product

markets

method

804 Spencer Pike Rd, Springville, IN 47462 — $69,900 · 3bd · ~3% rule | OnePercent

804 Spencer Pike Rd, Springville, IN 47462

$69,900

Home·Springville 47462·804 Spencer Pike Rd, Springville, IN 47462

Last confirmed 5 days ago · −17.7% since list · seller motivation 50

804 Spencer Pike Rd, Springville, IN 47462

3 bd · 2 ba · 1,708 sqft · built 1995 · Springville · MOBILE·source listing ↗

$69,900

$84,900 first listed

seller intel

Price cut

−17.7%

from $84,900

Motivation score

50/100

OnePercent model (vv1)$2,066/mo

p10–p90 confidence band

HUD Fair Market Rent · 47462 · 3BR$1,290/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Lawrence

Flood risk indexRelatively Moderate FEMA NRI

Median household income$93,785

Median area rent$732/mo

Median home value$226,700

the verdict

2.96%vs 1.2% target

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

$69,900

2.96% · rent $2,066

Intrinsic value · income approach

$280,131

75% 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.