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
$178,815
Cost breakdown
+Likely effective rent$1,620
HUD FMR$1,570
Market rent$1,650
Est. payment standard (103%)Used$1,620
Estimated payment standard is $1,620 (103% of FMR).
-Principal and interest-$904
Loan amount$143,052
Down payment$35,763
Rate6.50%
Term30 years
-Operating costs-$516
Property taxes-$179
Insurance-$175
Utilities$0
HOA$0
Management-$162
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$26,074(72.9% ROI)
Projected value
$192,564
Current value$178,815
Return breakdown
Property appreciation+$13,749
Loan principal paid down+$5,125
Rental cash flow+$7,200
5-year hold
+$44,637(124.8% ROI)
Projected value
$202,313
Current value$178,815
Return breakdown
Property appreciation+$23,498
Loan principal paid down+$9,140
Rental cash flow+$12,000
10-year hold
+$95,861(268.0% ROI)
Projected value
$228,898
Current value$178,815
Return breakdown
Property appreciation+$50,083
Loan principal paid down+$21,778
Rental cash flow+$24,000
Rolodex
Upgrade to access AI-powered research tools
UpgradeMarket Alignment
FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.
Studio0.72
Studio
0.72ratio
FMR$1,280
Market$1,780
vs market-$500
FMR is below market; voucher rent may lag private rents.
90% standard$1,152 / 0.65 ratio110% standard$1,408 / 0.79 ratio
1 BR0.77
1 BR
0.77ratio
FMR$1,400
Market$1,810
vs market-$410
FMR is below market; voucher rent may lag private rents.
90% standard$1,260 / 0.70 ratio110% standard$1,540 / 0.85 ratio
2 BR0.95
2 BR
0.95ratio
FMR$1,570
Market$1,650
vs market-$80
FMR is near market; voucher and private rents are aligned.
90% standard$1,413 / 0.86 ratio110% standard$1,727 / 1.05 ratio
3 BR1.25
3 BR
1.25ratio
FMR$2,070
Market$1,650
vs market+$420
FMR is above market; underwrite to market rent.
90% standard$1,863 / 1.13 ratio110% standard$2,277 / 1.38 ratio
4 BR1.19
4 BR
1.19ratio
FMR$2,420
Market$2,040
vs market+$380
FMR is above market; underwrite to market rent.
90% standard$2,178 / 1.07 ratio110% standard$2,662 / 1.30 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 38016 (TN) 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.
38016 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 38016 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,570 and the 4 bedroom fair market rent is $2,420.
Use this page for searches like 38016 FMR, 38016 fair market rent, and 38016 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 | $1,400 |
| 2 bedroom | $1,570 |
| 3 bedroom | $2,070 |
| 4 bedroom | $2,420 |