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
$160,983
Cost breakdown
+Likely effective rent$1,500
HUD FMR$1,640
Market rentUsed$1,500
Est. payment standard (94%)$1,550
Market rent is below the inferred standard ($1,550, 94% of FMR).
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Current value$160,983
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Current value$160,983
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Current value$160,983
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
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.
Studio1.25
Studio
1.25ratio
FMR$1,430
Market$1,140
vs market+$290
FMR is above market; underwrite to market rent.
90% standard$1,287 / 1.13 ratio110% standard$1,573 / 1.38 ratio
1 BR1.20
1 BR
1.20ratio
FMR$1,450
Market$1,210
vs market+$240
FMR is above market; underwrite to market rent.
90% standard$1,305 / 1.08 ratio110% standard$1,595 / 1.32 ratio
2 BR1.09
2 BR
1.09ratio
FMR$1,640
Market$1,500
vs market+$140
FMR is near market; voucher and private rents are aligned.
90% standard$1,476 / 0.98 ratio110% standard$1,804 / 1.20 ratio
3 BR1.18
3 BR
1.18ratio
FMR$2,270
Market$1,930
vs market+$340
FMR is above market; underwrite to market rent.
90% standard$2,043 / 1.06 ratio110% standard$2,497 / 1.29 ratio
4 BR1.20
4 BR
1.20ratio
FMR$2,680
Market$2,230
vs market+$450
FMR is above market; underwrite to market rent.
90% standard$2,412 / 1.08 ratio110% standard$2,948 / 1.32 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 23704 (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.
23704 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 23704 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,640 and the 4 bedroom fair market rent is $2,680.
Use this page for searches like 23704 FMR, 23704 fair market rent, and 23704 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 | $1,430 |
| 1 bedroom | $1,450 |
| 2 bedroom | $1,640 |
| 3 bedroom | $2,270 |
| 4 bedroom | $2,680 |