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
$215,965
Cost breakdown
+Likely effective rent$1,870
HUD FMR$1,729
Market rent$1,940
Est. payment standard (108%)Used$1,870
Estimated payment standard is $1,870 (108% of FMR).
-Principal and interest-$1,092
Loan amount$172,772
Down payment$43,193
Rate6.50%
Term30 years
-Operating costs-$578
Property taxes-$216
Insurance-$175
Utilities$0
HOA$0
Management-$187
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$29,996(69.4% ROI)
Projected value
$232,570
Current value$215,965
Return breakdown
Property appreciation+$16,606
Loan principal paid down+$6,190
Rental cash flow+$7,200
5-year hold
+$51,418(119.0% ROI)
Projected value
$244,344
Current value$215,965
Return breakdown
Property appreciation+$28,380
Loan principal paid down+$11,038
Rental cash flow+$12,000
10-year hold
+$110,791(256.5% ROI)
Projected value
$276,453
Current value$215,965
Return breakdown
Property appreciation+$60,488
Loan principal paid down+$26,303
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.
Studio0.76
Studio
0.76ratio
FMR$1,318
Market$1,730
vs market-$412
FMR is below market; voucher rent may lag private rents.
90% standard$1,186 / 0.69 ratio110% standard$1,450 / 0.84 ratio
1 BR0.82
1 BR
0.82ratio
FMR$1,402
Market$1,720
vs market-$318
FMR is below market; voucher rent may lag private rents.
90% standard$1,262 / 0.73 ratio110% standard$1,542 / 0.90 ratio
2 BR0.89
2 BR
0.89ratio
FMR$1,729
Market$1,940
vs market-$211
FMR is below market; voucher rent may lag private rents.
90% standard$1,556 / 0.80 ratio110% standard$1,902 / 0.98 ratio
3 BR1.05
3 BR
1.05ratio
FMR$2,087
Market$1,990
vs market+$97
FMR is near market; voucher and private rents are aligned.
90% standard$1,878 / 0.94 ratio110% standard$2,296 / 1.15 ratio
4 BR1.13
4 BR
1.13ratio
FMR$2,480
Market$2,200
vs market+$280
FMR is above market; underwrite to market rent.
90% standard$2,232 / 1.01 ratio110% standard$2,728 / 1.24 ratio
0.700.800.901.001.101.201.30aligned range
Voucher alignment varies significantly by bedroom size in this area.
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 02859 (RI) 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.
02859 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 02859 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,729 and the 4 bedroom fair market rent is $2,480.
Use this page for searches like 02859 FMR, 02859 fair market rent, and 02859 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 | $1,318 |
| 1 bedroom | $1,402 |
| 2 bedroom | $1,729 |
| 3 bedroom | $2,087 |
| 4 bedroom | $2,480 |