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
$230,825
Cost breakdown
+Likely effective rent$1,970
HUD FMR$1,950
Market rent$1,980
Est. payment standard (101%)Used$1,970
Estimated payment standard is $1,970 (101% of FMR).
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Current value$230,825
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Current value$230,825
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Current value$230,825
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
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.
Studio0.80
Studio
0.80ratio
FMR$1,344
Market$1,670
vs market-$326
FMR is below market; voucher rent may lag private rents.
90% standard$1,210 / 0.72 ratio110% standard$1,478 / 0.89 ratio
1 BR0.91
1 BR
0.91ratio
FMR$1,545
Market$1,700
vs market-$155
FMR is near market; voucher and private rents are aligned.
90% standard$1,391 / 0.82 ratio110% standard$1,700 / 1.00 ratio
2 BR0.98
2 BR
0.98ratio
FMR$1,950
Market$1,980
vs market-$30
FMR is near market; voucher and private rents are aligned.
90% standard$1,755 / 0.89 ratio110% standard$2,145 / 1.08 ratio
3 BR1.06
3 BR
1.06ratio
FMR$2,338
Market$2,200
vs market+$138
FMR is near market; voucher and private rents are aligned.
90% standard$2,104 / 0.96 ratio110% standard$2,572 / 1.17 ratio
4 BR1.09
4 BR
1.09ratio
FMR$2,670
Market$2,440
vs market+$230
FMR is near market; voucher and private rents are aligned.
90% standard$2,403 / 0.98 ratio110% standard$2,937 / 1.20 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 08609 (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.
08609 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 08609 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,950 and the 4 bedroom fair market rent is $2,670.
Use this page for searches like 08609 FMR, 08609 fair market rent, and 08609 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 | $1,344 |
| 1 bedroom | $1,545 |
| 2 bedroom | $1,950 |
| 3 bedroom | $2,338 |
| 4 bedroom | $2,670 |