601 E Milw St, Spencer, IA 51301

2 bd · 1 ba · 1,008 sqft · built 1920 · Spencer · SINGLE_FAMILY·source listing ↗

$125,000

rent, three ways

OnePercent model (vv1)$1,875/mo

p10–p90 confidence band

HUD Fair Market Rent · 51301 · 2BR

$960/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Clay

Flood risk indexRelatively High FEMA NRI

Median household income$63,402

Median area rent$807/mo

Median home value$188,300

the verdict

1.50%vs 1.0% target

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

$125,000

1.50% · rent $1,875

Intrinsic value · income approach

$181,892

31% 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.