Yes, there’s a nice way to do this.
Chose the product (on a drawing) you wan’t to show the IP address for. Pull the “Smart Callout” stencil to the drawing and connect it to the product. If you have placed your product in a location box, make sure the product is in front (ctrl+f). Right click on the stencil and chose “configure callout”. Now you can pick the ip address field.
I use it a lot, and hav asked for the posibility to have an additionl IP address field (for DANTE), and MAC addresses as well. I do hope they implement it some day.
I hope this helps. Have fun