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
$68,851
Cost breakdown
+Likely effective rent$880
HUD FMR$920
Market rentUsed$880
Est. payment standard (97%)$890
Market rent is below the inferred standard ($890, 97% of FMR).
-Principal and interest-$348
Loan amount$55,081
Down payment$13,770
Rate6.50%
Term30 years
-Operating costs-$332
Property taxes-$69
Insurance-$175
Utilities$0
HOA$0
Management-$88
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$14,467(105.1% ROI)
Projected value
$74,145
Current value$68,851
Return breakdown
Property appreciation+$5,294
Loan principal paid down+$1,973
Rental cash flow+$7,200
5-year hold
+$24,567(178.4% ROI)
Projected value
$77,899
Current value$68,851
Return breakdown
Property appreciation+$9,048
Loan principal paid down+$3,519
Rental cash flow+$12,000
10-year hold
+$51,670(375.2% ROI)
Projected value
$88,135
Current value$68,851
Return breakdown
Property appreciation+$19,284
Loan principal paid down+$8,385
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.
Studio0.93
Studio- 61037
0.93ratio
FMR$670
Market$720
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$603 / 0.84 ratio110% standard$737 / 1.02 ratio
1 BR0.95
1 BR- 61037
0.95ratio
FMR$720
Market$760
vs market-$40
FMR is near market; voucher and private rents are aligned.
90% standard$648 / 0.85 ratio110% standard$792 / 1.04 ratio
2 BR1.05
2 BR- 61037
1.05ratio
FMR$920
Market$880
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$828 / 0.94 ratio110% standard$1,012 / 1.15 ratio
3 BR1.36
3 BR- 61037
1.36ratio
FMR$1,210
Market$890
vs market+$320
FMR is above market; underwrite to market rent.
90% standard$1,089 / 1.22 ratio110% standard$1,331 / 1.50 ratio
4 BR1.37
4 BR- 61037
1.37ratio
FMR$1,220
Market$890
vs market+$330
FMR is above market; underwrite to market rent.
90% standard$1,098 / 1.23 ratio110% standard$1,342 / 1.51 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents for larger unit 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 GALT, IL (IL) 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
GALT, IL fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for GALT, IL shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $920 and the 4 bedroom fair market rent is $1,220.
Use this page for searches like GALT, IL FMR, GALT, IL fair market rent, and GALT, IL 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 | $670 |
| 1 bedroom | $720 |
| 2 bedroom | $920 |
| 3 bedroom | $1,210 |
| 4 bedroom | $1,220 |