creek Bridge Pkwy Valparaiso, IN Timeless Elegance in Valparaiso's Esteemed Pepper Creek.Situated on a pristine 2.39 acre l...	5 beds \| 5 baths \| 6,676 sq.ft.	$1,175,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.22% Airbnb Rental Income: $null Traditional Rental Income: $4907 Airbnb ROI: N/A Traditional ROI: 2.22%
291 Hunt Club Drive Valparaiso, IN Introducing a timeless and elegant residence in the exclusive estate community of Bridlewo...	4 beds \| 5 baths \| 6,506 sq.ft.	$975,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 3.44% Airbnb Rental Income: $2642 Traditional Rental Income: $4891 Airbnb ROI: 0.27% Traditional ROI: 3.44%
460 Roxbury Road Valparaiso, IN Stunning updated Shorewood Forest home situated on rarely available wooded lot. This home ...	4 beds \| 3 baths \| 3,585 sq.ft.	$549,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 3.58% Airbnb Rental Income: $2642 Traditional Rental Income: $2875 Airbnb ROI: 1.9% Traditional ROI: 3.58%
1917 E 1150 N Alexandria, IN Welcome to the home you have been waiting for! Beautiful ranch style home situated on 1 fu...	3 beds \| 2 baths \| 1,494 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.48% Airbnb Rental Income: $null Traditional Rental Income: $2341 Airbnb ROI: N/A Traditional ROI: 7.48%
2 W Old Ridge Road Hobart, IN FOR THE GARAGE ENTHUSIAST! 3 plus car garage with heat and air 200 amp air compressor, kit...	2 beds \| 2 baths \| 1,116 sq.ft.	$219,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 3.92% Airbnb Rental Income: $1317 Traditional Rental Income: $1284 Airbnb ROI: 2.12% Traditional ROI: 3.92%

Real Estate investment in Indiana

There are 13,034 properties available for sale in the state of Indiana. Evansville, Indianapolis and Bloomington are the best rental property markets in Indiana. The average median price of properties for sale in these cities are $271,300 and the average price per square foot is $0. Their average monthly cash on cash return is 5.33%.

Indiana Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 13,034 investment properties available for sale in Indiana.

In 2025, Evansville is the best city to buy investment properties. Find more investment properties today!

In 2025, Evansville (7%) and Indianapolis (5%) has the highest cash on cash return for long term rentals in Indiana.

Your search for investment property begins and ends here

Investment Property for Sale in Indiana

824 E Minnesota Street

Indianapolis, IN

4 beds | 2 baths | 2,122 sq.ft.

$370,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1194

Traditional Rental Income: $2267

Airbnb ROI: 0.8%

Traditional ROI: 5.01%

15675 Wescott Drive

Noblesville, IN

2 beds | 2 baths | 1,718 sq.ft.

$374,900

Airbnb cash on cash: -0.09%

Traditional cash on cash: 3.54%

Airbnb Rental Income: $1372

Traditional Rental Income: $2230

Airbnb ROI: -0.09%

Traditional ROI: 3.54%

201 Walnut Street

Advance, IN

2 beds | 2 baths | 1,056 sq.ft.

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.58%

Airbnb Rental Income: $null

Traditional Rental Income: $1851

Airbnb ROI: N/A

Traditional ROI: 8.58%

8660 Fawn Way

McCordsville, IN

3 beds | 3 baths | 2,263 sq.ft.

$389,900

Airbnb cash on cash: 0.83%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $1588

Traditional Rental Income: $2283

Airbnb ROI: 0.83%

Traditional ROI: 3.97%

422 W 41st Street

Indianapolis, IN

3 beds | 2 baths | 1,328 sq.ft.

$285,000

Airbnb cash on cash: 2.16%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1450

Traditional Rental Income: $1674

Airbnb ROI: 2.16%

Traditional ROI: 4.6%

206 N Beville Avenue

Indianapolis, IN

5 beds | 3 baths | 2,850 sq.ft.

$275,000

Airbnb cash on cash: 3.68%

Traditional cash on cash: 8.65%

Airbnb Rental Income: $2057

Traditional Rental Income: $2814

Airbnb ROI: 3.68%

Traditional ROI: 8.65%

17 N Randolph Street

Indianapolis, IN

3 beds | 2 baths | 1,822 sq.ft.

$265,000

Airbnb cash on cash: 0.16%

Traditional cash on cash: 5.95%

Airbnb Rental Income: $939

Traditional Rental Income: $2041

Airbnb ROI: 0.16%

Traditional ROI: 5.95%

2016 N Glenridge Drive

Indianapolis, IN

4 beds | 1 baths | 1,492 sq.ft.

$209,900

Airbnb cash on cash: 2.84%

Traditional cash on cash: 3.74%

Airbnb Rental Income: $1458

Traditional Rental Income: $1205

Airbnb ROI: 2.84%