904 4th St, Spencer, NC 28159

3 bd · 2 ba · 1,103 sqft · built 2022 · Spencer · SINGLE_FAMILY·source listing ↗

$239,000

rent, three ways

OnePercent model (vv1)$1,877/mo

p10–p90 confidence band

HUD Fair Market Rent · 28159 · 3BR$1,700/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Rowan

Flood risk indexRelatively Low FEMA NRI

Median household income$63,036

Median area rent$932/mo

Median home value$200,300

the verdict

0.79%vs 1.0% target

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

$239,000

0.79% · rent $1,877

Intrinsic value · income approach

$211,517

13% above 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.