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
$242,713
Cost breakdown
+Likely effective rent$2,050
HUD FMR$1,867
Market rent$8,230
Est. payment standard (110%)Used$2,050
Estimated payment standard is $2,050 (110% of FMR).
-Principal and interest-$1,227
Loan amount$194,170
Down payment$48,543
Rate6.50%
Term30 years
-Operating costs-$623
Property taxes-$243
Insurance-$175
Utilities$0
HOA$0
Management-$205
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$32,819(67.6% ROI)
Projected value
$261,375
Current value$242,713
Return breakdown
Property appreciation+$18,662
Loan principal paid down+$6,957
Rental cash flow+$7,200
5-year hold
+$56,300(116.0% ROI)
Projected value
$274,607
Current value$242,713
Return breakdown
Property appreciation+$31,894
Loan principal paid down+$12,406
Rental cash flow+$12,000
10-year hold
+$121,540(250.4% ROI)
Projected value
$310,693
Current value$242,713
Return breakdown
Property appreciation+$67,980
Loan principal paid down+$29,560
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.
Studio0.10
Studio
0.10ratio
FMR$1,346
Market$12,890
vs market-$11,544
FMR is below market; voucher rent may lag private rents.
1 BR0.90
1 BR
0.90ratio
FMR$1,537
Market$1,700
vs market-$163
FMR is near market; voucher and private rents are aligned.
90% standard$1,383 / 0.81 ratio110% standard$1,691 / 0.99 ratio
2 BR0.23
2 BR
0.23ratio
FMR$1,867
Market$8,230
vs market-$6,363
FMR is below market; voucher rent may lag private rents.
3 BR0.18
3 BR
0.18ratio
FMR$2,586
Market$14,280
vs market-$11,694
FMR is below market; voucher rent may lag private rents.
4 BR0.23
4 BR
0.23ratio
FMR$2,851
Market$12,610
vs market-$9,759
FMR is below market; voucher rent may lag private rents.
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for smaller 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 08402 (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.
08402 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 08402 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,867 and the 4 bedroom fair market rent is $2,851.
Use this page for searches like 08402 FMR, 08402 fair market rent, and 08402 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 | $1,346 |
| 1 bedroom | $1,537 |
| 2 bedroom | $1,867 |
| 3 bedroom | $2,586 |
| 4 bedroom | $2,851 |