2203 Spring St, New Castle, IN 47362

2 bd · 1 ba · 1,146 sqft · built 1900 · New Castle · SINGLE_FAMILY·source listing ↗

$69,900

rent, three ways

OnePercent model (vv1)$1,016/mo

p10–p90 confidence band

HUD Fair Market Rent · 47362 · 2BR

$960/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Henry

Flood risk indexRelatively Moderate FEMA NRI

Median household income$60,258

Median area rent$786/mo

Median home value$146,800

the verdict

1.45%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$69,900

1.45% · rent $1,016

Intrinsic value · income approach

$132,230

47% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.