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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% |
Investment property for sale in Peru at 276 E 3rd St, Peru, IN, 46970 offers a 10.29% rental yield on a $185,000 purchase with $1,586/mo rent. Total monthly income registers $1,586/mo, and a $905/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,712/yr on $61,328 to close, and return on cash invested stands at 29.22% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 152.53% and total cumulative return in cash at $93,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,356 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 |
|---|---|---|
| 2025-08-15 | Sold | $185,000 |
| 2025-07-13 | Listed for sale | $174,900 |
| 2024-02-13 | Sold | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $1201.00 | 143.30% | $91,500 | 53.78% |
| 2023-10-16 | $493.62 | 3.96% | $59,500 | 1.88% |
| 2022-10-16 | $474.84 | 7.59% | $58,400 | 8.55% |
Listed by: Misty Frost • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527154
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.
