351 W 3rd St, Peru, IN, 46970 | $400/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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351 W 3rd St, Peru, IN, 46970 | $400/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 351 W 3rd St, Peru, IN, 46970 offers a 9.4% rental yield on a $219,000 purchase with $1,715/mo rent. Total monthly income registers $1,715/mo, and a $1,072/mo payment leaves $400/mo available for distribution. Annual cash flow reaches $4,803/yr on $72,599 to close, and return on cash invested stands at 26.53% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 138.11% and total cumulative return in cash at $100,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,715/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1910

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this remodeled turn-of-the-century beauty with a wide open porch, beautiful hardwood floors, 4 bedrooms, and 2 1/2 baths. Lots of light, and close to downtown amenities, the Riverwalk, parks, and recreation! Wood-paneled breezeway between house and 2-car garage. Eat-in kitchen & formal dining room. New refrigerator, vinyl replacement windows, new paint & carpeting, new water heater, new plumbing, and updated electric with 200-amp service. New siding, new roof, wood deck, and fenced-in backyard. Fireplace is electric--no chimney.

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