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
$288,779
Cost breakdown
+Likely effective rent$2,360
HUD FMR$2,205
Market rent$2,440
Est. payment standard (107%)Used$2,360
Estimated payment standard is $2,360 (107% of FMR).
-Principal and interest-$1,460
Loan amount$231,023
Down payment$57,756
Rate6.50%
Term30 years
-Operating costs-$700
Property taxes-$289
Insurance-$175
Utilities$0
HOA$0
Management-$236
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$37,681(65.2% ROI)
Projected value
$310,983
Current value$288,779
Return breakdown
Property appreciation+$22,204
Loan principal paid down+$8,277
Rental cash flow+$7,200
5-year hold
+$64,708(112.0% ROI)
Projected value
$326,726
Current value$288,779
Return breakdown
Property appreciation+$37,948
Loan principal paid down+$14,760
Rental cash flow+$12,000
10-year hold
+$140,053(242.5% ROI)
Projected value
$369,661
Current value$288,779
Return breakdown
Property appreciation+$80,882
Loan principal paid down+$35,171
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.
Studio0.74-0.85
Studio- 1 ZIP
0.74ratio
FMR$1,612
Market$2,190
vs market-$578
FMR is below market; voucher rent may lag private rents.
90% standard$1,451 / 0.66 ratio110% standard$1,773 / 0.81 ratio
1
Studio- 2 ZIPs
0.85ratio range
Median FMR$1,612
Median Market$1,890
vs market-$278
FMR is below market; voucher rent may lag private rents.
90% standard$1,451 / 0.77 ratio110% standard$1,773 / 0.94 ratio
2
1 BR0.69-0.93
1 BR- 1 ZIP
0.69ratio
FMR$1,822
Market$2,640
vs market-$818
FMR is below market; voucher rent may lag private rents.
90% standard$1,640 / 0.62 ratio110% standard$2,004 / 0.76 ratio
1
1 BR- 2 ZIPs
0.93ratio range
Median FMR$1,822
Median Market$1,960
vs market-$138
FMR is near market; voucher and private rents are aligned.
90% standard$1,640 / 0.84 ratio110% standard$2,004 / 1.02 ratio
2
2 BR0.62-0.90
2 BR- 1 ZIP
0.62ratio
FMR$2,205
Market$3,530
vs market-$1,325
FMR is below market; voucher rent may lag private rents.
90% standard$1,985 / 0.56 ratio110% standard$2,426 / 0.69 ratio
1
2 BR- 2 ZIPs
0.90ratio range
Median FMR$2,205
Median Market$2,440
vs market-$235
FMR is near market; voucher and private rents are aligned.
90% standard$1,985 / 0.81 ratio110% standard$2,426 / 0.99 ratio
2
3 BR0.66-0.86
3 BR- 1 ZIP
0.66ratio
FMR$2,761
Market$4,180
vs market-$1,419
FMR is below market; voucher rent may lag private rents.
90% standard$2,485 / 0.59 ratio110% standard$3,037 / 0.73 ratio
1
3 BR- 2 ZIPs
0.86ratio range
Median FMR$2,761
Median Market$3,210
vs market-$449
FMR is below market; voucher rent may lag private rents.
90% standard$2,485 / 0.77 ratio110% standard$3,037 / 0.95 ratio
2
4 BR0.65-0.79
4 BR- 1 ZIP
0.65ratio
FMR$3,137
Market$4,820
vs market-$1,683
FMR is below market; voucher rent may lag private rents.
90% standard$2,823 / 0.59 ratio110% standard$3,451 / 0.72 ratio
1
4 BR- 2 ZIPs
0.79ratio range
Median FMR$3,137
Median Market$3,980
vs market-$843
FMR is below market; voucher rent may lag private rents.
90% standard$2,823 / 0.71 ratio110% standard$3,451 / 0.87 ratio
2
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for smaller 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 MORRISTOWN, NJ (NJ) 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 FMR 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.
MORRISTOWN, NJ fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for MORRISTOWN, NJ shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,205 and the 4 bedroom fair market rent is $3,137.
Use this page for searches like MORRISTOWN, NJ FMR, MORRISTOWN, NJ fair market rent, and MORRISTOWN, NJ 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 | $1,612 |
| 1 bedroom | $1,822 |
| 2 bedroom | $2,205 |
| 3 bedroom | $2,761 |
| 4 bedroom | $3,137 |