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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Indianapolis, IN
Listed for sale 1 day ago
$ 217,500
ROI
21.2
Cash Flow/m
87- 2 Bed
- 2 Bath
- 1252 sft
6477 Bayside South Dr, Indianapolis, IN, 46250
Listed for sale 1 day ago
$ 200,000
ROI
24.1Cash Flow/m
242- 2 Bed
- 2 Bath
- 1310 sft
5405 Allero Dr, Indianapolis, IN, 46237
Listed for sale 1 day ago
$ 215,000
ROI
29.3Cash Flow/m
568- 2 Bed
- 3 Bath
- 1336 sft
5960 Highgate Cir E, Indianapolis, IN, 46250
Listed for sale 1 day ago
$ 220,000
ROI
29.7Cash Flow/m
609- 2 Bed
- 3 Bath
- 1497 sft
836 Chapel Pines Dr W, Indianapolis, IN, 46234
Why Invest in Indianapolis, Indiana?
Indianapolis condo investments offer strong potential in 2026, with the city ranked #4 housing hotspot by NAR due to rising inventory and easing rates. Rental yields average 7.2%, supported by 1.1% job growth and affordability scores beating national averages. Cap rates hover at 6.8%, with modest 3% appreciation and 45% renter occupancy driving cash flow. New permits up 7.5% signal supply growth, favoring steady returns for condo investors.
8.5%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, condos benefit from NAR's #4 hotspot ranking, with 7.2% rental yields and rising inventory. Affordability and job growth ensure steady demand. Low vacancy supports reliable cash flow.
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