Indianapolis, IN Cash on Cash Return Calculator
Calculate the cash-on-cash return for any rental property in Indianapolis. Based on current Indianapolis market data.
Indianapolis Market Snapshot
$230,000
$1,250/mo
7.2%
1.1%
$10,395
0.79
Based on median price, 25% down, 6.5% rate, 30-year term.
Run Your Indianapolis Numbers
Plug in any Indianapolis property to get Cash on Cash, NOI, cash flow, and more.
How Cash on Cash Works in Indianapolis
The Indianapolis rental market has a median home price of $230,000 and median rent of $1,250/month, which puts the average cash-on-cash return at roughly 7.2% for a typical single-family rental. That means for every dollar of property value, you can expect about 7.2 cents in annual net income before debt service.
With a 25% down payment ($57,500) and a 6.5% mortgage rate, a median Indianapolis rental generates roughly $10,395/yr in NOI against $13,080/yr in debt service, giving you a DSCR of 0.79. That's below breakeven at median price — look for deals 15-20% below median or properties with above-average rents.