115 E 2nd St, Peru, IN, 46970 | $585/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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115 E 2nd St, Peru, IN, 46970 | $585/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Peru at 115 E 2nd St, Peru, IN, 46970 uses $44,753 cash to close to unlock $7,024/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $1,396/mo, and a $661/mo payment keeps the spread at $585/mo. Purchase price stands at $135,000, and rental yield measures 12.41% with $1,396/mo rent. Return on cash invested shows 35.61% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 186.84% and total cumulative return in cash records $83,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,396/mo property income covering a $661/mo payment rather than investor’s personal income.

Multi Family

Built in 1900

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Four units under one roof! 2 units are 1 bedroom, 1 bathroom; 2 units are 2 bedrooms, 1 bathroom. 4 dedicated, off-street parking spaces. Separate access to each apartment, and ramp access for 1 unit. Most recent rents: 1 unit is $540/mo; 3 units are $700/mo. Cash buyers only. Property to be sold AS-IS.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46970, Peru, IN area.

Housing Distribution

Housing Statistics

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