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
$210,021
Cost breakdown
+Likely effective rent$1,830
HUD FMR$1,660
Market rent$2,660
Est. payment standard (110%)Used$1,830
Estimated payment standard is $1,830 (110% of FMR).
-Principal and interest-$1,062
Loan amount$168,017
Down payment$42,004
Rate6.50%
Term30 years
-Operating costs-$568
Property taxes-$210
Insurance-$175
Utilities$0
HOA$0
Management-$183
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$29,368(69.9% ROI)
Projected value
$226,169
Current value$210,021
Return breakdown
Property appreciation+$16,149
Loan principal paid down+$6,020
Rental cash flow+$7,200
5-year hold
+$50,333(119.8% ROI)
Projected value
$237,619
Current value$210,021
Return breakdown
Property appreciation+$27,598
Loan principal paid down+$10,735
Rental cash flow+$12,000
10-year hold
+$108,402(258.1% ROI)
Projected value
$268,844
Current value$210,021
Return breakdown
Property appreciation+$58,824
Loan principal paid down+$25,579
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.
Studio0.67
Studio
0.67ratio
FMR$1,140
Market$1,710
vs market-$570
FMR is below market; voucher rent may lag private rents.
90% standard$1,026 / 0.60 ratio110% standard$1,254 / 0.73 ratio
1 BR0.96
1 BR
0.96ratio
FMR$1,510
Market$1,580
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,359 / 0.86 ratio110% standard$1,661 / 1.05 ratio
2 BR0.62
2 BR
0.62ratio
FMR$1,660
Market$2,660
vs market-$1,000
FMR is below market; voucher rent may lag private rents.
90% standard$1,494 / 0.56 ratio110% standard$1,826 / 0.69 ratio
3 BR0.59
3 BR
0.59ratio
FMR$2,180
Market$3,690
vs market-$1,510
FMR is below market; voucher rent may lag private rents.
90% standard$1,962 / 0.53 ratio110% standard$2,398 / 0.65 ratio
4 BR0.54
4 BR
0.54ratio
FMR$2,320
Market$4,330
vs market-$2,010
FMR is below market; voucher rent may lag private rents.
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for smaller 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 28408 (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.
28408 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 28408 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,660 and the 4 bedroom fair market rent is $2,320.
Use this page for searches like 28408 FMR, 28408 fair market rent, and 28408 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 | $1,140 |
| 1 bedroom | $1,510 |
| 2 bedroom | $1,660 |
| 3 bedroom | $2,180 |
| 4 bedroom | $2,320 |