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$1,640
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
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UpgradeMarket Alignment
FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.
Studio0.84
Studio
0.84ratio
FMR$1,120
Market$1,330
vs market-$210
FMR is below market; voucher rent may lag private rents.
90% standard$1,008 / 0.76 ratio110% standard$1,232 / 0.93 ratio
1 BR0.93
1 BR
0.93ratio
FMR$1,250
Market$1,350
vs market-$100
FMR is near market; voucher and private rents are aligned.
90% standard$1,125 / 0.83 ratio110% standard$1,375 / 1.02 ratio
2 BR0.96
2 BR
0.96ratio
FMR$1,570
Market$1,640
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,413 / 0.86 ratio110% standard$1,727 / 1.05 ratio
3 BR1.14
3 BR
1.14ratio
FMR$1,920
Market$1,680
vs market+$240
FMR is above market; underwrite to market rent.
90% standard$1,728 / 1.03 ratio110% standard$2,112 / 1.26 ratio
4 BR1.11
4 BR
1.11ratio
FMR$2,080
Market$1,880
vs market+$200
FMR is above market; underwrite to market rent.
90% standard$1,872 / 1.00 ratio110% standard$2,288 / 1.22 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 48048 (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.
48048 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48048 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 $2,080.
Use this page for searches like 48048 FMR, 48048 fair market rent, and 48048 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 | $1,120 |
| 1 bedroom | $1,250 |
| 2 bedroom | $1,570 |
| 3 bedroom | $1,920 |
| 4 bedroom | $2,080 |