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
$205,563
Cost breakdown
+Likely effective rent$1,800
HUD FMR$1,640
Market rent$2,010
Est. payment standard (110%)Used$1,800
Estimated payment standard is $1,800 (110% of FMR).
-Principal and interest-$1,039
Loan amount$164,450
Down payment$41,113
Rate6.50%
Term30 years
-Operating costs-$561
Property taxes-$206
Insurance-$175
Utilities$0
HOA$0
Management-$180
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$28,898(70.3% ROI)
Projected value
$221,369
Current value$205,563
Return breakdown
Property appreciation+$15,806
Loan principal paid down+$5,892
Rental cash flow+$7,200
5-year hold
+$49,519(120.4% ROI)
Projected value
$232,575
Current value$205,563
Return breakdown
Property appreciation+$27,013
Loan principal paid down+$10,507
Rental cash flow+$12,000
10-year hold
+$106,611(259.3% ROI)
Projected value
$263,138
Current value$205,563
Return breakdown
Property appreciation+$57,575
Loan principal paid down+$25,036
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.
Studio1.02
Studio
1.02ratio
FMR$1,280
Market$1,260
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,152 / 0.91 ratio110% standard$1,408 / 1.12 ratio
1 BR1.15
1 BR
1.15ratio
FMR$1,500
Market$1,310
vs market+$190
FMR is above market; underwrite to market rent.
90% standard$1,350 / 1.03 ratio110% standard$1,650 / 1.26 ratio
2 BR0.82
2 BR
0.82ratio
FMR$1,640
Market$2,010
vs market-$370
FMR is below market; voucher rent may lag private rents.
90% standard$1,476 / 0.73 ratio110% standard$1,804 / 0.90 ratio
3 BR0.83
3 BR
0.83ratio
FMR$1,990
Market$2,410
vs market-$420
FMR is below market; voucher rent may lag private rents.
90% standard$1,791 / 0.74 ratio110% standard$2,189 / 0.91 ratio
4 BR0.85
4 BR
0.85ratio
FMR$2,750
Market$3,220
vs market-$470
FMR is below market; voucher rent may lag private rents.
90% standard$2,475 / 0.77 ratio110% standard$3,025 / 0.94 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 28816 (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.
28816 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 28816 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,640 and the 4 bedroom fair market rent is $2,750.
Use this page for searches like 28816 FMR, 28816 fair market rent, and 28816 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 | $1,280 |
| 1 bedroom | $1,500 |
| 2 bedroom | $1,640 |
| 3 bedroom | $1,990 |
| 4 bedroom | $2,750 |