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
$155,039
Cost breakdown
+Likely effective rent$1,460
HUD FMR$1,850
Market rentUsed$1,460
Est. payment standard (90%)$1,670
Market rent is below the inferred standard ($1,670, 90% of FMR).
-Principal and interest-$784
Loan amount$124,031
Down payment$31,008
Rate6.50%
Term30 years
-Operating costs-$476
Property taxes-$155
Insurance-$175
Utilities$0
HOA$0
Management-$146
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$23,565(76.0% ROI)
Projected value
$166,960
Current value$155,039
Return breakdown
Property appreciation+$11,921
Loan principal paid down+$4,444
Rental cash flow+$7,200
5-year hold
+$40,298(130.0% ROI)
Projected value
$175,412
Current value$155,039
Return breakdown
Property appreciation+$20,373
Loan principal paid down+$7,924
Rental cash flow+$12,000
10-year hold
+$86,306(278.3% ROI)
Projected value
$198,463
Current value$155,039
Return breakdown
Property appreciation+$43,424
Loan principal paid down+$18,882
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.
Studio1.52
Studio
1.52ratio
FMR$1,610
Market$1,060
vs market+$550
FMR is above market; underwrite to market rent.
90% standard$1,449 / 1.37 ratio110% standard$1,771 / 1.67 ratio
1 BR1.74
1 BR
1.74ratio
FMR$1,690
Market$970
vs market+$720
FMR is above market; underwrite to market rent.
2 BR1.27
2 BR
1.27ratio
FMR$1,850
Market$1,460
vs market+$390
FMR is above market; underwrite to market rent.
90% standard$1,665 / 1.14 ratio110% standard$2,035 / 1.39 ratio
3 BR1.21
3 BR
1.21ratio
FMR$2,280
Market$1,880
vs market+$400
FMR is above market; underwrite to market rent.
90% standard$2,052 / 1.09 ratio110% standard$2,508 / 1.33 ratio
4 BR1.31
4 BR
1.31ratio
FMR$2,890
Market$2,200
vs market+$690
FMR is above market; underwrite to market rent.
90% standard$2,601 / 1.18 ratio110% standard$3,179 / 1.45 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents across all bedroom 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 28223 (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.
28223 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 28223 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,850 and the 4 bedroom fair market rent is $2,890.
Use this page for searches like 28223 FMR, 28223 fair market rent, and 28223 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 | $1,610 |
| 1 bedroom | $1,690 |
| 2 bedroom | $1,850 |
| 3 bedroom | $2,280 |
| 4 bedroom | $2,890 |