138 Cory AvePeruIN46970
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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
Investment Highlights
Rental property for sale in Peru at 138 Cory Ave, Peru, IN, 46970 priced at $106,300 converts $1,250/mo rent into $597/mo cash flow after a $520/mo obligation. Total monthly income equals $1,250/mo, and annual cash flow totals $7,168/yr on $35,238 invested. Return on cash invested prints 40.25% in year one, and rental yield reads 14.11% against a $106,300 entry. Equity gained on principal adds $686/yr, while 5% annual appreciation compiles into $29,369 by year five. Five-year ROI reaches 211.96% and total cumulative return in cash sums $74,690. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,250/mo property income covering a $520/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.53 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,003
Single Family
9,618
Multi-Family
385
Businesses
687
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