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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 15 N Smith St, Peru, IN, 46970 offers $1,528/mo rent that, after a $519/mo payment, leaves $892/mo cash flow. Total monthly income is $1,528/mo, and annual cash flow is $10,698/yr on $35,139 cash. Return on cash invested measures 50.35% in year one, and rental yield stands at 17.3% at a $106,000 entry. Equity gained on principal adds $684/yr while 5% annual appreciation compounds into $29,286 by year five. Five-year ROI records 265.9% and total cumulative return in cash reaches $93,436. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,528/mo property income versus a $519/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
2,526 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 |
|---|---|---|
| 2025-04-14 | Sold | $106,000 |
| 2025-04-02 | Pending sale | $109,900 |
| 2025-02-05 | Price change | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $569.72 | 7.67% | $76,000 | 21.41% |
| 2023-11-02 | $529.12 | 5.18% | $62,600 | N/A |
| 2022-11-02 | $503.08 | 34.90% | $62,600 | 9.82% |
Listed by: Joe Schroder • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440039
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.
