Lakeview Property Management
4.8Lakeview County
Residential management, leasing, and owner services for local rental properties.
216-555-0187lakeviewpm.com
Purchase Price Calculator
Maximum purchase price
$184,759
Cost breakdown
+Likely effective rent$1,660
HUD FMR$1,540
Market rent$1,730
Est. payment standard (108%)Used$1,660
Estimated payment standard is $1,660 (108% of FMR).
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Current value$184,759
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Current value$184,759
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Current value$184,759
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000
Rolodex
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UpgradeMarket Alignment
FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.
Studio0.85
Studio- 48220
0.85ratio
FMR$1,100
Market$1,290
vs market-$190
FMR is below market; voucher rent may lag private rents.
90% standard$990 / 0.77 ratio110% standard$1,210 / 0.94 ratio
1 BR0.78
1 BR- 48220
0.78ratio
FMR$1,220
Market$1,570
vs market-$350
FMR is below market; voucher rent may lag private rents.
90% standard$1,098 / 0.70 ratio110% standard$1,342 / 0.85 ratio
2 BR0.89
2 BR- 48220
0.89ratio
FMR$1,540
Market$1,730
vs market-$190
FMR is below market; voucher rent may lag private rents.
90% standard$1,386 / 0.80 ratio110% standard$1,694 / 0.98 ratio
3 BR0.78
3 BR- 48220
0.78ratio
FMR$1,880
Market$2,400
vs market-$520
FMR is below market; voucher rent may lag private rents.
90% standard$1,692 / 0.70 ratio110% standard$2,068 / 0.86 ratio
4 BR0.79
4 BR- 48220
0.79ratio
FMR$2,040
Market$2,580
vs market-$540
FMR is below market; voucher rent may lag private rents.
90% standard$1,836 / 0.71 ratio110% standard$2,244 / 0.87 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for all bedroom sizes.
Historical
FY 2022-2026
Data freshness
- FMR
- FY2026
- Market rent
- last ~365 days
About this result(HUD FMR/SAFMR details)
This page shows HUD Fair Market Rent data for FERNDALE, MI (MI) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.
Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.
Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.
Related ZIPs
FERNDALE, MI fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for FERNDALE, MI shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,540 and the 4 bedroom fair market rent is $2,040.
Use this page for searches like FERNDALE, MI FMR, FERNDALE, MI fair market rent, and FERNDALE, MI Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.
| Bedroom size | HUD FMR |
|---|---|
| Studio | $1,100 |
| 1 bedroom | $1,220 |
| 2 bedroom | $1,540 |
| 3 bedroom | $1,880 |
| 4 bedroom | $2,040 |