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
$85,197
Cost breakdown
+Likely effective rent$990
HUD FMR$1,160
Market rentUsed$990
Est. payment standard (90%)$1,050
Market rent is below the inferred standard ($1,050, 90% of FMR).
-Principal and interest-$431
Loan amount$68,158
Down payment$17,039
Rate6.50%
Term30 years
-Operating costs-$359
Property taxes-$85
Insurance-$175
Utilities$0
HOA$0
Management-$99
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$16,193(95.0% ROI)
Projected value
$91,748
Current value$85,197
Return breakdown
Property appreciation+$6,551
Loan principal paid down+$2,442
Rental cash flow+$7,200
5-year hold
+$27,550(161.7% ROI)
Projected value
$96,393
Current value$85,197
Return breakdown
Property appreciation+$11,196
Loan principal paid down+$4,355
Rental cash flow+$12,000
10-year hold
+$58,239(341.8% ROI)
Projected value
$109,059
Current value$85,197
Return breakdown
Property appreciation+$23,862
Loan principal paid down+$10,376
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.
Studio1.02
Studio- 62948
1.02ratio
FMR$840
Market$820
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$756 / 0.92 ratio110% standard$924 / 1.13 ratio
1 BR1.01
1 BR- 62948
1.01ratio
FMR$880
Market$870
vs market+$10
FMR is near market; voucher and private rents are aligned.
90% standard$792 / 0.91 ratio110% standard$968 / 1.11 ratio
2 BR1.17
2 BR- 62948
1.17ratio
FMR$1,160
Market$990
vs market+$170
FMR is above market; underwrite to market rent.
90% standard$1,044 / 1.05 ratio110% standard$1,276 / 1.29 ratio
3 BR1.17
3 BR- 62948
1.17ratio
FMR$1,530
Market$1,310
vs market+$220
FMR is above market; underwrite to market rent.
90% standard$1,377 / 1.05 ratio110% standard$1,683 / 1.28 ratio
4 BR1.03
4 BR- 62948
1.03ratio
FMR$1,540
Market$1,490
vs market+$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,386 / 0.93 ratio110% standard$1,694 / 1.14 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 HERRIN, 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
HERRIN, IL fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for HERRIN, IL shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,160 and the 4 bedroom fair market rent is $1,540.
Use this page for searches like HERRIN, IL FMR, HERRIN, IL fair market rent, and HERRIN, 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 | $840 |
| 1 bedroom | $880 |
| 2 bedroom | $1,160 |
| 3 bedroom | $1,530 |
| 4 bedroom | $1,540 |