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
$199,619
Cost breakdown
+Likely effective rent$1,760
HUD FMR$1,810
Market rentUsed$1,760
Est. payment standard (98%)$1,780
Market rent is below the inferred standard ($1,780, 98% of FMR).
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Current value$199,619
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Current value$199,619
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Current value$199,619
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
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.
Studio1.24
Studio
1.24ratio
FMR$1,580
Market$1,270
vs market+$310
FMR is above market; underwrite to market rent.
90% standard$1,422 / 1.12 ratio110% standard$1,738 / 1.37 ratio
1 BR1.06
1 BR
1.06ratio
FMR$1,600
Market$1,510
vs market+$90
FMR is near market; voucher and private rents are aligned.
90% standard$1,440 / 0.95 ratio110% standard$1,760 / 1.17 ratio
2 BR1.03
2 BR
1.03ratio
FMR$1,810
Market$1,760
vs market+$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,629 / 0.93 ratio110% standard$1,991 / 1.13 ratio
3 BR1.21
3 BR
1.21ratio
FMR$2,510
Market$2,070
vs market+$440
FMR is above market; underwrite to market rent.
90% standard$2,259 / 1.09 ratio110% standard$2,761 / 1.33 ratio
4 BR1.13
4 BR
1.13ratio
FMR$2,960
Market$2,630
vs market+$330
FMR is above market; underwrite to market rent.
90% standard$2,664 / 1.01 ratio110% standard$3,256 / 1.24 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents for larger 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 23602 (VA) 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.
23602 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 23602 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,810 and the 4 bedroom fair market rent is $2,960.
Use this page for searches like 23602 FMR, 23602 fair market rent, and 23602 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 | $1,580 |
| 1 bedroom | $1,600 |
| 2 bedroom | $1,810 |
| 3 bedroom | $2,510 |
| 4 bedroom | $2,960 |