What do you want to calculate?
Enter all property inputs to project multi-year Total Return, IRR, and year-by-year cash flow. The standard analysis mode.
Property
Income (Year 1)
2026 typical: $1,800–$3,500/mo depending on market and unit type
Operating Expenses (Year 1, annual)
Expense entry mode
All fields are annual figures.
Indiana avg effective rate 0.85%. Investment property cap 2%. Marion County ~1.02%, Allen County ~0.88%.
Indiana DOI average. Get quotes for your specific zip code and property type.
Indiana typical 8-10% of collected rent.
Typical: 1–2% of property value annually
Only if paid by landlord
Leave blank if no HOA
Roof, HVAC, major repairs
Landscaping, pest control, etc.
Growth Assumptions
2026 conservative assumptions: rent 2–3%, expenses 2.5–3.5%. Rent growth above 4% is optimistic.
Financing
Enter 0 for owner-carry or interest-free seller financing.
Additional Cash Invested
Hold Period & Exit
Exit Method
Sale Price = Year N NOI ÷ Exit Cap Rate. Reflects market pricing at exit.
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How to Use the Indiana Rental Property Calculator
This calculator is pre-loaded with Indiana-specific defaults for property tax (~2% for investment property), insurance ($1,800/yr), vacancy (8%), and management fees (9%). These are statewide averages from verified sources — your actual numbers depend on the county, city, and property type.
- Enter the purchase price and financing terms. Investment loans in Indiana typically require 20-25% down at 6.5-7.5%.
- Enter monthly rent from actual leases or comparable rents (Zillow, Apartments.com, local PM).
- Review pre-filled expenses — property tax, insurance, vacancy are set to Indiana averages. Replace with property-specific data.
- Check results — cash flow, NOI, cap rate, DSCR update instantly.
- Run a conservative scenario — increase vacancy by 2%, reduce rent by 5%.
Every pre-filled value can be changed. Defaults are starting points, not recommendations.
Indiana Expenses That Affect Rental Cash Flow
Property Tax (1.2%–2.8%)
Indiana has a 3.05% flat state income tax plus county income taxes of 1-2%. Property taxes are capped: 1% for homesteads, 2% for other residential, 3% for commercial. Marion County (Indianapolis) effective rate ~1.02%, Allen County (Fort Wayne) ~0.88%, rural counties lower. Investment properties do not qualify for the homestead deduction ($48K from assessed value). Check your county assessor for the exact rate.
Insurance ($1,800–$4,500/yr)
Indiana insurance averages $1,800/yr, below the national average. Tornado and hail risk in central Indiana can increase premiums. Properties in FEMA flood zones along the Wabash, White, or Ohio rivers require additional flood insurance ($400-$1,200/yr). Get 2-3 quotes for your specific property.
State Income Tax (3.05% + County)
Indiana charges 3.05% flat state income tax plus 1-2% county income tax on rental income. Total 4-5% state+county tax is moderate compared to California (13.3%) or New York (8.8%).
Vacancy (4%–10%)
Evansville and Bloomington run 4-6%. Fort Wayne 6-8%. Rural Indiana 8-12%. Use Census ACS data or ask a local property manager.
Example: Indianapolis Duplex ($285K)
| Purchase Price | $285,000 |
| Down Payment (20%) | $57,000 |
| Rate / Term | 7.0% / 30yr |
| Rent (2 × $1,050) | $1,800/mo |
| Vacancy (6.5%) | −$1,638/yr |
| Property Tax (0.85%) | −$5,700/yr |
| Insurance | −$2,500/yr |
| PM (9%) + Maintenance + CapEx | −$9,259/yr |
| NOI | $5,103/yr |
| Mortgage (P&I) | −$18,192/yr |
| Cash Flow | −$13,089/yr (−$1,091/mo) |
Result: Cash-flow negative. The 0.85% property tax ($5,700/yr) consumes most of the NOI. To break even: buy at ~$210K or raise rents to ~$2,500/mo. This is why Indiana-specific tax rates — not national averages — are critical.
Hypothetical example for educational purposes only.
Sources and Methodology
- Indiana Department of Taxation — property tax rates
- Indiana Department of Insurance — insurance data
- FRED Indiana Economic Data — vacancy, mortgage rates
- Indiana Housing Finance Agency
- Property tax: Indiana Comptroller, county appraisal districts
- Insurance: NAIC
- Vacancy: US Census ACS 5-Year
- Rent/values: Zillow ZORI + ZHVI
- Market stats: Indiana Real Estate Research Center
Data period: Q1 2026. Last reviewed: July 2026. Defaults are planning assumptions — replace with property-specific data.
Related Indiana Calculators
FAQ
What property tax rate should I use for a Indiana rental?
How does 3.05% state income tax affect returns?
How much does Indiana homeowner's insurance cost?
Which Indiana metro is best for rental investing?
Are the default values accurate for my property?
Disclaimer: This calculator is for educational purposes only. Results are estimates based on assumptions and public data averages. Not financial, tax, legal, or investment advice. Actual performance depends on property-specific conditions. Consult licensed professionals before making investment decisions.