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
$306,610
Cost breakdown
+Likely effective rent$2,480
HUD FMR$2,324
Market rent$2,560
Est. payment standard (107%)Used$2,480
Estimated payment standard is $2,480 (107% of FMR).
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Current value$306,610
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Current value$306,610
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Current value$306,610
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
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.
Studio0.63
Studio
0.63ratio
FMR$1,778
Market$2,840
vs market-$1,062
FMR is below market; voucher rent may lag private rents.
90% standard$1,600 / 0.56 ratio110% standard$1,956 / 0.69 ratio
1 BR1.18
1 BR
1.18ratio
FMR$2,024
Market$1,720
vs market+$304
FMR is above market; underwrite to market rent.
90% standard$1,822 / 1.06 ratio110% standard$2,226 / 1.29 ratio
2 BR0.91
2 BR
0.91ratio
FMR$2,324
Market$2,560
vs market-$236
FMR is near market; voucher and private rents are aligned.
90% standard$2,092 / 0.82 ratio110% standard$2,556 / 1.00 ratio
3 BR0.91
3 BR
0.91ratio
FMR$2,835
Market$3,100
vs market-$265
FMR is near market; voucher and private rents are aligned.
90% standard$2,552 / 0.82 ratio110% standard$3,119 / 1.01 ratio
4 BR1.00
4 BR
1.00ratio
FMR$3,618
Market$3,630
vs market-$12
FMR is near market; voucher and private rents are aligned.
90% standard$3,256 / 0.90 ratio110% standard$3,980 / 1.10 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 07502 (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.
07502 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 07502 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,324 and the 4 bedroom fair market rent is $3,618.
Use this page for searches like 07502 FMR, 07502 fair market rent, and 07502 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 | $1,778 |
| 1 bedroom | $2,024 |
| 2 bedroom | $2,324 |
| 3 bedroom | $2,835 |
| 4 bedroom | $3,618 |