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
$314,040
Cost breakdown
+Likely effective rent$2,530
HUD FMR$2,486
Market rent$2,550
Est. payment standard (102%)Used$2,530
Estimated payment standard is $2,530 (102% of FMR).
-Principal and interest-$1,588
Loan amount$251,232
Down payment$62,808
Rate6.50%
Term30 years
-Operating costs-$742
Property taxes-$314
Insurance-$175
Utilities$0
HOA$0
Management-$253
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$40,348(64.2% ROI)
Projected value
$338,187
Current value$314,040
Return breakdown
Property appreciation+$24,147
Loan principal paid down+$9,001
Rental cash flow+$7,200
5-year hold
+$69,319(110.4% ROI)
Projected value
$355,308
Current value$314,040
Return breakdown
Property appreciation+$41,267
Loan principal paid down+$16,051
Rental cash flow+$12,000
10-year hold
+$150,205(239.1% ROI)
Projected value
$401,998
Current value$314,040
Return breakdown
Property appreciation+$87,958
Loan principal paid down+$38,247
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.
Studio0.65
Studio
0.65ratio
FMR$1,804
Market$2,790
vs market-$986
FMR is below market; voucher rent may lag private rents.
90% standard$1,624 / 0.58 ratio110% standard$1,984 / 0.71 ratio
1 BR0.93
1 BR
0.93ratio
FMR$1,978
Market$2,120
vs market-$142
FMR is near market; voucher and private rents are aligned.
90% standard$1,780 / 0.84 ratio110% standard$2,176 / 1.03 ratio
2 BR0.97
2 BR
0.97ratio
FMR$2,486
Market$2,550
vs market-$64
FMR is near market; voucher and private rents are aligned.
90% standard$2,237 / 0.88 ratio110% standard$2,735 / 1.07 ratio
3 BR0.81
3 BR
0.81ratio
FMR$2,981
Market$3,670
vs market-$689
FMR is below market; voucher rent may lag private rents.
90% standard$2,683 / 0.73 ratio110% standard$3,279 / 0.89 ratio
4 BR0.69
4 BR
0.69ratio
FMR$3,296
Market$4,770
vs market-$1,474
FMR is below market; voucher rent may lag private rents.
90% standard$2,966 / 0.62 ratio110% standard$3,626 / 0.76 ratio
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 08502 (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.
08502 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 08502 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,486 and the 4 bedroom fair market rent is $3,296.
Use this page for searches like 08502 FMR, 08502 fair market rent, and 08502 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 | $1,804 |
| 1 bedroom | $1,978 |
| 2 bedroom | $2,486 |
| 3 bedroom | $2,981 |
| 4 bedroom | $3,296 |