75 W 2nd St, Peru, IN, 46970 | $305/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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75 W 2nd St, Peru, IN, 46970 | $305/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

Rental property for sale in Peru at 75 W 2nd St, Peru, IN, 46970 generates $1,265/mo in rent and, after a $783/mo payment, leaves $305/mo in cash flow. Total monthly income is $1,265/mo, and annual cash flow is $3,657/yr on $53,007 invested. Return on cash invested sits at 26.81% in year one, and rental yield is 9.49% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 139.62% and total cumulative return in cash sums $74,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,265/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 1.5-bath home offering 1,584 sq ft of comfortable living space. Inside, youll love the beautiful woodwork, cozy fireplace, and an updated kitchen complete with a stylish coffee bar area and convenient pantry. A welcoming entryway with a brand-new built-in coat rack adds both charm and functionality. This home features three comfortable bedrooms plus a versatile bonus room. The generous walk-in closet has been smartly converted into a cozy childs bedroom, providing the perfect option for a fourth bedroom, nursery, or flex space to suit your needs. Stay comfortable year-round with central air, and enjoy the added functionality of a 2-car garage with a 10-ft doorperfect for larger vehicles or extra storage. Step outside to a fully fenced yard, ideal for entertaining, gardening, or simply relaxing in your own private space. This home combines timeless character with thoughtful updates, making it move-in ready and waiting for you!

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