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
$256,087
Cost breakdown
+Likely effective rent$2,140
HUD FMR$2,080
Market rent$2,170
Est. payment standard (103%)Used$2,140
Estimated payment standard is $2,140 (103% of FMR).
-Principal and interest-$1,295
Loan amount$204,869
Down payment$51,217
Rate6.50%
Term30 years
-Operating costs-$645
Property taxes-$256
Insurance-$175
Utilities$0
HOA$0
Management-$214
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$34,231(66.8% ROI)
Projected value
$275,777
Current value$256,087
Return breakdown
Property appreciation+$19,691
Loan principal paid down+$7,340
Rental cash flow+$7,200
5-year hold
+$58,741(114.7% ROI)
Projected value
$289,739
Current value$256,087
Return breakdown
Property appreciation+$33,652
Loan principal paid down+$13,089
Rental cash flow+$12,000
10-year hold
+$126,915(247.8% ROI)
Projected value
$327,813
Current value$256,087
Return breakdown
Property appreciation+$71,726
Loan principal paid down+$31,189
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.
Studio1.16
Studio
1.16ratio
FMR$1,710
Market$1,480
vs market+$230
FMR is above market; underwrite to market rent.
90% standard$1,539 / 1.04 ratio110% standard$1,881 / 1.27 ratio
1 BR1.08
1 BR
1.08ratio
FMR$1,740
Market$1,610
vs market+$130
FMR is near market; voucher and private rents are aligned.
90% standard$1,566 / 0.97 ratio110% standard$1,914 / 1.19 ratio
2 BR0.96
2 BR
0.96ratio
FMR$2,080
Market$2,170
vs market-$90
FMR is near market; voucher and private rents are aligned.
90% standard$1,872 / 0.86 ratio110% standard$2,288 / 1.05 ratio
3 BR0.88
3 BR
0.88ratio
FMR$2,490
Market$2,820
vs market-$330
FMR is below market; voucher rent may lag private rents.
90% standard$2,241 / 0.79 ratio110% standard$2,739 / 0.97 ratio
4 BR0.83
4 BR
0.83ratio
FMR$2,750
Market$3,300
vs market-$550
FMR is below market; voucher rent may lag private rents.
90% standard$2,475 / 0.75 ratio110% standard$3,025 / 0.92 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 48103 (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.
48103 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48103 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,080 and the 4 bedroom fair market rent is $2,750.
Use this page for searches like 48103 FMR, 48103 fair market rent, and 48103 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 | $1,710 |
| 1 bedroom | $1,740 |
| 2 bedroom | $2,080 |
| 3 bedroom | $2,490 |
| 4 bedroom | $2,750 |