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
$101,543
Cost breakdown
+Likely effective rent$1,100
HUD FMR$1,040
Market rent$1,130
Est. payment standard (106%)Used$1,100
Estimated payment standard is $1,100 (106% of FMR).
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Current value$101,543
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Current value$101,543
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Current value$101,543
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
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.
Studio0.75
Studio
0.75ratio
FMR$900
Market$1,200
vs market-$300
FMR is below market; voucher rent may lag private rents.
90% standard$810 / 0.68 ratio110% standard$990 / 0.83 ratio
1 BR0.84
1 BR
0.84ratio
FMR$950
Market$1,130
vs market-$180
FMR is below market; voucher rent may lag private rents.
90% standard$855 / 0.76 ratio110% standard$1,045 / 0.92 ratio
2 BR0.92
2 BR
0.92ratio
FMR$1,040
Market$1,130
vs market-$90
FMR is near market; voucher and private rents are aligned.
90% standard$936 / 0.83 ratio110% standard$1,144 / 1.01 ratio
3 BR1.19
3 BR
1.19ratio
FMR$1,450
Market$1,220
vs market+$230
FMR is above market; underwrite to market rent.
90% standard$1,305 / 1.07 ratio110% standard$1,595 / 1.31 ratio
4 BR1.28
4 BR
1.28ratio
FMR$1,740
Market$1,360
vs market+$380
FMR is above market; underwrite to market rent.
90% standard$1,566 / 1.15 ratio110% standard$1,914 / 1.41 ratio
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 24416 (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.
24416 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 24416 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,040 and the 4 bedroom fair market rent is $1,740.
Use this page for searches like 24416 FMR, 24416 fair market rent, and 24416 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 | $900 |
| 1 bedroom | $950 |
| 2 bedroom | $1,040 |
| 3 bedroom | $1,450 |
| 4 bedroom | $1,740 |