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
$94,113
Cost breakdown
+Likely effective rent$1,050
HUD FMR$950
Market rent$1,250
Est. payment standard (110%)Used$1,050
Estimated payment standard is $1,050 (110% of FMR).
-Principal and interest-$476
Loan amount$75,290
Down payment$18,823
Rate6.50%
Term30 years
-Operating costs-$374
Property taxes-$94
Insurance-$175
Utilities$0
HOA$0
Management-$105
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$17,134(91.0% ROI)
Projected value
$101,349
Current value$94,113
Return breakdown
Property appreciation+$7,236
Loan principal paid down+$2,697
Rental cash flow+$7,200
5-year hold
+$29,178(155.0% ROI)
Projected value
$106,480
Current value$94,113
Return breakdown
Property appreciation+$12,367
Loan principal paid down+$4,810
Rental cash flow+$12,000
10-year hold
+$61,822(328.4% ROI)
Projected value
$120,473
Current value$94,113
Return breakdown
Property appreciation+$26,360
Loan principal paid down+$11,462
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.
Studio0.85
Studio
0.85ratio
FMR$740
Market$870
vs market-$130
FMR is below market; voucher rent may lag private rents.
90% standard$666 / 0.77 ratio110% standard$814 / 0.94 ratio
1 BR0.79
1 BR
0.79ratio
FMR$770
Market$970
vs market-$200
FMR is below market; voucher rent may lag private rents.
90% standard$693 / 0.71 ratio110% standard$847 / 0.87 ratio
2 BR0.76
2 BR
0.76ratio
FMR$950
Market$1,250
vs market-$300
FMR is below market; voucher rent may lag private rents.
90% standard$855 / 0.68 ratio110% standard$1,045 / 0.84 ratio
3 BR0.73
3 BR
0.73ratio
FMR$1,210
Market$1,660
vs market-$450
FMR is below market; voucher rent may lag private rents.
90% standard$1,089 / 0.66 ratio110% standard$1,331 / 0.80 ratio
4 BR0.77
4 BR
0.77ratio
FMR$1,420
Market$1,850
vs market-$430
FMR is below market; voucher rent may lag private rents.
90% standard$1,278 / 0.69 ratio110% standard$1,562 / 0.84 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for 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 28638 (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.
28638 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 28638 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $950 and the 4 bedroom fair market rent is $1,420.
Use this page for searches like 28638 FMR, 28638 fair market rent, and 28638 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 | $740 |
| 1 bedroom | $770 |
| 2 bedroom | $950 |
| 3 bedroom | $1,210 |
| 4 bedroom | $1,420 |