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
$163,955
Cost breakdown
+Likely effective rent$1,520
HUD FMR$2,040
Market rentUsed$1,520
Est. payment standard (90%)$1,840
Market rent is below the inferred standard ($1,840, 90% of FMR).
-Principal and interest-$829
Loan amount$131,164
Down payment$32,791
Rate6.50%
Term30 years
-Operating costs-$491
Property taxes-$164
Insurance-$175
Utilities$0
HOA$0
Management-$152
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$24,506(74.7% ROI)
Projected value
$176,561
Current value$163,955
Return breakdown
Property appreciation+$12,607
Loan principal paid down+$4,699
Rental cash flow+$7,200
5-year hold
+$41,925(127.9% ROI)
Projected value
$185,500
Current value$163,955
Return breakdown
Property appreciation+$21,545
Loan principal paid down+$8,380
Rental cash flow+$12,000
10-year hold
+$89,889(274.1% ROI)
Projected value
$209,876
Current value$163,955
Return breakdown
Property appreciation+$45,921
Loan principal paid down+$19,968
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.
Studio1.28
Studio
1.28ratio
FMR$1,550
Market$1,210
vs market+$340
FMR is above market; underwrite to market rent.
90% standard$1,395 / 1.15 ratio110% standard$1,705 / 1.41 ratio
1 BR1.47
1 BR
1.47ratio
FMR$1,750
Market$1,190
vs market+$560
FMR is above market; underwrite to market rent.
90% standard$1,575 / 1.32 ratio110% standard$1,925 / 1.62 ratio
2 BR1.34
2 BR
1.34ratio
FMR$2,040
Market$1,520
vs market+$520
FMR is above market; underwrite to market rent.
90% standard$1,836 / 1.21 ratio110% standard$2,244 / 1.48 ratio
3 BR1.55
3 BR
1.55ratio
FMR$2,640
Market$1,700
vs market+$940
FMR is above market; underwrite to market rent.
90% standard$2,376 / 1.40 ratio110% standard$2,904 / 1.71 ratio
4 BR1.59
4 BR
1.59ratio
FMR$3,240
Market$2,040
vs market+$1,200
FMR is above market; underwrite to market rent.
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 46231 (IN) 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.
46231 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 46231 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,040 and the 4 bedroom fair market rent is $3,240.
Use this page for searches like 46231 FMR, 46231 fair market rent, and 46231 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 | $1,550 |
| 1 bedroom | $1,750 |
| 2 bedroom | $2,040 |
| 3 bedroom | $2,640 |
| 4 bedroom | $3,240 |