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
$202,591
Cost breakdown
+Likely effective rent$1,780
HUD FMR$1,660
Market rent$1,840
Est. payment standard (107%)Used$1,780
Estimated payment standard is $1,780 (107% of FMR).
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Current value$202,591
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Current value$202,591
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Current value$202,591
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000
Rolodex
Upgrade to access AI-powered research tools
UpgradeMarket Alignment
FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.
Studio0.79
Studio- 60471
0.79ratio
FMR$1,380
Market$1,750
vs market-$370
FMR is below market; voucher rent may lag private rents.
90% standard$1,242 / 0.71 ratio110% standard$1,518 / 0.87 ratio
1 BR0.84
1 BR- 60471
0.84ratio
FMR$1,470
Market$1,740
vs market-$270
FMR is below market; voucher rent may lag private rents.
90% standard$1,323 / 0.76 ratio110% standard$1,617 / 0.93 ratio
2 BR0.90
2 BR- 60471
0.90ratio
FMR$1,660
Market$1,840
vs market-$180
FMR is near market; voucher and private rents are aligned.
90% standard$1,494 / 0.81 ratio110% standard$1,826 / 0.99 ratio
3 BR0.97
3 BR- 60471
0.97ratio
FMR$2,140
Market$2,210
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,926 / 0.87 ratio110% standard$2,354 / 1.07 ratio
4 BR0.93
4 BR- 60471
0.93ratio
FMR$2,470
Market$2,650
vs market-$180
FMR is near market; voucher and private rents are aligned.
90% standard$2,223 / 0.84 ratio110% standard$2,717 / 1.03 ratio
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 RICHTON PARK, 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
RICHTON PARK, IL fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for RICHTON PARK, IL shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,660 and the 4 bedroom fair market rent is $2,470.
Use this page for searches like RICHTON PARK, IL FMR, RICHTON PARK, IL fair market rent, and RICHTON PARK, 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 | $1,380 |
| 1 bedroom | $1,470 |
| 2 bedroom | $1,660 |
| 3 bedroom | $2,140 |
| 4 bedroom | $2,470 |