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
$198,133
Cost breakdown
+Likely effective rent$1,750
HUD FMR$1,650
Market rent$1,810
Est. payment standard (106%)Used$1,750
Estimated payment standard is $1,750 (106% of FMR).
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Current value$198,133
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Current value$198,133
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Current value$198,133
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
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.
Studio0.98
Studio
0.98ratio
FMR$1,180
Market$1,200
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,062 / 0.89 ratio110% standard$1,298 / 1.08 ratio
1 BR1.07
1 BR
1.07ratio
FMR$1,310
Market$1,220
vs market+$90
FMR is near market; voucher and private rents are aligned.
90% standard$1,179 / 0.97 ratio110% standard$1,441 / 1.18 ratio
2 BR0.91
2 BR
0.91ratio
FMR$1,650
Market$1,810
vs market-$160
FMR is near market; voucher and private rents are aligned.
90% standard$1,485 / 0.82 ratio110% standard$1,815 / 1.00 ratio
3 BR0.89
3 BR
0.89ratio
FMR$2,020
Market$2,260
vs market-$240
FMR is below market; voucher rent may lag private rents.
90% standard$1,818 / 0.80 ratio110% standard$2,222 / 0.98 ratio
4 BR0.74
4 BR
0.74ratio
FMR$2,180
Market$2,930
vs market-$750
FMR is below market; voucher rent may lag private rents.
90% standard$1,962 / 0.67 ratio110% standard$2,398 / 0.82 ratio
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 48038 (MI) 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.
48038 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48038 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,650 and the 4 bedroom fair market rent is $2,180.
Use this page for searches like 48038 FMR, 48038 fair market rent, and 48038 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 | $1,180 |
| 1 bedroom | $1,310 |
| 2 bedroom | $1,650 |
| 3 bedroom | $2,020 |
| 4 bedroom | $2,180 |