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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4965 Eldon Drive Noblesville, IN Charming 2-Bedroom Home with Modern Amenities and 2-Car Garage. Welcome to this beautifull...	2 beds \| 2 baths \| 1,781 sq.ft.	$395,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 3.42% Airbnb Rental Income: $2727 Traditional Rental Income: $2334 Airbnb ROI: 2.74% Traditional ROI: 3.42%
7940 Sunfield Court Indianapolis, IN Delightful 2bd/2ba condo in quiet, conveniently located community near Eagle Creek & Speed...	2 beds \| 2 baths \| 2,016 sq.ft.	$182,500	Airbnb cash on cash: 8.88% Traditional cash on cash: 7.64% Airbnb Rental Income: $2830 Traditional Rental Income: $1955 Airbnb ROI: 8.88% Traditional ROI: 7.64%
1748 Sweet Gum Drive Indianapolis, IN Welcome to your next home in desirable North Willow Farms! Walk up the inviting front wal...	4 beds \| 3 baths \| 2,657 sq.ft.	$465,000	Airbnb cash on cash: 5.73% Traditional cash on cash: 4.18% Airbnb Rental Income: $4389 Traditional Rental Income: $2794 Airbnb ROI: 5.73% Traditional ROI: 4.18%
350 N Meridian Street #505 Indianapolis, IN Nestled at 350 N Meridian St Unit 505 in the historic Indianapolis Athletic Club Lofts, th...	1 beds \| 2 baths \| 801 sq.ft.	$227,500	Airbnb cash on cash: 2.78% Traditional cash on cash: -0.19% Airbnb Rental Income: $2304 Traditional Rental Income: $1092 Airbnb ROI: 2.78% Traditional ROI: -0.19%
1328 Sturm Avenue Indianapolis, IN Charming Victorian home in Holy Cross has 2 bedrooms, 2 full baths, plus bonus room with n...	2 beds \| 2 baths \| 1,492 sq.ft.	$330,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 4.05% Airbnb Rental Income: $2338 Traditional Rental Income: $1921 Airbnb ROI: 3.53% Traditional ROI: 4.05%
212 Timrick Drive Munster, IN Beautiful 3 Bed, 3 Bath Ranch in the Heart of Munster! Welcome to this charming and spacio...	3 beds \| 3 baths \| 3,396 sq.ft.	$399,900	Airbnb cash on cash: 2.79% Traditional cash on cash: 3.34% Airbnb Rental Income: $3106 Traditional Rental Income: $2606 Airbnb ROI: 2.79% Traditional ROI: 3.34%
1531 English Avenue Indianapolis, IN Welcome to this updated 3-bedroom, 2.5-bath home just minutes from Fountain Square, Fletch...	3 beds \| 3 baths \| 2,248 sq.ft.	$375,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 5.14% Airbnb Rental Income: $2716 Traditional Rental Income: $2528 Airbnb ROI: 3.86% Traditional ROI: 5.14%
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.	$489,000	Airbnb cash on cash: 4.37% Traditional cash on cash: 3.53% Airbnb Rental Income: $3748 Traditional Rental Income: $2552 Airbnb ROI: 4.37% Traditional ROI: 3.53%
1065 E 76th Street Indianapolis, IN Welcome to your dream riverfront escape! This beautifully updated home seamlessly blends m...	3 beds \| 4 baths \| 3,376 sq.ft.	$1,065,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 2.22% Airbnb Rental Income: $3127 Traditional Rental Income: $4118 Airbnb ROI: 0.5% Traditional ROI: 2.22%
1556 N Euclid Avenue Indianapolis, IN Welcome to this cheerful bungalow in the highly desirable Little Flower community! This ch...	3 beds \| 2 baths \| 1,848 sq.ft.	$255,000	Airbnb cash on cash: 6.26% Traditional cash on cash: 6.33% Airbnb Rental Income: $2681 Traditional Rental Income: $2061 Airbnb ROI: 6.26% Traditional ROI: 6.33%
1409 Spann Avenue Indianapolis, IN Modern living meets urban charm at 1409 Spann Ave in Fountain Square. This 3-bed, 3-bath h...	3 beds \| 3 baths \| 2,672 sq.ft.	$549,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.18% Airbnb Rental Income: $2716 Traditional Rental Income: $2674 Airbnb ROI: 2.01% Traditional ROI: 3.18%
6528 Fountain Springs Boulevard Indianapolis, IN Welcome to your dream retreat nestled on a tranquil pond located next door to Ft. Benjamin...	3 beds \| 2 baths \| 2,168 sq.ft.	$345,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 5.03% Airbnb Rental Income: $2793 Traditional Rental Income: $2220 Airbnb ROI: 4.78% Traditional ROI: 5.03%
4814 Lynton Court Indianapolis, IN Rare 3-Bedroom Condo with Exceptional Privacy & Storage! Discover this rare 3-bedroom con...	3 beds \| 2 baths \| 1,152 sq.ft.	$164,900	Airbnb cash on cash: 4.46% Traditional cash on cash: 5.07% Airbnb Rental Income: $1849 Traditional Rental Income: $1448 Airbnb ROI: 4.46% Traditional ROI: 5.07%
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.	$350,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 4% Airbnb Rental Income: $2635 Traditional Rental Income: $2002 Airbnb ROI: 4.02% Traditional ROI: 4%
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.	$229,000	Airbnb cash on cash: 7.35% Traditional cash on cash: 5.82% Airbnb Rental Income: $2572 Traditional Rental Income: $1621 Airbnb ROI: 7.35% Traditional ROI: 5.82%
1619 E Bradbury Avenue Indianapolis, IN $10,000 Grant Available for this Property! Welcome Home! 2 Bedroom Bungalow with Basement,...	2 beds \| 1 baths \| 885 sq.ft.	$169,900	Airbnb cash on cash: 7.01% Traditional cash on cash: 5.25% Airbnb Rental Income: $1999 Traditional Rental Income: $1192 Airbnb ROI: 7.01% Traditional ROI: 5.25%
4633 Angelica Drive Indianapolis, IN Welcome to your dream home at 4633 Angelica Dr in the heart of Franklin Township! This spa...	4 beds \| 3 baths \| 2,940 sq.ft.	$315,000	Airbnb cash on cash: 3.89% Traditional cash on cash: 8.01% Airbnb Rental Income: $2305 Traditional Rental Income: $2951 Airbnb ROI: 3.89% Traditional ROI: 8.01%
2120 Wynnedale Road Indianapolis, IN Discover this beautifully updated mid-century gem in the heart of Wynnedale! Nestled on a ...	3 beds \| 2 baths \| 1,759 sq.ft.	$385,000	Airbnb cash on cash: 4.37% Traditional cash on cash: 4.95% Airbnb Rental Income: $2881 Traditional Rental Income: $2423 Airbnb ROI: 4.37% Traditional ROI: 4.95%
15324 N Lillian Street Edinburgh, IN If you're searching for a home with lots of outdoor space, this is it! This home offers 3...	3 beds \| 2 baths \| 1,540 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.6% Airbnb Rental Income: $null Traditional Rental Income: $2251 Airbnb ROI: N/A Traditional ROI: 7.6%
9783 Lee Court Columbus, IN Welcome to this lovely 3-bedroom, 2-bathroom all-brick ranch, nestled on a peaceful cul-de...	3 beds \| 2 baths \| 1,176 sq.ft.	$224,900	Airbnb cash on cash: 3.38% Traditional cash on cash: 4.42% Airbnb Rental Income: $1841 Traditional Rental Income: $1566 Airbnb ROI: 3.38% Traditional ROI: 4.42%
50 Charing Cross Road Indianapolis, IN Tucked away on a quiet cul-de-sac in the sought-after Cross Creek neighborhood-where there...	4 beds \| 3 baths \| 2,461 sq.ft.	$338,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $2319 Airbnb ROI: N/A Traditional ROI: 5.42%
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: 3.97% Traditional cash on cash: 3.67% Airbnb Rental Income: $3163 Traditional Rental Income: $2339 Airbnb ROI: 3.97% Traditional ROI: 3.67%
3546 Willowdale Road Fort Wayne, IN Welcome to this character-filled 2-story home in the historic Wildwood Park neighborhood! ...	4 beds \| 3 baths \| 2,702 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $3205 Airbnb ROI: N/A Traditional ROI: 4.73%
3442 N Valleyview Drive Bloomington, IN This ranch over full basement has been a great investment property for years, but could be...	3 beds \| 2 baths \| 884 sq.ft.	$235,000	Airbnb cash on cash: 6.68% Traditional cash on cash: 3.98% Airbnb Rental Income: $2804 Traditional Rental Income: $1548 Airbnb ROI: 6.68% Traditional ROI: 3.98%
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.	$599,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.31% Airbnb Rental Income: $3075 Traditional Rental Income: $3415 Airbnb ROI: 2.45% Traditional ROI: 4.31%
5575 S 930 E Wolcottville, IN Fantastic move-in-ready home for year round lake lovers, or summertime getaways! Arguably ...	5 beds \| 4 baths \| 3,800 sq.ft.	$749,900	Airbnb cash on cash: 2.55% Traditional cash on cash: 4.46% Airbnb Rental Income: $3746 Traditional Rental Income: $4270 Airbnb ROI: 2.55% Traditional ROI: 4.46%
1599 N Terrace Hills Road Kendallville, IN Discover the perfect blend of comfort, charm, and waterfront living with this home, a beau...	3 beds \| 1 baths \| 1,176 sq.ft.	$239,900	Airbnb cash on cash: 8.98% Traditional cash on cash: 6.84% Airbnb Rental Income: $3115 Traditional Rental Income: $1922 Airbnb ROI: 8.98% Traditional ROI: 6.84%
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.	$999,999	Airbnb cash on cash: 3.92% Traditional cash on cash: 3.33% Airbnb Rental Income: $6755 Traditional Rental Income: $4891 Airbnb ROI: 3.92% Traditional ROI: 3.33%
661 W Jefferson Street Warsaw, IN Spacious 4-Bedroom Home on Double City Lot with Heated Pole Barn â A Rare Find! Welcome ...	4 beds \| 2 baths \| 1,916 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.63% Airbnb Rental Income: $null Traditional Rental Income: $2401 Airbnb ROI: N/A Traditional ROI: 7.63%
7675 Winding Lake Drive S Noblesville, IN Enjoy lake life in this charming home, located adjacent to Morse Reservoir, the marina, an...	3 beds \| 3 baths \| 2,524 sq.ft.	$439,900	Airbnb cash on cash: 3.75% Traditional cash on cash: 4.76% Airbnb Rental Income: $2969 Traditional Rental Income: $2703 Airbnb ROI: 3.75% Traditional ROI: 4.76%
505 Jones Place Martinsville, IN This is a beautiful 2 story brick home nestled in a small private community. This 4 bedroo...	4 beds \| 4 baths \| 5,244 sq.ft.	$559,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.14% Airbnb Rental Income: $null Traditional Rental Income: $3398 Airbnb ROI: N/A Traditional ROI: 5.14%
4400 W Friar Drive Muncie, IN Looking for a spacious home that's ready for you to move right in? This Robinwood Estates ...	4 beds \| 4 baths \| 3,054 sq.ft.	$334,900	Airbnb cash on cash: 5.06% Traditional cash on cash: 7.9% Airbnb Rental Income: $3007 Traditional Rental Income: $3212 Airbnb ROI: 5.06% Traditional ROI: 7.9%
3015 McKinley Avenue Columbus, IN You're going to fall in love with this charming home with all the updates and still keepin...	3 beds \| 2 baths \| 2,688 sq.ft.	$199,900	Airbnb cash on cash: 4.74% Traditional cash on cash: 9.94% Airbnb Rental Income: $1841 Traditional Rental Income: $2333 Airbnb ROI: 4.74% Traditional ROI: 9.94%
7633 Marywood Drive Newburgh, IN Newburgh Gem! Nestled on a generous 0.78-acre lot, this lovely 4-bedroom, 2.5-bath home o...	4 beds \| 3 baths \| 2,850 sq.ft.	$285,000	Airbnb cash on cash: 9.68% Traditional cash on cash: 7.93% Airbnb Rental Income: $3941 Traditional Rental Income: $2627 Airbnb ROI: 9.68% Traditional ROI: 7.93%
7308 Heritage Drive Mount Vernon, IN This charming two-story brick home offers 4 bedrooms, 3 full bathrooms, and 2 spacious liv...	4 beds \| 3 baths \| 2,880 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.77% Airbnb Rental Income: $null Traditional Rental Income: $2671 Airbnb ROI: N/A Traditional ROI: 5.77%
217 Devonshire Court Anderson, IN Maintenance Free Living at its finest in the highly desired South Main Village in Anderson...	2 beds \| 2 baths \| 1,900 sq.ft.	$299,900	Airbnb cash on cash: 1.87% Traditional cash on cash: 5.84% Airbnb Rental Income: $1738 Traditional Rental Income: $2379 Airbnb ROI: 1.87% Traditional ROI: 5.84%
110 Wood Ln Versailles, IN Welcome to this fully remodeled 3-bedroom, 1-bath ranch on a quiet street in Versailles. E...	3 beds \| 1 baths \| 1,020 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.39% Airbnb Rental Income: $null Traditional Rental Income: $1789 Airbnb ROI: N/A Traditional ROI: 6.39%
1605 E Clark Street Warsaw, IN Back on the market at no fault of seller. Welcome to this adorable 3-bedroom, 1.5-bath hom...	3 beds \| 2 baths \| 1,158 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.57% Airbnb Rental Income: $null Traditional Rental Income: $1444 Airbnb ROI: N/A Traditional ROI: 5.57%
1300 Winding Ridge Lane #C8 Valparaiso, IN Beautifully Updated 2 Bed, 2 Bath Main-Floor Condo in Valparaiso.Welcome to this spacious,...	2 beds \| 2 baths \| 1,704 sq.ft.	$254,000	Airbnb cash on cash: 9.55% Traditional cash on cash: 3.22% Airbnb Rental Income: $3555 Traditional Rental Income: $1254 Airbnb ROI: 9.55% Traditional ROI: 3.22%

Real Estate investment in Indiana

There are 10,753 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 $296,117 and the average price per square foot is $0. Their average monthly cash on cash return is 5.00%.

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

There are 10,753 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 (6%) 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

4965 Eldon Drive

Noblesville, IN

2 beds | 2 baths | 1,781 sq.ft.

$395,000

Airbnb cash on cash: 2.74%

Traditional cash on cash: 3.42%

Airbnb Rental Income: $2727

Traditional Rental Income: $2334

Airbnb ROI: 2.74%

Traditional ROI: 3.42%

7940 Sunfield Court

Indianapolis, IN

2 beds | 2 baths | 2,016 sq.ft.

$182,500

Airbnb cash on cash: 8.88%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $2830

Traditional Rental Income: $1955

Airbnb ROI: 8.88%

Traditional ROI: 7.64%

1748 Sweet Gum Drive

Indianapolis, IN

4 beds | 3 baths | 2,657 sq.ft.

$465,000

Airbnb cash on cash: 5.73%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $4389

Traditional Rental Income: $2794

Airbnb ROI: 5.73%

Traditional ROI: 4.18%

350 N Meridian Street #505

Indianapolis, IN

1 beds | 2 baths | 801 sq.ft.

$227,500

Airbnb cash on cash: 2.78%

Traditional cash on cash: -0.19%

Airbnb Rental Income: $2304

Traditional Rental Income: $1092

Airbnb ROI: 2.78%

Traditional ROI: -0.19%

1328 Sturm Avenue

Indianapolis, IN

2 beds | 2 baths | 1,492 sq.ft.

$330,000

Airbnb cash on cash: 3.53%

Traditional cash on cash: 4.05%

Airbnb Rental Income: $2338

Traditional Rental Income: $1921

Airbnb ROI: 3.53%

Traditional ROI: 4.05%

212 Timrick Drive

Munster, IN

3 beds | 3 baths | 3,396 sq.ft.

$399,900

Airbnb cash on cash: 2.79%

Traditional cash on cash: 3.34%

Airbnb Rental Income: $3106

Traditional Rental Income: $2606

Airbnb ROI: 2.79%

Traditional ROI: 3.34%

1531 English Avenue

Indianapolis, IN

3 beds | 3 baths | 2,248 sq.ft.

$375,000

Airbnb cash on cash: 3.86%

Traditional cash on cash: 5.14%

Airbnb Rental Income: $2716

Traditional Rental Income: $2528

Airbnb ROI: 3.86%

Traditional ROI: 5.14%

2250 N Capitol Avenue

Indianapolis, IN

4 beds | 3 baths | 2,751 sq.ft.

$489,000

Airbnb cash on cash: 4.37%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $3748

Traditional Rental Income: $2552

Airbnb ROI: 4.37%