1416 W James DrPeruIN46970
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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
Investment property for sale in Peru at 1416 W James Dr, Peru, IN, 46970 with 5% annual appreciation on a $147,000 basis while $1,531/mo rent supports operations. Total monthly income totals $1,531/mo and a $719/mo payment preserves $649/mo for cash returns. Annual cash flow comes to $7,789/yr on $48,731 deployed, and return on cash invested reaches 35.89% in year one. Equity gained on principal adds $949/yr, and five-year appreciation sums $40,613 alongside rental yield of 12.5%. Five-year ROI measures 188.41% and total cumulative return in cash totals $91,812.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,531/mo property income versus a $719/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.43 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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Listed by: Rebekah Slack • Miles Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439663
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.