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
$180,301
Cost breakdown
+Likely effective rent$1,630
HUD FMR$1,480
Market rent$2,120
Est. payment standard (110%)Used$1,630
Estimated payment standard is $1,630 (110% of FMR).
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Current value$180,301
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Current value$180,301
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Current value$180,301
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
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.
Studio0.45
Studio- 48096
0.45ratio
FMR$1,060
Market$2,330
vs market-$1,270
FMR is below market; voucher rent may lag private rents.
1 BR0.53
1 BR- 48096
0.53ratio
FMR$1,180
Market$2,230
vs market-$1,050
FMR is below market; voucher rent may lag private rents.
2 BR0.70
2 BR- 48096
0.70ratio
FMR$1,480
Market$2,120
vs market-$640
FMR is below market; voucher rent may lag private rents.
90% standard$1,332 / 0.63 ratio110% standard$1,628 / 0.77 ratio
3 BR0.70
3 BR- 48096
0.70ratio
FMR$1,810
Market$2,580
vs market-$770
FMR is below market; voucher rent may lag private rents.
90% standard$1,629 / 0.63 ratio110% standard$1,991 / 0.77 ratio
4 BR0.68
4 BR- 48096
0.68ratio
FMR$1,960
Market$2,900
vs market-$940
FMR is below market; voucher rent may lag private rents.
90% standard$1,764 / 0.61 ratio110% standard$2,156 / 0.74 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 RAY, MI (MI) 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
RAY, MI fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for RAY, MI shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,480 and the 4 bedroom fair market rent is $1,960.
Use this page for searches like RAY, MI FMR, RAY, MI fair market rent, and RAY, MI 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 | $1,060 |
| 1 bedroom | $1,180 |
| 2 bedroom | $1,480 |
| 3 bedroom | $1,810 |
| 4 bedroom | $1,960 |