Indianapolis-Carmel-Anderson Metro Area

Rental Property Analysis in Indianapolis, Indiana

Find the most profitable long-term rental properties in Indianapolis. Analyze any zip code and instantly discover the top 20 deals ranked by Cash-on-Cash return.

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Indianapolis Rental Market Overview

Key statistics for real estate investors in the Indianapolis-Carmel-Anderson area

2.1 million
Metro Population
$280,000
Median Home Price
$1,350
Average Rent
9-12%
Avg Cash-on-Cash

Why Invest in Indianapolis Rental Properties?

Strong cash flow market with low entry prices
Major healthcare and pharmaceutical employers
Affordable cost of living attracts renters
Growing tech sector in downtown
Landlord-friendly state laws

Current Market Trends

Northern suburbs showing premium growth
Downtown development attracting young professionals
Healthcare worker housing in demand
Turnkey rental properties available

Popular Investment Areas in Indianapolis

These neighborhoods are frequently analyzed by investors for long-term rental opportunities

Carmel
Fishers
Noblesville
Greenwood
Plainfield
Brownsburg

Top Zip Codes to Analyze in Indianapolis

Enter any of these zip codes in Smart Rental Investor to find profitable deals

46032
46038
46060
46142
46168
46112

How to Find Profitable Rentals in Indianapolis

Smart Rental Investor makes it easy to analyze the Indianapolis market

1

Enter a Indianapolis Zip Code

Type any IN zip code to scan the entire market

2

Set Your Criteria

Define budget, down payment, and loan terms

3

Get Top 20 Deals

Instantly see properties ranked by Cash-on-Cash return

4

Analyze & Export

Review 12+ metrics and export to CSV

Metrics Calculated for Every Indianapolis Property

Cash-on-Cash Return

Cap Rate

Monthly Cash Flow

Total ROI

Gross Rent Multiplier

Debt Service Coverage

Break-Even Ratio

Price per Sq Ft

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