251 W 10th St, Peru, IN, 46970 | $177/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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251 W 10th St, Peru, IN, 46970 | $177/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

Investment property for sale in Peru at 251 W 10th St, Peru, IN, 46970 listed at $163,500 pairs $1,158/mo rent with a $800/mo payment to leave $177/mo cash flow. Total monthly income runs $1,158/mo, and annual cash flow reaches $2,121/yr on $54,200 cash to close. Return on cash invested measures 23.82% in year one, and rental yield registers 8.5% at a $163,500 basis. Equity gained on principal adds $1,055/yr, and annual property appreciation at 5% supports $45,172 by year five. Five-year ROI tracks 123.6% and total cumulative return in cash totals $66,992. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,158/mo property income relative to a $800/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1915

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

This updated 2-bedroom, 1-bath home delivers modern style with low-maintenance living on a spacious corner lot. Inside, youll find all-new flooring, solid core doors, new LED lighting, new ceiling fans, fresh paint. The kitchen features brand-new appliances and a tile backsplash. The bathroom offers a beautifully tiled tub/shower combo with matching vanity backsplash for a polished, modern look. The waterlines have been updated to pex. The new roof and six inch seamless gutters gives you peace of mind and durability for years to come. Outside, the vinyl privacy fence creates a secure, low-maintenance yard, perfect for pets or outdoor relaxing. The 2-car detached garage has its own breaker box, LED lights, and a garage door opener. This home is move-in ready and easy to love.

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