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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Peru at 11 N Walnut St, Peru, IN, 46970 offers $1,586/mo rent that, after a $587/mo payment, leaves $844/mo cash flow. Total monthly income is $1,586/mo, and annual cash flow is $10,132/yr on $39,780 cash. Return on cash invested measures 45.38% in year one, and rental yield stands at 15.86% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 239.51% and total cumulative return in cash reaches $95,275. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,586/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46970, Peru, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,753 (100%) |
| Owner Occupied HU | 6,545 (60.9%) |
| Renter Occupied HU | 3,020 (28.1%) |
| Vacant Housing Units | 1,188 (11.0%) |
| Median Home Value | $134,310 |
| Average Home Value | $190,288 |
Residential
10,003
Single Family
9,618
Multi-Family
385
Businesses
687
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Sold | $120,000 |
| 2025-07-13 | Pending sale | $139,900 |
| 2025-06-03 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $1256.00 | 34.19% | $70,800 | 12.74% |
| 2023-10-10 | $936.00 | 19.39% | $62,800 | 34.19% |
| 2022-10-10 | $784.00 | 66.10% | $46,800 | 19.39% |
Listed by: Laura Myers • Allen Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520788
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
