494 S Exeter Ave

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494 S Exeter Ave hits that sweet spot Indiana investors dream about: an affordable home with clear flip upside and dependable cash-flow if held. Its location in a busy investment corridor, coupled with easy access, rental demand, and strong comparables, makes this a property with flexibility and upside. It’s exactly the kind of hands-on investment that allows you to choose your path—flip for profit or hold for steady return.

Property Details/Condition:

• Bedroom: 2

• Bathroom: 1

• Building Size: 945

• Occupancy:  Owner Occupied

• GREAT SHAPE

Mechanicals

• AC: 3 Years

• Furnace: 3 Years

• HWH: 3 Years

• Roof: 8 Years

Key Considerations

• Below-Market Acquisition Opportunity – Priced under ARV comps with room for value enhancement.

• Solid Rent Base – Rental estimate over $1,100/month supports healthy cash flow.

• Rapid Investor Activity – Wayne Township consistent with fast flips and rentals; active listings signal investor demand.

• Strong Local Cap Rates – With 6–9% typical yields and room for 9–11%, this aligns with top-performing Indy investments.

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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