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
$233,797
Cost breakdown
+Likely effective rent$1,990
HUD FMR$1,810
Market rent$2,280
Est. payment standard (110%)Used$1,990
Estimated payment standard is $1,990 (110% of FMR).
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Current value$233,797
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Current value$233,797
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Current value$233,797
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
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.
Studio0.64
Studio
0.64ratio
FMR$1,397
Market$2,170
vs market-$773
FMR is below market; voucher rent may lag private rents.
90% standard$1,257 / 0.58 ratio110% standard$1,537 / 0.71 ratio
1 BR0.71
1 BR
0.71ratio
FMR$1,520
Market$2,150
vs market-$630
FMR is below market; voucher rent may lag private rents.
90% standard$1,368 / 0.64 ratio110% standard$1,672 / 0.78 ratio
2 BR0.79
2 BR
0.79ratio
FMR$1,810
Market$2,280
vs market-$470
FMR is below market; voucher rent may lag private rents.
90% standard$1,629 / 0.71 ratio110% standard$1,991 / 0.87 ratio
3 BR0.85
3 BR
0.85ratio
FMR$2,170
Market$2,560
vs market-$390
FMR is below market; voucher rent may lag private rents.
90% standard$1,953 / 0.76 ratio110% standard$2,387 / 0.93 ratio
4 BR0.89
4 BR
0.89ratio
FMR$2,423
Market$2,710
vs market-$287
FMR is below market; voucher rent may lag private rents.
90% standard$2,181 / 0.80 ratio110% standard$2,665 / 0.98 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 08224 (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.
08224 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 08224 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,810 and the 4 bedroom fair market rent is $2,423.
Use this page for searches like 08224 FMR, 08224 fair market rent, and 08224 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 | $1,397 |
| 1 bedroom | $1,520 |
| 2 bedroom | $1,810 |
| 3 bedroom | $2,170 |
| 4 bedroom | $2,423 |