Investment Property for Sale in Indiana

Q: Which city in Indiana to invest in for highest ROI on long term rental properties in 2026

In 2026, 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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
320 W Ash St Jamestown, IN RENEWED throughout! Interior updates including Laminate Hardwood look in all Living Area w...	2 beds \| 2 baths \| 1,232 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $1228 Airbnb ROI: N/A Traditional ROI: 5.15%
1069 Redwood Dr Brownsburg, IN Fabulous Home in Wonderful Brownsburg Neighborhood! You will love this Custom Brick 2 Stor...	4 beds \| 3 baths \| 2,761 sq.ft.	$390,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 4.96% Airbnb Rental Income: $2363 Traditional Rental Income: $2443 Airbnb ROI: 3.15% Traditional ROI: 4.96%
905 S Maple St Fortville, IN This listing includes 11.732 acres (6 parcels: see addendum) just outside of Fortville, wh...	3 beds \| 2 baths \| 2,606 sq.ft.	$1,700,000	Airbnb cash on cash: -0.14% Traditional cash on cash: -0.13% Airbnb Rental Income: $2691 Traditional Rental Income: $2057 Airbnb ROI: -0.14% Traditional ROI: -0.13%
6018 Rocky Rd Anderson, IN Move-in ready ranch located in a desirable South Anderson subdivision! This 3-bedroom, 2-b...	3 beds \| 2 baths \| 1,212 sq.ft.	$214,900	Airbnb cash on cash: 2.19% Traditional cash on cash: 5.51% Airbnb Rental Income: $1326 Traditional Rental Income: $1593 Airbnb ROI: 2.19% Traditional ROI: 5.51%
5148 N Park Ave Indianapolis, IN Welcome to 5148 N Park Avenue in Meridian Kessler! This fantastic, recently renovated 4 be...	4 beds \| 3 baths \| 3,073 sq.ft.	$770,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 1.8% Airbnb Rental Income: $2833 Traditional Rental Income: $2810 Airbnb ROI: 0.94% Traditional ROI: 1.8%
8078 Windham Lake Way Indianapolis, IN Updated 3-bedroom condo with one of the largest floorplans in the Windham Lake complex. Ne...	3 beds \| 3 baths \| 1,816 sq.ft.	$229,900	Airbnb cash on cash: 2.37% Traditional cash on cash: 5.62% Airbnb Rental Income: $1677 Traditional Rental Income: $1916 Airbnb ROI: 2.37% Traditional ROI: 5.62%
1527 Lexington Ave Indianapolis, IN Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	4 beds \| 3 baths \| 2,316 sq.ft.	$265,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 5.64% Airbnb Rental Income: $1914 Traditional Rental Income: $2048 Airbnb ROI: 3.16% Traditional ROI: 5.64%
365 E Morris Street Indianapolis, IN On the North edge of wonderful Bates Hendricks neighborhood you will find a completely reh...	N/A beds \| N/A baths \| N/A	$447,500	Airbnb cash on cash: -0.33% Traditional cash on cash: 7.13% Airbnb Rental Income: $909 Traditional Rental Income: $3698 Airbnb ROI: -0.33% Traditional ROI: 7.13%
206 N Beville Avenue Indianapolis, IN Fully renovated inside and out, this beautifully updated 5 bedroom 3 bath home is located ...	5 beds \| 3 baths \| 2,850 sq.ft.	$260,000	Airbnb cash on cash: 7.95% Traditional cash on cash: 9.25% Airbnb Rental Income: $3222 Traditional Rental Income: $2814 Airbnb ROI: 7.95% Traditional ROI: 9.25%
404 N Grant Ave Indianapolis, IN Welcome to this beautiful fully remodeled house. From the moment you arrive, you'll apprec...	4 beds \| 2 baths \| 1,644 sq.ft.	$209,555	Airbnb cash on cash: 2.99% Traditional cash on cash: 3.88% Airbnb Rental Income: $1520 Traditional Rental Income: $1257 Airbnb ROI: 2.99% Traditional ROI: 3.88%
406 Griffin Road Indianapolis, IN Beautiful, well-maintained home in desirable Perry Township that won't last long! Recent u...	3 beds \| 2 baths \| 1,762 sq.ft.	$270,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 6.15% Airbnb Rental Income: $1603 Traditional Rental Income: $2076 Airbnb ROI: 2.5% Traditional ROI: 6.15%
1444 E Elbert St Indianapolis, IN Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting...	2 beds \| 1 baths \| 1,584 sq.ft.	$172,500	Airbnb cash on cash: 1.04% Traditional cash on cash: 4.05% Airbnb Rental Income: $1066 Traditional Rental Income: $1193 Airbnb ROI: 1.04% Traditional ROI: 4.05%
502 N Jefferson St Rensselaer, IN Step back in time to appreciate the stunning features of this Victorian built home. With o...	4 beds \| 2 baths \| 2,672 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $1852 Airbnb ROI: N/A Traditional ROI: 4.84%
5351 E Honor Avenue DeMotte, IN Ready to upgrade? Welcome home to 5351 E Honor Avenue in DeMotte, Indiana! This home is se...	3 beds \| 4 baths \| 3,554 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $3119 Airbnb ROI: N/A Traditional ROI: 7.06%
435 Virginia Ave #506 Indianapolis, IN Welcome to Villagio at Page Pointe in sought after Fletcher Place: where city living meets...	3 beds \| 2 baths \| 1,814 sq.ft.	$545,000	Airbnb cash on cash: -2.07% Traditional cash on cash: -0.36% Airbnb Rental Income: $1574 Traditional Rental Income: $1996 Airbnb ROI: -2.07% Traditional ROI: -0.36%
1529 Kennington St Indianapolis, IN Experience this beautifully renovated 2br/1ba single family home in the Bates Hendricks ne...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 3.29% Airbnb Rental Income: $1148 Traditional Rental Income: $1067 Airbnb ROI: 1.71% Traditional ROI: 3.29%
838 N Emerson Ave Indianapolis, IN Welcome to 838 N Emerson Ave! This 3-bedroom, 1-bath single-story home sits on a 6,534 sq ...	3 beds \| 1 baths \| 2,400 sq.ft.	$194,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.2% Airbnb Rental Income: $1291 Traditional Rental Income: $1211 Airbnb ROI: 2.45% Traditional ROI: 4.2%
1111 E 10th St Indianapolis, IN WOW! Experience Sophisticated Urban Living in this stunning Townhome with a Private ROOFTO...	3 beds \| 3 baths \| 2,440 sq.ft.	$675,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.16% Airbnb Rental Income: $1616 Traditional Rental Income: $2726 Airbnb ROI: -0.33% Traditional ROI: 2.16%
3868 Ruckle St Indianapolis, IN This beautifully updated 1911 home blends timeless character with thoughtful modern update...	3 beds \| 2 baths \| 2,074 sq.ft.	$449,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 4.53% Airbnb Rental Income: $1793 Traditional Rental Income: $2558 Airbnb ROI: 1.56% Traditional ROI: 4.53%
4935 W Legrande Avenue Indianapolis, IN Come and check out this 2-bed/1 bath located on 2 lots in Drexel Gardens. The home has a f...	2 beds \| 1 baths \| 1,034 sq.ft.	$110,000	Airbnb cash on cash: 6.54% Traditional cash on cash: 8.56% Airbnb Rental Income: $1317 Traditional Rental Income: $1124 Airbnb ROI: 6.54% Traditional ROI: 8.56%
4251 Woodsage Trce Indianapolis, IN SELLER IS OFFERING $2,000 TO BUYERS for buyer's closing costs to purchase this end-unit co...	2 beds \| 2 baths \| 1,187 sq.ft.	$130,000	Airbnb cash on cash: -1.74% Traditional cash on cash: 4.32% Airbnb Rental Income: $1006 Traditional Rental Income: $1408 Airbnb ROI: -1.74% Traditional ROI: 4.32%
9019 Panorama Ct Indianapolis, IN Welcome home to this beautifully updated ranch in the Avon/West Indianapolis area, conveni...	3 beds \| 1 baths \| 1,097 sq.ft.	$233,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 4.46% Airbnb Rental Income: $1423 Traditional Rental Income: $1462 Airbnb ROI: 2.41% Traditional ROI: 4.46%
5911 Edelle Dr Indianapolis, IN Explore versatility and comfort in this Franklin Township ranch home! With a loft space th...	3 beds \| 2 baths \| 1,997 sq.ft.	$349,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 4.7% Airbnb Rental Income: $1661 Traditional Rental Income: $2168 Airbnb ROI: 1.73% Traditional ROI: 4.7%
1306 Tishman Lane Indianapolis, IN Charming 2-bedroom, 1.5-bath condo offering comfortable, low-maintenance living. This well...	2 beds \| 2 baths \| 1,216 sq.ft.	$125,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.31% Airbnb Rental Income: $1411 Traditional Rental Income: $1372 Airbnb ROI: 2.13% Traditional ROI: 5.31%
1709 N Talbott St Indianapolis, IN Welcome to this beautifully updated three-level home located in the heart of the highly so...	3 beds \| 2 baths \| 2,381 sq.ft.	$415,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 5.05% Airbnb Rental Income: $1178 Traditional Rental Income: $2454 Airbnb ROI: 0.78% Traditional ROI: 5.05%
7514 Iron Horse Lane Indianapolis, IN Welcome home to this inviting 3-bedroom, 2-bath ranch that perfectly blends comfort, updat...	3 beds \| 2 baths \| 1,351 sq.ft.	$280,000	Airbnb cash on cash: 3.33% Traditional cash on cash: 4.5% Airbnb Rental Income: $1859 Traditional Rental Income: $1669 Airbnb ROI: 3.33% Traditional ROI: 4.5%
1134 N Elder Ave Indianapolis, IN This 3 bedroom / 1 bathroom home is ready for the new owner! Currently rented through 6/30...	3 beds \| 1 baths \| 1,104 sq.ft.	$95,000	Airbnb cash on cash: 9.82% Traditional cash on cash: 11.23% Airbnb Rental Income: $1584 Traditional Rental Income: $1262 Airbnb ROI: 9.82% Traditional ROI: 11.23%
6623 E 10th Street Indianapolis, IN Imagine a limestone ranch in sought-after Warren Park, perched on a hill with a sweeping l...	3 beds \| 3 baths \| 3,438 sq.ft.	$339,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.35% Airbnb Rental Income: $1339 Traditional Rental Income: $2341 Airbnb ROI: 0.92% Traditional ROI: 5.35%
219 S Walcott St Indianapolis, IN This updated 2-bedroom, 1-bathroom home at 219 S Walcott St offers a premier turn-key oppo...	2 beds \| 1 baths \| 1,726 sq.ft.	$170,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 4.3% Airbnb Rental Income: $1320 Traditional Rental Income: $995 Airbnb ROI: 3.79% Traditional ROI: 4.3%
3627 N Capitol Ave Indianapolis, IN At 3627 N Capitol AVE, INDIANAPOLIS, IN, discover a single-family residence constructed in...	2 beds \| 1 baths \| 2,016 sq.ft.	$158,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 6.52% Airbnb Rental Income: $995 Traditional Rental Income: $1319 Airbnb ROI: 2.05% Traditional ROI: 6.52%
5263 Windridge Dr Indianapolis, IN Discover sophisticated easy living at 5263 Windridge DR, INDIANAPOLIS, IN. Built in 1986, ...	4 beds \| 3 baths \| 3,600 sq.ft.	$360,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 2.79% Airbnb Rental Income: $2455 Traditional Rental Income: $2474 Airbnb ROI: 0.96% Traditional ROI: 2.79%
5317 Glen Stewart Way Indianapolis, IN Discover your dream home just blocks from the scenic Eagle Creek Reservoir. This stunning,...	4 beds \| 3 baths \| 3,827 sq.ft.	$450,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 3.69% Airbnb Rental Income: $2515 Traditional Rental Income: $2596 Airbnb ROI: 2.05% Traditional ROI: 3.69%
6525 Emerald Hill Ct #206 Indianapolis, IN Maintenance free living at it's best. Nestled at 6525 Emerald Hill Ct Unit 206 in the hear...	2 beds \| 2 baths \| 1,549 sq.ft.	$164,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 7.33% Airbnb Rental Income: $1115 Traditional Rental Income: $1914 Airbnb ROI: -0.13% Traditional ROI: 7.33%
7805 N Alton Ave Indianapolis, IN Discover refined living at 7805 N Alton Ave, Indianapolis. Nestled on a spacious .55-acre ...	3 beds \| 3 baths \| 2,827 sq.ft.	$299,500	Airbnb cash on cash: 0.34% Traditional cash on cash: 8.07% Airbnb Rental Income: $977 Traditional Rental Income: $2807 Airbnb ROI: 0.34% Traditional ROI: 8.07%
121 Bluegrass Drive Schererville, IN Well-maintained ranch duplex offering easy one-level living in a convenient Schererville l...	2 beds \| 2 baths \| 1,245 sq.ft.	$255,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.1% Airbnb Rental Income: $781 Traditional Rental Income: $1476 Airbnb ROI: -1.1% Traditional ROI: 3.1%
10916 Eagle River Run Fort Wayne, IN Welcome to 10916 Eagle River Run, a stunning custom-built ranch in the highly desirable EA...	4 beds \| 4 baths \| 4,139 sq.ft.	$584,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $3726 Airbnb ROI: N/A Traditional ROI: 4.73%
260 S Pyracantha Cir Santa Claus, IN Enjoy lake views and flexible living space in this charming Christmas Lake Village home. O...	3 beds \| 2 baths \| 1,584 sq.ft.	$255,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 4.23% Airbnb Rental Income: $1284 Traditional Rental Income: $1497 Airbnb ROI: 1.67% Traditional ROI: 4.23%
464 W PRANCER DR N Santa Claus, IN . Experience lakefront living at its finest in this fully remodeled all-brick home on Chr...	4 beds \| 4 baths \| 4,064 sq.ft.	$849,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.19% Airbnb Rental Income: $2039 Traditional Rental Income: $4026 Airbnb ROI: 0.01% Traditional ROI: 3.19%
746 W 700 N Hobart, IN REDUCED by 50k!! Charming and well-maintained ranch home situated on 5 beautiful acres off...	3 beds \| 1 baths \| 1,872 sq.ft.	$499,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.21% Airbnb Rental Income: $1402 Traditional Rental Income: $2187 Airbnb ROI: 0.63% Traditional ROI: 3.21%

Real Estate investment in Indiana

There are 22,981 properties available for sale in the state of Indiana. Evansville, Indianapolis and Boonville are the best rental property markets in Indiana. The average median price of properties for sale in these cities are $222,617 and the average price per square foot is $0. Their average monthly cash on cash return is 4.67%.

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

There are 22,981 investment properties available for sale in Indiana.

In 2026, Evansville is the best city to buy investment properties. Find more investment properties today!

In 2026, Evansville (6%) and Indianapolis (4%) 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

320 W Ash St

Jamestown, IN

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

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.15%

Airbnb Rental Income: $null

Traditional Rental Income: $1228

Airbnb ROI: N/A

Traditional ROI: 5.15%

1069 Redwood Dr

Brownsburg, IN

4 beds | 3 baths | 2,761 sq.ft.

$390,000

Airbnb cash on cash: 3.15%

Traditional cash on cash: 4.96%

Airbnb Rental Income: $2363

Traditional Rental Income: $2443

Airbnb ROI: 3.15%

Traditional ROI: 4.96%

905 S Maple St

Fortville, IN

3 beds | 2 baths | 2,606 sq.ft.

$1,700,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: -0.13%

Airbnb Rental Income: $2691

Traditional Rental Income: $2057

Airbnb ROI: -0.14%

Traditional ROI: -0.13%

6018 Rocky Rd

Anderson, IN

3 beds | 2 baths | 1,212 sq.ft.

$214,900

Airbnb cash on cash: 2.19%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $1326

Traditional Rental Income: $1593

Airbnb ROI: 2.19%

Traditional ROI: 5.51%

5148 N Park Ave

Indianapolis, IN

4 beds | 3 baths | 3,073 sq.ft.

$770,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $2833

Traditional Rental Income: $2810

Airbnb ROI: 0.94%

Traditional ROI: 1.8%

8078 Windham Lake Way

Indianapolis, IN

3 beds | 3 baths | 1,816 sq.ft.

$229,900

Airbnb cash on cash: 2.37%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1677

Traditional Rental Income: $1916

Airbnb ROI: 2.37%

Traditional ROI: 5.62%

1527 Lexington Ave

Indianapolis, IN

4 beds | 3 baths | 2,316 sq.ft.

$265,000

Airbnb cash on cash: 3.16%

Traditional cash on cash: 5.64%

Airbnb Rental Income: $1914

Traditional Rental Income: $2048

Airbnb ROI: 3.16%

Traditional ROI: 5.64%

365 E Morris Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$447,500

Airbnb cash on cash: -0.33%

Traditional cash on cash: 7.13%

Airbnb Rental Income: $909

Traditional Rental Income: $3698

Airbnb ROI: -0.33%