Is Nappanee, IN a good place to invest in rental property?

Nappanee, IN has a median modeled monthly cash flow of $-748 and a median cap rate of 3.0%, on a median sold price of $249,450. Prices changed +0.0% year over year.

What is the average cap rate in Nappanee, IN?

The median cap rate across recently sold homes in Nappanee, IN is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Nappanee, IN?

The median sold price in Nappanee, IN is $249,450 (about $151 per square foot).

Investing in Nappanee, IN Real Estate

A data-driven snapshot of the Nappanee, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$249,450Median sold price

$151Median $/sqft

3.0%Median cap rate

$-748Modeled cash flow / mo

+0.0%Appreciation YoY

4.9Months of supply

27Active listings

66Sold (last 12 mo)

What the Nappanee numbers say

In Nappanee, IN, the median home sold for $249,450 (about $151 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-748 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 4.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Indiana markets to compare

See Nappanee cash-flowing listings

CashFlowRE ranks every for-sale home in Nappanee, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Nappanee deals, or browse the national market data.