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
$202,591
Cost breakdown
+Likely effective rent$1,780
HUD FMR$1,760
Market rent$1,790
Est. payment standard (101%)Used$1,780
Estimated payment standard is $1,780 (101% of FMR).
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Current value$202,591
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Current value$202,591
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Current value$202,591
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
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.
Studio0.81
Studio
0.81ratio
FMR$1,260
Market$1,560
vs market-$300
FMR is below market; voucher rent may lag private rents.
90% standard$1,134 / 0.73 ratio110% standard$1,386 / 0.89 ratio
1 BR1.00
1 BR
1.00ratio
FMR$1,400
Market$1,400
vs market+$0
FMR is near market; voucher and private rents are aligned.
90% standard$1,260 / 0.90 ratio110% standard$1,540 / 1.10 ratio
2 BR0.98
2 BR
0.98ratio
FMR$1,760
Market$1,790
vs market-$30
FMR is near market; voucher and private rents are aligned.
90% standard$1,584 / 0.88 ratio110% standard$1,936 / 1.08 ratio
3 BR0.87
3 BR
0.87ratio
FMR$2,150
Market$2,460
vs market-$310
FMR is below market; voucher rent may lag private rents.
90% standard$1,935 / 0.79 ratio110% standard$2,365 / 0.96 ratio
4 BR0.72
4 BR
0.72ratio
FMR$2,330
Market$3,240
vs market-$910
FMR is below market; voucher rent may lag private rents.
90% standard$2,097 / 0.65 ratio110% standard$2,563 / 0.79 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 48042 (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.
48042 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48042 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,760 and the 4 bedroom fair market rent is $2,330.
Use this page for searches like 48042 FMR, 48042 fair market rent, and 48042 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 | $1,260 |
| 1 bedroom | $1,400 |
| 2 bedroom | $1,760 |
| 3 bedroom | $2,150 |
| 4 bedroom | $2,330 |