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
$201,105
Cost breakdown
+Likely effective rent$1,770
HUD FMR$1,610
Market rent$1,950
Est. payment standard (110%)Used$1,770
Estimated payment standard is $1,770 (110% of FMR).
-Principal and interest-$1,017
Loan amount$160,884
Down payment$40,221
Rate6.50%
Term30 years
-Operating costs-$553
Property taxes-$201
Insurance-$175
Utilities$0
HOA$0
Management-$177
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$28,427(70.7% ROI)
Projected value
$216,568
Current value$201,105
Return breakdown
Property appreciation+$15,463
Loan principal paid down+$5,764
Rental cash flow+$7,200
5-year hold
+$48,706(121.1% ROI)
Projected value
$227,532
Current value$201,105
Return breakdown
Property appreciation+$26,427
Loan principal paid down+$10,279
Rental cash flow+$12,000
10-year hold
+$104,819(260.6% ROI)
Projected value
$257,431
Current value$201,105
Return breakdown
Property appreciation+$56,326
Loan principal paid down+$24,493
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.
Studio0.81
Studio- 60452
0.81ratio
FMR$1,340
Market$1,660
vs market-$320
FMR is below market; voucher rent may lag private rents.
90% standard$1,206 / 0.73 ratio110% standard$1,474 / 0.89 ratio
1 BR0.85
1 BR- 60452
0.85ratio
FMR$1,430
Market$1,690
vs market-$260
FMR is below market; voucher rent may lag private rents.
90% standard$1,287 / 0.76 ratio110% standard$1,573 / 0.93 ratio
2 BR0.83
2 BR- 60452
0.83ratio
FMR$1,610
Market$1,950
vs market-$340
FMR is below market; voucher rent may lag private rents.
90% standard$1,449 / 0.74 ratio110% standard$1,771 / 0.91 ratio
3 BR0.87
3 BR- 60452
0.87ratio
FMR$2,070
Market$2,380
vs market-$310
FMR is below market; voucher rent may lag private rents.
90% standard$1,863 / 0.78 ratio110% standard$2,277 / 0.96 ratio
4 BR0.89
4 BR- 60452
0.89ratio
FMR$2,400
Market$2,700
vs market-$300
FMR is below market; voucher rent may lag private rents.
90% standard$2,160 / 0.80 ratio110% standard$2,640 / 0.98 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 OAK FOREST, 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
OAK FOREST, IL fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for OAK FOREST, IL shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,610 and the 4 bedroom fair market rent is $2,400.
Use this page for searches like OAK FOREST, IL FMR, OAK FOREST, IL fair market rent, and OAK FOREST, 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 | $1,340 |
| 1 bedroom | $1,430 |
| 2 bedroom | $1,610 |
| 3 bedroom | $2,070 |
| 4 bedroom | $2,400 |