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Westchester County/SHENOROCK/10587

10587

ZIPSAFMR
Westchester County, NY
Zillow
BRFMR
Eff. Rent
0 BR$2,560▲$2,250
1 BR$2,690▲$2,700
2 BR$2,950▲$3,240
3 BR$3,690▲$4,030
4 BR$4,010▲$4,410
5 BR$4,612▲—
6 BR$5,303▲—
7 BR$6,099▲—
8 BR$7,014▲—

Purchase Price Calculator

Maximum purchase price
$419,546

Cost breakdown

+Likely effective rent$3,240
HUD FMR$2,950
Market rent$3,400
Est. payment standard (110%)Used$3,240
Estimated payment standard is $3,240 (110% of FMR).
-Principal and interest-$2,121
Loan amount$335,637
Down payment$83,909
Rate6.50%
Term30 years
-Operating costs-$919
Property taxes-$420
Insurance-$175
Utilities$0
HOA$0
Management-$324
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,484(61.4% ROI)
Projected value
$451,805
Current value$419,546
Return breakdown
Property appreciation+$32,259
Loan principal paid down+$12,025
Rental cash flow+$7,200
5-year hold
+$88,576(105.6% ROI)
Projected value
$474,678
Current value$419,546
Return breakdown
Property appreciation+$55,132
Loan principal paid down+$21,444
Rental cash flow+$12,000
10-year hold
+$192,605(229.5% ROI)
Projected value
$537,055
Current value$419,546
Return breakdown
Property appreciation+$117,508
Loan principal paid down+$51,097
Rental cash flow+$24,000

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.14ratio
FMR$2,560
Market$2,250
vs market+$310

FMR is above market; underwrite to market rent.

90% standard$2,304 / 1.02 ratio110% standard$2,816 / 1.25 ratio
1.14
1 BR
1 BR
0.99ratio
FMR$2,690
Market$2,710
vs market-$20

FMR is near market; voucher and private rents are aligned.

90% standard$2,421 / 0.89 ratio110% standard$2,959 / 1.09 ratio
0.99
2 BR
2 BR
0.87ratio
FMR$2,950
Market$3,400
vs market-$450

FMR is below market; voucher rent may lag private rents.

90% standard$2,655 / 0.78 ratio110% standard$3,245 / 0.95 ratio
0.87
3 BR
3 BR
0.87ratio
FMR$3,690
Market$4,220
vs market-$530

FMR is below market; voucher rent may lag private rents.

90% standard$3,321 / 0.79 ratio110% standard$4,059 / 0.96 ratio
0.87
4 BR
4 BR
0.78ratio
FMR$4,010
Market$5,140
vs market-$1,130

FMR is below market; voucher rent may lag private rents.

90% standard$3,609 / 0.70 ratio110% standard$4,411 / 0.86 ratio
0.78
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

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 10587 (NY) 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 SAFMR 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.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page

10587 fair market rent benchmarks

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 10587 shows monthly rent benchmarks by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,950 and the 4 bedroom fair market rent is $4,010.

Use these values to compare bedroom-size rent benchmarks and screen a property's rent assumptions. Local housing authorities set voucher payment standards, which may be above or below published HUD FMR, so confirm the applicable authority and current schedule before underwriting a property. Read the FMR and payment-standard guide for the full verification workflow.

FY 2026 Fair Market Rent by bedroom size for 10587
Bedroom sizeHUD FMR
Studio$2,560
1 bedroom$2,690
2 bedroom$2,950
3 bedroom$3,690
4 bedroom$4,010
Westchester County fair market rentSHENOROCK, NY fair market rent