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

Nappanee, IN has a median modeled monthly cash flow of $-763 and a median cap rate of 2.9%, on a median sold price of $249,900. Prices changed +4.6% year over year.

What is the average cap rate in Nappanee, IN?

The median cap rate across recently sold homes in Nappanee, IN is 2.9%, 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 $249,900 (about $158 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.

$249,900Median sold price

$158Median $/sqft

2.9%Median cap rate

$-763Modeled cash flow / mo

+4.6%Appreciation YoY

6.1Months of supply

35Active listings

69Sold (last 12 mo)

What the Nappanee numbers say

In Nappanee, IN, the median home sold for $249,900 (about $158 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-763 of monthly cash flow. Sold prices moved +4.6% over the past year. Inventory sits at about 6.1 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.