602 N Chestnut StPeruIN46970
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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
Investment Highlights
Rental property for sale in Peru at 602 N Chestnut St, Peru, IN, 46970 offers $780/mo rent that, after a $585/mo payment, leaves $63/mo cash flow. Total monthly income is $780/mo, and annual cash flow is $751/yr on $39,614 cash. Return on cash invested measures 21.8% in year one, and rental yield stands at 7.83% at a $119,500 entry. Equity gained on principal adds $771/yr while 5% annual appreciation compounds into $33,016 by year five. Five-year ROI records 112.82% and total cumulative return in cash reaches $44,694. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $780/mo property income versus a $585/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.28 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,003
Single Family
9,618
Multi-Family
385
Businesses
687
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