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

separator

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 \| 3 baths \| 1,838 sq.ft.	$329,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.2% Airbnb Rental Income: $1057 Traditional Rental Income: $2431 Airbnb ROI: 0.6% Traditional ROI: 6.2%
5242 E Wenz Drive Monticello, IN Discover lakefront living at its finest in this custom-built home on a level lot along Lak...	4 beds \| 4 baths \| 3,470 sq.ft.	$925,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.08% Airbnb Rental Income: $null Traditional Rental Income: $4168 Airbnb ROI: N/A Traditional ROI: 3.08%
5151 S Stone Drive Monticello, IN Custom Built Main Lake Freeman Newer Home with panoramic views of Lake, top notch interior...	3 beds \| 3 baths \| 2,870 sq.ft.	$899,900	Airbnb cash on cash: -0.73% Traditional cash on cash: 2.11% Airbnb Rental Income: $1057 Traditional Rental Income: $3070 Airbnb ROI: -0.73% Traditional ROI: 2.11%
4335 E Arrowhead Road Monticello, IN Charming Cape Cod with a covered front porch spanning the full width of the home and ideal...	3 beds \| 3 baths \| 2,000 sq.ft.	$319,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 6.63% Airbnb Rental Income: $1057 Traditional Rental Income: $2501 Airbnb ROI: 0.62% Traditional ROI: 6.63%
3776 N Doug Court Monticello, IN Lake-home refuge. Check out this 2-bedroom, 1-bath, lake-level home located on Keans Bay o...	2 beds \| 1 baths \| 1,008 sq.ft.	$375,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 2.56% Airbnb Rental Income: $914 Traditional Rental Income: $1438 Airbnb ROI: 0.11% Traditional ROI: 2.56%
2308 N Sullivan Court Monticello, IN Lake Level on Main Lake Shafer, best views of Indiana Beach Amusement Park. This 3,284 SF...	3 beds \| 3 baths \| 3,284 sq.ft.	$599,999	Airbnb cash on cash: -0.73% Traditional cash on cash: 1.36% Airbnb Rental Income: $1057 Traditional Rental Income: $1860 Airbnb ROI: -0.73% Traditional ROI: 1.36%
3884 E Forest Lodge Loop Monticello, IN Experience lakefront living on the calm waters of Lake Shafer in this completely updated 3...	3 beds \| 1 baths \| 1,288 sq.ft.	$380,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 2.51% Airbnb Rental Income: $1057 Traditional Rental Income: $1637 Airbnb ROI: -0.14% Traditional ROI: 2.51%
11921 W Breezy Point Drive 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%
209 Sandalwood Drive Monticello, IN Charming 3-bedroom, 2-bath brick home located in a great neighborhood in Monticello! This ...	3 beds \| 2 baths \| 2,155 sq.ft.	$375,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 4.98% Airbnb Rental Income: $1057 Traditional Rental Income: $2321 Airbnb ROI: 0.35% Traditional ROI: 4.98%
3291 E Stahl Road Monticello, IN Nestled on the picturesque shores of Big Monon of Lake Shafer, this lake property offers a...	3 beds \| 2 baths \| 1,839 sq.ft.	$475,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.2% Airbnb Rental Income: $1057 Traditional Rental Income: $2215 Airbnb ROI: -0.23% Traditional ROI: 3.2%
2800 N Baers Court Monticello, IN Enjoy lake living at its finest with this beautiful home on Lake Shafer, built in 2005 and...	3 beds \| 3 baths \| 2,881 sq.ft.	$799,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 2.44% Airbnb Rental Income: $1057 Traditional Rental Income: $2970 Airbnb ROI: -0.62% Traditional ROI: 2.44%
702 S Bluff Street Monticello, IN Welcome to this charming 3 bedroom, 1.5 bath home located near Monticello city park and Al...	3 beds \| 2 baths \| 1,376 sq.ft.	$174,900	Airbnb cash on cash: 1.71% Traditional cash on cash: 7.82% Airbnb Rental Income: $1057 Traditional Rental Income: $1709 Airbnb ROI: 1.71% Traditional ROI: 7.82%
1190 N Hinterland Court 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%
3342 N Shore Acres Court Monticello, IN A LOVELY LAKE âGEMâ FOR TREASURED GETAWAYS! Located in one of the more desirable Lake ...	2 beds \| 1 baths \| 840 sq.ft.	$394,900	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.86% Airbnb Rental Income: $914 Traditional Rental Income: $1422 Airbnb ROI: -0.43% Traditional ROI: 1.86%
207 Sandalwood Drive Monticello, IN Come see this 3 bed, 2 bath ranch home in Sycamore Estates on the south edge of Monticello...	3 beds \| 2 baths \| 1,708 sq.ft.	$350,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 1.53% Airbnb Rental Income: $1057 Traditional Rental Income: $1341 Airbnb ROI: -0.44% Traditional ROI: 1.53%
4703 E Elmer Girtz Drive Monticello, IN COME SEE A NEW BUILD ON THE LAKE!! New Construction Lake Shafer 4 bedroom 2.5 bath with...	4 beds \| 3 baths \| 2,400 sq.ft.	$589,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $3080 Airbnb ROI: N/A Traditional ROI: 4.3%
5683 E Bass Center Road Monticello, IN Quaint yet beautiful two-bedroom, one-bath retreat on Lake Shafer offering 840 sq. ft. of ...	2 beds \| 1 baths \| 840 sq.ft.	$289,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 2.74% Airbnb Rental Income: $914 Traditional Rental Income: $1255 Airbnb ROI: 0.23% Traditional ROI: 2.74%
5240 E Wenz Drive Monticello, IN THE PERFECT SITE FOR LAKE LIFE! Party planning for waterfront fun comes easy with this st...	4 beds \| 3 baths \| 2,738 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.36% Airbnb Rental Income: $null Traditional Rental Income: $2229 Airbnb ROI: N/A Traditional ROI: 1.36%
4033 N Denver Court 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: -0.27% Traditional cash on cash: -0.04% Airbnb Rental Income: $1057 Traditional Rental Income: $863 Airbnb ROI: -0.27% Traditional ROI: -0.04%
418 S Main Street Monticello, IN Charming two-story home full of character and space, featuring beautiful original woodwork...	3 beds \| 2 baths \| 1,685 sq.ft.	$185,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 7.16% Airbnb Rental Income: $1057 Traditional Rental Income: $1806 Airbnb ROI: 0.82% Traditional ROI: 7.16%
5117 N West Shafer Drive Monticello, IN FOR THOSE WHO SEEK SOME LAKE LIFE CHIC! All new since â22, this Lake Shafer home has bee...	3 beds \| 3 baths \| 1,761 sq.ft.	$479,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.83% Airbnb Rental Income: $1057 Traditional Rental Income: $1930 Airbnb ROI: 0.07% Traditional ROI: 2.83%
11979 W Freeman Lane Monticello, IN Beautifully crafted, newer-build lake home on Lake Freeman offers top-of-the-line features...	3 beds \| 2 baths \| 2,132 sq.ft.	$499,900	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.09% Airbnb Rental Income: $1057 Traditional Rental Income: $2293 Airbnb ROI: -0.34% Traditional ROI: 3.09%
2412 N West Shafer Drive Monticello, IN Nestled in a cove, this lake house is ideally situated within walking distance to Indiana ...	3 beds \| 3 baths \| 912 sq.ft.	$269,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 6.82% Airbnb Rental Income: $1057 Traditional Rental Income: $2203 Airbnb ROI: 0.89% Traditional ROI: 6.82%
1602 N Brandywine Court Monticello, IN Relaxation on the Riverfront. This immaculate 3-bed, 2-bath raised ranch offering stylish ...	3 beds \| 2 baths \| 2,350 sq.ft.	$547,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.91% Airbnb Rental Income: $1057 Traditional Rental Income: $2740 Airbnb ROI: -0.09% Traditional ROI: 3.91%
3146 N West Shafer Drive 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 E Road 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.	$275,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 7.33% Airbnb Rental Income: $1057 Traditional Rental Income: $2414 Airbnb ROI: 0.71% Traditional ROI: 7.33%
11846 W Lookout Drive Monticello, IN Lake cottage with an easement to Lake Freeman with dock and lift! This low maintenance 3-b...	3 beds \| 1 baths \| 882 sq.ft.	$247,500	Airbnb cash on cash: 1.12% Traditional cash on cash: 4% Airbnb Rental Income: $1057 Traditional Rental Income: $1365 Airbnb ROI: 1.12% Traditional ROI: 4%
4386 E Luse Road 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.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $3037 Airbnb ROI: N/A Traditional ROI: 6.48%
5063 NW Shafer Drive Monticello, IN BIG PRICE DROP 2 bedroom Main Lake Shafer Cottage with Wide Panoramic Views of Lake. Perfe...	2 beds \| 1 baths \| 368 sq.ft.	$225,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.26% Airbnb Rental Income: $914 Traditional Rental Income: $1122 Airbnb ROI: 0.68% Traditional ROI: 3.26%
4915 E White Point Drive 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: 0.99% Traditional cash on cash: 8.94% Airbnb Rental Income: $590 Traditional Rental Income: $1020 Airbnb ROI: 0.99% Traditional ROI: 8.94%
5053 E Robin Court Monticello, IN Escape to this peaceful lake home that is situated at the end of a quiet lane and in a par...	2 beds \| 1 baths \| 876 sq.ft.	$299,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.75% Airbnb Rental Income: $914 Traditional Rental Income: $1290 Airbnb ROI: 0.2% Traditional ROI: 2.75%
11766 W 1000 N Monticello, IN LAKE LIFE âLAKE-REAGE! This Main Lake Freeman home offers panoramic lake views amid the ...	4 beds \| 2 baths \| 2,062 sq.ft.	$589,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $3189 Airbnb ROI: N/A Traditional ROI: 3.7%
5220 E Wenz Drive Monticello, IN Charming Waterfront Home on Lake Shafer. Enjoy lake life in this inviting 2-bedroom, 1-bat...	2 beds \| 3 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 Court 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: 2.49% Airbnb Rental Income: $null Traditional Rental Income: $4702 Airbnb ROI: N/A Traditional ROI: 2.49%
4372 N Shorewood Court 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.	$480,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 2.63% Airbnb Rental Income: $914 Traditional Rental Income: $2183 Airbnb ROI: -0.96% Traditional ROI: 2.63%
7563 E 600 N Road Monticello, IN New Roof installed March 2026. This well-kept country ranch home built in 2005 offers; a 2...	2 beds \| 2 baths \| 1,158 sq.ft.	$289,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.64% Airbnb Rental Income: $914 Traditional Rental Income: $1707 Airbnb ROI: 0.48% Traditional ROI: 4.64%
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: 0.38% Traditional cash on cash: 5.14% Airbnb Rental Income: $914 Traditional Rental Income: $1608 Airbnb ROI: 0.38% Traditional ROI: 5.14%
505 W Marion Street 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 Drive 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%
206 Royalwood Drive 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%

Real Estate investment in Monticello, IN

There are 67 properties for sale in the city of Monticello . The median list price in Monticello is $349,900 and the average price per square foot is $203. In April 2026, the average monthly cash on cash return in Monticello is 4.00%. The average monthly rental income in Monticello is $2,183.

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

There are 67 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 | 3 baths | 1,838 sq.ft.

$329,900

Airbnb cash on cash: 0.6%

Traditional cash on cash: 6.2%

Airbnb Rental Income: $1057

Traditional Rental Income: $2431

Airbnb ROI: 0.6%

Traditional ROI: 6.2%

5242 E Wenz Drive

Monticello, IN

4 beds | 4 baths | 3,470 sq.ft.

$925,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.08%

Airbnb Rental Income: $null

Traditional Rental Income: $4168

Airbnb ROI: N/A

Traditional ROI: 3.08%

5151 S Stone Drive

Monticello, IN

3 beds | 3 baths | 2,870 sq.ft.

$899,900

Airbnb cash on cash: -0.73%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1057

Traditional Rental Income: $3070

Airbnb ROI: -0.73%

Traditional ROI: 2.11%

4335 E Arrowhead Road

Monticello, IN

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

$319,900

Airbnb cash on cash: 0.62%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $1057

Traditional Rental Income: $2501

Airbnb ROI: 0.62%

Traditional ROI: 6.63%

3776 N Doug Court

Monticello, IN

2 beds | 1 baths | 1,008 sq.ft.

$375,000

Airbnb cash on cash: 0.11%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $914

Traditional Rental Income: $1438

Airbnb ROI: 0.11%

Traditional ROI: 2.56%

2308 N Sullivan Court

Monticello, IN

3 beds | 3 baths | 3,284 sq.ft.

$599,999

Airbnb cash on cash: -0.73%

Traditional cash on cash: 1.36%

Airbnb Rental Income: $1057

Traditional Rental Income: $1860

Airbnb ROI: -0.73%

Traditional ROI: 1.36%

3884 E Forest Lodge Loop

Monticello, IN

3 beds | 1 baths | 1,288 sq.ft.

$380,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 2.51%

Airbnb Rental Income: $1057

Traditional Rental Income: $1637

Airbnb ROI: -0.14%

Traditional ROI: 2.51%

11921 W Breezy Point Drive

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%