1628 S Riverview Rd, Peru, IN, 46970 | $38/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1628 S Riverview Rd, Peru, IN, 46970 | $38/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Peru at 1628 S Riverview Rd, Peru, IN, 46970 generates $1,838/mo in rent and, after a $1,468/mo payment, leaves $38/mo in cash flow. Total monthly income is $1,838/mo, and annual cash flow is $451/yr on $99,417 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 7.35% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 105.04% and total cumulative return in cash sums $104,428. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,838/mo property income rather than buyer’s personal income.

Single Family

Built in 1971

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

So much new in this updated 3 bedroom, 2 bath ranch! Some recent upgrades over the last 3 years include windows, exterior doors, guest bathroom, primary bathroom shower, flooring, light fixtures, and a beautifully updated kitchen. The kitchen features stainless steel appliances, new Thinscape countertops, a center island with breakfast bar seating, and an open layout that flows into the dining area. Just off the kitchen is a versatile flex spaceperfect for a sitting room, family room, or play area. The unfinished partial basement offers plenty of storage space as well as the potential to finish, or use for a rec room or additional living space. Outside, enjoy a large corner lot with privacy fence, storage shed, covered front porch, and an attached 2-car garage. All located in an established neighborhood with easy access to US-31, shopping, dining, and more!

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