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
$293,237
Cost breakdown
+Likely effective rent$2,390
HUD FMR$2,320
Market rent$2,430
Est. payment standard (103%)Used$2,390
Estimated payment standard is $2,390 (103% of FMR).
-Principal and interest-$1,483
Loan amount$234,589
Down payment$58,647
Rate6.50%
Term30 years
-Operating costs-$707
Property taxes-$293
Insurance-$175
Utilities$0
HOA$0
Management-$239
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$38,152(65.1% ROI)
Projected value
$315,784
Current value$293,237
Return breakdown
Property appreciation+$22,547
Loan principal paid down+$8,405
Rental cash flow+$7,200
5-year hold
+$65,522(111.7% ROI)
Projected value
$331,770
Current value$293,237
Return breakdown
Property appreciation+$38,534
Loan principal paid down+$14,988
Rental cash flow+$12,000
10-year hold
+$141,845(241.9% ROI)
Projected value
$375,368
Current value$293,237
Return breakdown
Property appreciation+$82,131
Loan principal paid down+$35,714
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.
Studio1.51
Studio
1.51ratio
FMR$2,020
Market$1,340
vs market+$680
FMR is above market; underwrite to market rent.
90% standard$1,818 / 1.36 ratio110% standard$2,222 / 1.66 ratio
1 BR1.27
1 BR
1.27ratio
FMR$2,120
Market$1,670
vs market+$450
FMR is above market; underwrite to market rent.
90% standard$1,908 / 1.14 ratio110% standard$2,332 / 1.40 ratio
2 BR0.95
2 BR
0.95ratio
FMR$2,320
Market$2,430
vs market-$110
FMR is near market; voucher and private rents are aligned.
90% standard$2,088 / 0.86 ratio110% standard$2,552 / 1.05 ratio
3 BR0.99
3 BR
0.99ratio
FMR$2,860
Market$2,890
vs market-$30
FMR is near market; voucher and private rents are aligned.
90% standard$2,574 / 0.89 ratio110% standard$3,146 / 1.09 ratio
4 BR0.91
4 BR
0.91ratio
FMR$3,630
Market$4,010
vs market-$380
FMR is near market; voucher and private rents are aligned.
90% standard$3,267 / 0.81 ratio110% standard$3,993 / 1.00 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 28204 (NC) 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.
28204 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 28204 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,320 and the 4 bedroom fair market rent is $3,630.
Use this page for searches like 28204 FMR, 28204 fair market rent, and 28204 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 | $2,020 |
| 1 bedroom | $2,120 |
| 2 bedroom | $2,320 |
| 3 bedroom | $2,860 |
| 4 bedroom | $3,630 |