565 E 2nd St, Peru, IN, 46970 | $66/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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565 E 2nd St, Peru, IN, 46970 | $66/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 565 E 2nd St, Peru, IN, 46970 uses $66,300 cash to close to unlock $796/yr annual cash flow and $66/mo monthly cash flow. Total monthly income runs $1,267/mo, and a $979/mo payment keeps the spread at $66/mo. Purchase price stands at $200,000, and rental yield measures 7.6% with $1,267/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 109.08% and total cumulative return in cash records $72,320. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,267/mo property income covering a $979/mo payment rather than investor’s personal income.

Single Family

Built in 1960

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully remodeled 3 bedroom, 2 full bath gem on E 2nd Street! Situated on three spacious lots, this property offers an incredible amount of outdoor space along with a fully fenced backyard ideal for pets, gatherings, and everyday enjoyment. Step inside to discover extensive updates throughout, giving the home a fresh, modern feel. The durable metal roof adds peace of mind, while the interior remodel truly shines with thoughtful finishes and stylish touches. The standout feature is the stunning primary suite addition, designed to feel like a private retreat. Enjoy an inviting electric fireplace, a generous walk-in closet, and a spa-like full bathroom complete with a custom tiled shower and beautiful finishes. With its blend of charm, upgrades, and extra outdoor space, this home is one of a kind!

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