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
$336,330
Cost breakdown
+Likely effective rent$2,680
HUD FMR$2,763
Market rentUsed$2,680
Est. payment standard (98%)$2,710
Market rent is below the inferred standard ($2,710, 98% of FMR).
-Principal and interest-$1,701
Loan amount$269,064
Down payment$67,266
Rate6.50%
Term30 years
-Operating costs-$779
Property taxes-$336
Insurance-$175
Utilities$0
HOA$0
Management-$268
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$42,701(63.5% ROI)
Projected value
$362,191
Current value$336,330
Return breakdown
Property appreciation+$25,861
Loan principal paid down+$9,640
Rental cash flow+$7,200
5-year hold
+$73,387(109.1% ROI)
Projected value
$380,527
Current value$336,330
Return breakdown
Property appreciation+$44,197
Loan principal paid down+$17,191
Rental cash flow+$12,000
10-year hold
+$159,163(236.6% ROI)
Projected value
$430,531
Current value$336,330
Return breakdown
Property appreciation+$94,201
Loan principal paid down+$40,962
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.
Studio1.08
Studio
1.08ratio
FMR$2,407
Market$2,230
vs market+$177
FMR is near market; voucher and private rents are aligned.
90% standard$2,166 / 0.97 ratio110% standard$2,648 / 1.19 ratio
1 BR1.20
1 BR
1.20ratio
FMR$2,458
Market$2,050
vs market+$408
FMR is above market; underwrite to market rent.
90% standard$2,212 / 1.08 ratio110% standard$2,704 / 1.32 ratio
2 BR1.03
2 BR
1.03ratio
FMR$2,763
Market$2,680
vs market+$83
FMR is near market; voucher and private rents are aligned.
90% standard$2,487 / 0.93 ratio110% standard$3,039 / 1.13 ratio
3 BR1.26
3 BR
1.26ratio
FMR$3,367
Market$2,680
vs market+$687
FMR is above market; underwrite to market rent.
90% standard$3,030 / 1.13 ratio110% standard$3,704 / 1.38 ratio
4 BR1.37
4 BR
1.37ratio
FMR$3,955
Market$2,880
vs market+$1,075
FMR is above market; underwrite to market rent.
90% standard$3,560 / 1.24 ratio110% standard$4,351 / 1.51 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents for larger 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 07029 (NJ) 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.
07029 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 07029 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,763 and the 4 bedroom fair market rent is $3,955.
Use this page for searches like 07029 FMR, 07029 fair market rent, and 07029 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 | $2,407 |
| 1 bedroom | $2,458 |
| 2 bedroom | $2,763 |
| 3 bedroom | $3,367 |
| 4 bedroom | $3,955 |