1437 James DrPeruIN46970
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1437 James Dr, Peru, IN, 46970 in Peru. At $234,000 it earns $1,668/mo in rent and distributes $263/mo to the owner after the $1,109/mo payment, a consistent 8.55% yield. DSCR 1.50 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $64,650 in value; $1,962/yr in principal paydown compounds ownership stake. Total projected return: $101,111.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $263 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,668 |
| Total Monthly Debt Service | $1,369 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
0.46 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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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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