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
$360,106
Cost breakdown
+Likely effective rent$2,840
HUD FMR$2,763
Market rent$2,880
Est. payment standard (103%)Used$2,840
Estimated payment standard is $2,840 (103% of FMR).
-Principal and interest-$1,821
Loan amount$288,085
Down payment$72,021
Rate6.50%
Term30 years
-Operating costs-$819
Property taxes-$360
Insurance-$175
Utilities$0
HOA$0
Management-$284
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$45,210(62.8% ROI)
Projected value
$387,795
Current value$360,106
Return breakdown
Property appreciation+$27,689
Loan principal paid down+$10,321
Rental cash flow+$7,200
5-year hold
+$77,727(107.9% ROI)
Projected value
$407,427
Current value$360,106
Return breakdown
Property appreciation+$47,321
Loan principal paid down+$18,406
Rental cash flow+$12,000
10-year hold
+$168,718(234.3% ROI)
Projected value
$460,967
Current value$360,106
Return breakdown
Property appreciation+$100,860
Loan principal paid down+$43,858
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.
Studio1.21
Studio
1.21ratio
FMR$2,407
Market$1,990
vs market+$417
FMR is above market; underwrite to market rent.
90% standard$2,166 / 1.09 ratio110% standard$2,648 / 1.33 ratio
1 BR1.03
1 BR
1.03ratio
FMR$2,458
Market$2,380
vs market+$78
FMR is near market; voucher and private rents are aligned.
90% standard$2,212 / 0.93 ratio110% standard$2,704 / 1.14 ratio
2 BR0.96
2 BR
0.96ratio
FMR$2,763
Market$2,880
vs market-$117
FMR is near market; voucher and private rents are aligned.
90% standard$2,487 / 0.86 ratio110% standard$3,039 / 1.06 ratio
3 BR1.09
3 BR
1.09ratio
FMR$3,367
Market$3,080
vs market+$287
FMR is near market; voucher and private rents are aligned.
90% standard$3,030 / 0.98 ratio110% standard$3,704 / 1.20 ratio
4 BR1.28
4 BR
1.28ratio
FMR$3,955
Market$3,080
vs market+$875
FMR is above market; underwrite to market rent.
90% standard$3,560 / 1.16 ratio110% standard$4,351 / 1.41 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 07087 (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.
07087 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 07087 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 07087 FMR, 07087 fair market rent, and 07087 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 |