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
$111,945
Cost breakdown
+Likely effective rent$1,170
HUD FMR$1,060
Market rent$1,770
Est. payment standard (110%)Used$1,170
Estimated payment standard is $1,170 (110% of FMR).
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Current value$111,945
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Current value$111,945
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Current value$111,945
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
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.
Studio0.49
Studio- 38068
0.49ratio
FMR$840
Market$1,710
vs market-$870
FMR is below market; voucher rent may lag private rents.
1 BR0.54
1 BR- 38068
0.54ratio
FMR$940
Market$1,740
vs market-$800
FMR is below market; voucher rent may lag private rents.
2 BR0.60
2 BR- 38068
0.60ratio
FMR$1,060
Market$1,770
vs market-$710
FMR is below market; voucher rent may lag private rents.
90% standard$954 / 0.54 ratio110% standard$1,166 / 0.66 ratio
3 BR0.75
3 BR- 38068
0.75ratio
FMR$1,390
Market$1,850
vs market-$460
FMR is below market; voucher rent may lag private rents.
90% standard$1,251 / 0.68 ratio110% standard$1,529 / 0.83 ratio
4 BR0.81
4 BR- 38068
0.81ratio
FMR$1,620
Market$2,010
vs market-$390
FMR is below market; voucher rent may lag private rents.
90% standard$1,458 / 0.73 ratio110% standard$1,782 / 0.89 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 SOMERVILLE, TN (TN) 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
SOMERVILLE, TN fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for SOMERVILLE, TN shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,060 and the 4 bedroom fair market rent is $1,620.
Use this page for searches like SOMERVILLE, TN FMR, SOMERVILLE, TN fair market rent, and SOMERVILLE, TN 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 | $840 |
| 1 bedroom | $940 |
| 2 bedroom | $1,060 |
| 3 bedroom | $1,390 |
| 4 bedroom | $1,620 |