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
$315,526
Cost breakdown
+Likely effective rent$2,540
HUD FMR$2,328
Market rent$2,660
Est. payment standard (109%)Used$2,540
Estimated payment standard is $2,540 (109% of FMR).
-Principal and interest-$1,595
Loan amount$252,421
Down payment$63,105
Rate6.50%
Term30 years
-Operating costs-$745
Property taxes-$316
Insurance-$175
Utilities$0
HOA$0
Management-$254
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$40,505(64.2% ROI)
Projected value
$339,787
Current value$315,526
Return breakdown
Property appreciation+$24,261
Loan principal paid down+$9,044
Rental cash flow+$7,200
5-year hold
+$69,590(110.3% ROI)
Projected value
$356,989
Current value$315,526
Return breakdown
Property appreciation+$41,463
Loan principal paid down+$16,127
Rental cash flow+$12,000
10-year hold
+$150,802(239.0% ROI)
Projected value
$403,901
Current value$315,526
Return breakdown
Property appreciation+$88,374
Loan principal paid down+$38,428
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.
Studio0.85
Studio
0.85ratio
FMR$1,676
Market$1,970
vs market-$294
FMR is below market; voucher rent may lag private rents.
90% standard$1,508 / 0.77 ratio110% standard$1,844 / 0.94 ratio
1 BR0.94
1 BR
0.94ratio
FMR$1,889
Market$2,000
vs market-$111
FMR is near market; voucher and private rents are aligned.
90% standard$1,700 / 0.85 ratio110% standard$2,078 / 1.04 ratio
2 BR0.88
2 BR
0.88ratio
FMR$2,328
Market$2,660
vs market-$332
FMR is below market; voucher rent may lag private rents.
90% standard$2,095 / 0.79 ratio110% standard$2,561 / 0.96 ratio
3 BR0.93
3 BR
0.93ratio
FMR$3,043
Market$3,280
vs market-$237
FMR is near market; voucher and private rents are aligned.
90% standard$2,739 / 0.83 ratio110% standard$3,347 / 1.02 ratio
4 BR0.89
4 BR
0.89ratio
FMR$3,371
Market$3,800
vs market-$429
FMR is below market; voucher rent may lag private rents.
90% standard$3,034 / 0.80 ratio110% standard$3,708 / 0.98 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 08701 (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.
08701 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 08701 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,328 and the 4 bedroom fair market rent is $3,371.
Use this page for searches like 08701 FMR, 08701 fair market rent, and 08701 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 | $1,676 |
| 1 bedroom | $1,889 |
| 2 bedroom | $2,328 |
| 3 bedroom | $3,043 |
| 4 bedroom | $3,371 |