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
$159,497
Cost breakdown
+Likely effective rent$1,490
HUD FMR$1,800
Market rentUsed$1,490
Est. payment standard (90%)$1,620
Market rent is below the inferred standard ($1,620, 90% of FMR).
-Principal and interest-$807
Loan amount$127,598
Down payment$31,899
Rate6.50%
Term30 years
-Operating costs-$483
Property taxes-$159
Insurance-$175
Utilities$0
HOA$0
Management-$149
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$24,035(75.3% ROI)
Projected value
$171,761
Current value$159,497
Return breakdown
Property appreciation+$12,264
Loan principal paid down+$4,572
Rental cash flow+$7,200
5-year hold
+$41,111(128.9% ROI)
Projected value
$180,456
Current value$159,497
Return breakdown
Property appreciation+$20,959
Loan principal paid down+$8,152
Rental cash flow+$12,000
10-year hold
+$88,098(276.2% ROI)
Projected value
$204,170
Current value$159,497
Return breakdown
Property appreciation+$44,673
Loan principal paid down+$19,425
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.
Studio1.26
Studio
1.26ratio
FMR$1,290
Market$1,020
vs market+$270
FMR is above market; underwrite to market rent.
90% standard$1,161 / 1.14 ratio110% standard$1,419 / 1.39 ratio
1 BR1.03
1 BR
1.03ratio
FMR$1,430
Market$1,390
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$1,287 / 0.93 ratio110% standard$1,573 / 1.13 ratio
2 BR1.21
2 BR
1.21ratio
FMR$1,800
Market$1,490
vs market+$310
FMR is above market; underwrite to market rent.
90% standard$1,620 / 1.09 ratio110% standard$1,980 / 1.33 ratio
3 BR1.14
3 BR
1.14ratio
FMR$2,200
Market$1,930
vs market+$270
FMR is above market; underwrite to market rent.
90% standard$1,980 / 1.03 ratio110% standard$2,420 / 1.25 ratio
4 BR1.04
4 BR
1.04ratio
FMR$2,380
Market$2,280
vs market+$100
FMR is near market; voucher and private rents are aligned.
90% standard$2,142 / 0.94 ratio110% standard$2,618 / 1.15 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents for larger 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 48120 (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.
48120 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48120 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,800 and the 4 bedroom fair market rent is $2,380.
Use this page for searches like 48120 FMR, 48120 fair market rent, and 48120 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 | $1,290 |
| 1 bedroom | $1,430 |
| 2 bedroom | $1,800 |
| 3 bedroom | $2,200 |
| 4 bedroom | $2,380 |