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
$223,395
Cost breakdown
+Likely effective rent$1,920
HUD FMR$2,250
Market rentUsed$1,920
Est. payment standard (90%)$2,040
Market rent is below the inferred standard ($2,040, 90% of FMR).
-Principal and interest-$1,130
Loan amount$178,716
Down payment$44,679
Rate6.50%
Term30 years
-Operating costs-$590
Property taxes-$223
Insurance-$175
Utilities$0
HOA$0
Management-$192
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$30,780(68.9% ROI)
Projected value
$240,572
Current value$223,395
Return breakdown
Property appreciation+$17,177
Loan principal paid down+$6,403
Rental cash flow+$7,200
5-year hold
+$52,774(118.1% ROI)
Projected value
$252,751
Current value$223,395
Return breakdown
Property appreciation+$29,356
Loan principal paid down+$11,418
Rental cash flow+$12,000
10-year hold
+$113,777(254.7% ROI)
Projected value
$285,964
Current value$223,395
Return breakdown
Property appreciation+$62,569
Loan principal paid down+$27,207
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.
Studio1.14
Studio- 60042
1.14ratio
FMR$1,870
Market$1,640
vs market+$230
FMR is above market; underwrite to market rent.
90% standard$1,683 / 1.03 ratio110% standard$2,057 / 1.25 ratio
1 BR1.14
1 BR- 60042
1.14ratio
FMR$2,000
Market$1,750
vs market+$250
FMR is above market; underwrite to market rent.
90% standard$1,800 / 1.03 ratio110% standard$2,200 / 1.26 ratio
2 BR1.17
2 BR- 60042
1.17ratio
FMR$2,250
Market$1,920
vs market+$330
FMR is above market; underwrite to market rent.
90% standard$2,025 / 1.05 ratio110% standard$2,475 / 1.29 ratio
3 BR1.21
3 BR- 60042
1.21ratio
FMR$2,900
Market$2,390
vs market+$510
FMR is above market; underwrite to market rent.
90% standard$2,610 / 1.09 ratio110% standard$3,190 / 1.33 ratio
4 BR1.06
4 BR- 60042
1.06ratio
FMR$3,350
Market$3,160
vs market+$190
FMR is near market; voucher and private rents are aligned.
90% standard$3,015 / 0.95 ratio110% standard$3,685 / 1.17 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 ISLAND LAKE, 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
ISLAND LAKE, IL fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for ISLAND LAKE, IL shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,250 and the 4 bedroom fair market rent is $3,350.
Use this page for searches like ISLAND LAKE, IL FMR, ISLAND LAKE, IL fair market rent, and ISLAND LAKE, 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 | $1,870 |
| 1 bedroom | $2,000 |
| 2 bedroom | $2,250 |
| 3 bedroom | $2,900 |
| 4 bedroom | $3,350 |