Real Estate Investment Properties for Sale in Monticello, IN

Looking for investment property in Monticello, IN with high ROI ?

Explore a variety of short-term homes & houses in Monticello, IN. Invest wisely with VRBO & Monticello, IN 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 Monticello, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
523 S Western Heights Loop Monticello, IN Discover this beautifully updated 3-bedroom, 2.5-bath home featuring an inviting open-conc...	3 beds \| 2 baths \| 1,838 sq.ft.	$339,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 6.01% Airbnb Rental Income: $1057 Traditional Rental Income: $2431 Airbnb ROI: 0.55% Traditional ROI: 6.01%
4335 E Arrowhead Rd Monticello, IN Charming Cape Cod with a covered front porch spanning the full width of the home and ideal...	3 beds \| 2 baths \| 2,000 sq.ft.	$325,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 6.42% Airbnb Rental Income: $1057 Traditional Rental Income: $2501 Airbnb ROI: 0.57% Traditional ROI: 6.42%
11921 W Breezy Point Dr Monticello, IN Beautifully remodeled cottage on Lake Freeman! This turnkey 3-bedroom, 2-full-bath home ha...	3 beds \| 2 baths \| 1,232 sq.ft.	$325,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 5.3% Airbnb Rental Income: $1057 Traditional Rental Income: $2120 Airbnb ROI: 0.63% Traditional ROI: 5.3%
1190 N Hinterland Ct Monticello, IN Welcome to 1190 N Hinterland Court! This expansive home offers over 3,500 finished square ...	4 beds \| 3 baths \| 3,542 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.44% Airbnb Rental Income: $null Traditional Rental Income: $3092 Airbnb ROI: N/A Traditional ROI: 5.44%
4703 E Elmer Girtz Dr Monticello, IN COME SEE A NEW BUILD ON THE LAKE!! New Construction Lake Shafer 4 bedroom 2.5 bath with...	4 beds \| 2 baths \| 2,400 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.07% Airbnb Rental Income: $null Traditional Rental Income: $3080 Airbnb ROI: N/A Traditional ROI: 4.07%
4033 N Denver Ct Monticello, IN New Construction 3 bedroom/3 full bath Ranch Style with Walkout basement & Main Lake Shafe...	3 beds \| 3 baths \| 2,707 sq.ft.	$797,500	Airbnb cash on cash: -0.25% Traditional cash on cash: -0.02% Airbnb Rental Income: $1057 Traditional Rental Income: $863 Airbnb ROI: -0.25% Traditional ROI: -0.02%
5413 E Fairbanks Ct Monticello, IN MOTIVATED SELLER, SELLER SAYS SELL, HUGE PRICE REDUCTION!! Best Views on Lake Shafer with ...	4 beds \| 3 baths \| 4,236 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.72% Airbnb Rental Income: $null Traditional Rental Income: $3116 Airbnb ROI: N/A Traditional ROI: 2.72%
1602 N Brandywine Ct Monticello, IN Riverfront retreat, fully loaded and move-in ready! This immaculate 3-bed, 2-bath raised r...	3 beds \| 2 baths \| 2,350 sq.ft.	$549,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.89% Airbnb Rental Income: $1057 Traditional Rental Income: $2740 Airbnb ROI: -0.1% Traditional ROI: 3.89%
3146 N West Shafer Dr Monticello, IN Welcome to this stunning new construction home located on the Tippicanoe Country Club Golf...	3 beds \| 2 baths \| 2,028 sq.ft.	$319,900	Airbnb cash on cash: 0.91% Traditional cash on cash: 6.27% Airbnb Rental Income: $1057 Traditional Rental Income: $2304 Airbnb ROI: 0.91% Traditional ROI: 6.27%
3964 N Lake Rd 24 Rd E Monticello, IN Remodeled lake home on Keen's Creek. 3 bedrooms and 2 baths are just the tip of what this ...	3 beds \| 2 baths \| 1,504 sq.ft.	$284,900	Airbnb cash on cash: 0.66% Traditional cash on cash: 7.08% Airbnb Rental Income: $1057 Traditional Rental Income: $2414 Airbnb ROI: 0.66% Traditional ROI: 7.08%
5124 N Point Park Ct Monticello, IN Updated and all new!! This beautiful home has been completely updated included the roof, ...	3 beds \| 2 baths \| 2,292 sq.ft.	$228,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 10.73% Airbnb Rental Income: $1057 Traditional Rental Income: $2806 Airbnb ROI: 0.93% Traditional ROI: 10.73%
4386 E Luse Rd Monticello, IN Peaceful Retreat with Space to Roam, Just South of Monticello Escape the hustle and embra...	4 beds \| 3 baths \| 3,624 sq.ft.	$434,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.77% Airbnb Rental Income: $null Traditional Rental Income: $3037 Airbnb ROI: N/A Traditional ROI: 5.77%
5063 NW Shafer Dr Monticello, IN BIG PRICE DROP 2 bedroom Main Lake Shafer Cottage with Wide Panoramic Views of Lake. Perfe...	2 beds \| N/A baths \| 368 sq.ft.	$225,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.22% Airbnb Rental Income: $914 Traditional Rental Income: $1122 Airbnb ROI: 0.64% Traditional ROI: 3.22%
4915 E White Point Dr Monticello, IN This cozy home is the perfect blend of comfort and convenience. Featuring vinyl siding and...	1 beds \| 1 baths \| 834 sq.ft.	$92,500	Airbnb cash on cash: 1.09% Traditional cash on cash: 9.04% Airbnb Rental Income: $590 Traditional Rental Income: $1020 Airbnb ROI: 1.09% Traditional ROI: 9.04%
1204 E Ohio Street Monticello, IN Don't miss the opportunity toÂ own a lake home that is ideally situated close to everythin...	5 beds \| 4 baths \| 3,495 sq.ft.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.08% Airbnb Rental Income: $null Traditional Rental Income: $4459 Airbnb ROI: N/A Traditional ROI: 2.08%
5220 E Wenz Dr Monticello, IN Charming Waterfront Home on Lake Shafer. Enjoy lake life in this inviting 2-bedroom, 1-bat...	2 beds \| 2 baths \| 960 sq.ft.	$374,500	Airbnb cash on cash: -0.04% Traditional cash on cash: 4.65% Airbnb Rental Income: $914 Traditional Rental Income: $2220 Airbnb ROI: -0.04% Traditional ROI: 4.65%
4954 E Bayfront Ct Monticello, IN 5 bed/4 full bath Lake Shafer/Kean's bay 2 house Beauty with a Classy mixture of modern up...	5 beds \| 4 baths \| 4,378 sq.ft.	$1,175,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $4702 Airbnb ROI: N/A Traditional ROI: 2.51%
4372 N Shorewood Ct Monticello, IN Enjoy lake living at its finest with this 2-bedroom, 2-bath waterfront home on Lake Shafer...	2 beds \| 2 baths \| 1,188 sq.ft.	$499,900	Airbnb cash on cash: -0.96% Traditional cash on cash: 2.49% Airbnb Rental Income: $914 Traditional Rental Income: $2183 Airbnb ROI: -0.96% Traditional ROI: 2.49%
7563 E 600 Rd N Monticello, IN This well-kept country ranch home built in 2005 offers; a 2 car att. & a finished 32x24 po...	2 beds \| 1 baths \| 1,158 sq.ft.	$299,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.44% Airbnb Rental Income: $914 Traditional Rental Income: $1707 Airbnb ROI: 0.42% Traditional ROI: 4.44%
6506 E 250 N Monticello, IN Recently updated two bedroom, two bath ranch style home with an attached two car garage si...	2 beds \| 2 baths \| 1,144 sq.ft.	$229,900	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.89% Airbnb Rental Income: $914 Traditional Rental Income: $1608 Airbnb ROI: 0.33% Traditional ROI: 4.89%
505 W Marion St Monticello, IN Charming 4-bedroom, 2-bath home on Marion Street! Enjoy relaxing on the spacious covered f...	4 beds \| 2 baths \| 1,456 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $2033 Airbnb ROI: N/A Traditional ROI: 6.64%
3580 N West Shafer Dr Monticello, IN New construction by Majestic Custom Homes of Lafayette. Majestic Custom Homes of Lafayett...	3 beds \| 2 baths \| 1,953 sq.ft.	$399,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 4.47% Airbnb Rental Income: $1057 Traditional Rental Income: $2461 Airbnb ROI: -0.25% Traditional ROI: 4.47%
3249 N 400 east Crossroad Monticello, IN PRICE REDUCTION!! Remodeled 3 bed/2 bath Golf Course house on Back Nine at Tippecanoe Coun...	3 beds \| 2 baths \| 1,638 sq.ft.	$259,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 5.97% Airbnb Rental Income: $1057 Traditional Rental Income: $2040 Airbnb ROI: 0.47% Traditional ROI: 5.97%
206 Royalwood Dr Monticello, IN Welcome to the Barkley by Majestic Custom Homes of Lafayette located in the Sycamore Estat...	3 beds \| 2 baths \| 1,720 sq.ft.	$349,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 4.65% Airbnb Rental Income: $1057 Traditional Rental Income: $2217 Airbnb ROI: 0.01% Traditional ROI: 4.65%
9978 N State Road 119 Monticello, IN Charming 3-bedroom, 2-bath farmhouse full of character and country appeal! This 1Â½-story ...	3 beds \| 2 baths \| 1,900 sq.ft.	$160,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 10.76% Airbnb Rental Income: $1057 Traditional Rental Income: $2093 Airbnb ROI: 1.59% Traditional ROI: 10.76%
6369 N 1225 West Xrd Monticello, IN PRICE REDUCED!! Nestled along the scenic Tippecanoe River, this stunning river cottage re...	2 beds \| 1 baths \| 1,050 sq.ft.	$399,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.77% Airbnb Rental Income: $914 Traditional Rental Income: $1769 Airbnb ROI: -0.13% Traditional ROI: 2.77%
2406 N West Shafer Dr Monticello, IN This cute, open-concept two-bedroom home offers excellent natural light thanks to its larg...	2 beds \| 1 baths \| 806 sq.ft.	$149,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 6.47% Airbnb Rental Income: $914 Traditional Rental Income: $1237 Airbnb ROI: 1.84% Traditional ROI: 6.47%
11044 N Landings Rd Monticello, IN Discover this updated 4 bed, 2 bath lake house offering just under 2,000 finished square f...	4 beds \| 2 baths \| 1,982 sq.ft.	$479,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.59% Airbnb Rental Income: $null Traditional Rental Income: $2734 Airbnb ROI: N/A Traditional ROI: 4.59%
5790 E Glenn Arrow Dr Monticello, IN Welcome to 5790 E Glenn Arrow Drive! This home offers tranquil living in a peaceful rural...	4 beds \| 1 baths \| 1,980 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.11% Airbnb Rental Income: $null Traditional Rental Income: $2377 Airbnb ROI: N/A Traditional ROI: 7.11%
4183 E Arrowhead Rd Monticello, IN Welcome to this charming 3-bedroom, 2-bathroom ranch home nestled along the scenic fairway...	3 beds \| 2 baths \| 2,044 sq.ft.	$374,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 4.87% Airbnb Rental Income: $1057 Traditional Rental Income: $2298 Airbnb ROI: 0.3% Traditional ROI: 4.87%
602 Maple St Monticello, IN 3 bedroom, 1 bath, 1.5 story house on the South side of Monticello. Corner lot with street...	3 beds \| 1 baths \| 1,502 sq.ft.	$169,575	Airbnb cash on cash: 1.89% Traditional cash on cash: 7.11% Airbnb Rental Income: $1057 Traditional Rental Income: $1536 Airbnb ROI: 1.89% Traditional ROI: 7.11%
11810 W 820 North Xrd Monticello, IN 3.90 acre Lake Freeman Multi-Purpose Commercial/Residential Property with (3) separate par...	4 beds \| 2 baths \| 2,682 sq.ft.	$1,199,990	Airbnb cash on cash: N/A Traditional cash on cash: 1.08% Airbnb Rental Income: $null Traditional Rental Income: $2802 Airbnb ROI: N/A Traditional ROI: 1.08%
5638 E 400 N Monticello, IN Welcome to this stunning 4-bedroom, 3.5-bathroom home offering a total of 2,620 square fee...	4 beds \| 3 baths \| 2,620 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $2507 Airbnb ROI: N/A Traditional ROI: 5.42%
511 S South Park Drive Monticello, IN This inviting four-bedroom home features a new contemporary fireplace that anchors the ope...	4 beds \| 1 baths \| 1,310 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $1560 Airbnb ROI: N/A Traditional ROI: 4.93%
614 N Illinois St Monticello, IN Welcome to this delightful 2 bedroom, 1.5 bath shotgun/bungalow style home located at 614 ...	2 beds \| 1 baths \| 2,050 sq.ft.	$190,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 7.47% Airbnb Rental Income: $914 Traditional Rental Income: $1878 Airbnb ROI: 0.59% Traditional ROI: 7.47%
5434 Norway Rd Monticello, IN Perfect Location with Lake Shafer Views and Golf Course access/Views. This new build ranch...	3 beds \| 2 baths \| 1,667 sq.ft.	$327,500	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.98% Airbnb Rental Income: $1057 Traditional Rental Income: $2193 Airbnb ROI: 0.1% Traditional ROI: 4.98%
5416 Norway Rd Monticello, IN Lake Shafer Views and Golf Course Views/access. This new construction ranch-style home off...	3 beds \| 2 baths \| 1,447 sq.ft.	$297,500	Airbnb cash on cash: 0.29% Traditional cash on cash: 5.14% Airbnb Rental Income: $1057 Traditional Rental Income: $2049 Airbnb ROI: 0.29% Traditional ROI: 5.14%
4359 E Blueberry Dr Monticello, IN Beautifully renovated and close to the water, this gorgeous split bedroom ranch is ready f...	3 beds \| 2 baths \| 1,604 sq.ft.	$379,999	Airbnb cash on cash: 0.53% Traditional cash on cash: 5.43% Airbnb Rental Income: $1057 Traditional Rental Income: $2439 Airbnb ROI: 0.53% Traditional ROI: 5.43%
2408 N West Shafer Dr Monticello, IN This cute, cozy, and low-maintenance home with one bedroom ?plus a loft has been renovated...	1 beds \| 1 baths \| 443 sq.ft.	$119,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 5.63% Airbnb Rental Income: $590 Traditional Rental Income: $913 Airbnb ROI: 0.32% Traditional ROI: 5.63%
6805 E Palmer Dr Monticello, IN 6805 E Palmer Dr, Monticello, IN 47960 \| Manufactured Home	3 beds \| 2 baths \| 1,280 sq.ft.	$165,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 6.17% Airbnb Rental Income: $1057 Traditional Rental Income: $1355 Airbnb ROI: 1.96% Traditional ROI: 6.17%

Real Estate investment in Monticello, IN

There are 97 properties for sale in the city of Monticello . The median list price in Monticello is $322,450 and the average price per square foot is $189. In March 2026, the average monthly cash on cash return in Monticello is 5.00%. The average monthly rental income in Monticello is $2,219.

Monticello, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 97 investment properties available for sale in Monticello.

In 2026, the best neighborhood to buy investment property is Monticello.

The ROI for Short-Term is higher than the Long-Term in Monticello with average rental income of $1,057.

Your search for investment property begins and ends here

Investment Property for Sale in Monticello, IN

523 S Western Heights Loop

Monticello, IN

3 beds | 2 baths | 1,838 sq.ft.

$339,000

Airbnb cash on cash: 0.55%

Traditional cash on cash: 6.01%

Airbnb Rental Income: $1057

Traditional Rental Income: $2431

Airbnb ROI: 0.55%

Traditional ROI: 6.01%

4335 E Arrowhead Rd

Monticello, IN

3 beds | 2 baths | 2,000 sq.ft.

$325,000

Airbnb cash on cash: 0.57%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1057

Traditional Rental Income: $2501

Airbnb ROI: 0.57%

Traditional ROI: 6.42%

11921 W Breezy Point Dr

Monticello, IN

3 beds | 2 baths | 1,232 sq.ft.

$325,000

Airbnb cash on cash: 0.63%

Traditional cash on cash: 5.3%

Airbnb Rental Income: $1057

Traditional Rental Income: $2120

Airbnb ROI: 0.63%

Traditional ROI: 5.3%

1190 N Hinterland Ct

Monticello, IN

4 beds | 3 baths | 3,542 sq.ft.

$460,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.44%

Airbnb Rental Income: $null

Traditional Rental Income: $3092

Airbnb ROI: N/A

Traditional ROI: 5.44%

4703 E Elmer Girtz Dr

Monticello, IN

4 beds | 2 baths | 2,400 sq.ft.

$599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.07%

Airbnb Rental Income: $null

Traditional Rental Income: $3080

Airbnb ROI: N/A

Traditional ROI: 4.07%

4033 N Denver Ct

Monticello, IN

3 beds | 3 baths | 2,707 sq.ft.

$797,500

Airbnb cash on cash: -0.25%

Traditional cash on cash: -0.02%

Airbnb Rental Income: $1057

Traditional Rental Income: $863

Airbnb ROI: -0.25%

Traditional ROI: -0.02%

5413 E Fairbanks Ct

Monticello, IN

4 beds | 3 baths | 4,236 sq.ft.

$749,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.72%

Airbnb Rental Income: $null

Traditional Rental Income: $3116

Airbnb ROI: N/A

Traditional ROI: 2.72%

1602 N Brandywine Ct

Monticello, IN

3 beds | 2 baths | 2,350 sq.ft.

$549,900

Airbnb cash on cash: -0.1%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1057

Traditional Rental Income: $2740

Airbnb ROI: -0.1%