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
$207,049
Cost breakdown
+Likely effective rent$1,810
HUD FMR$1,880
Market rentUsed$1,810
Est. payment standard (98%)$1,830
Market rent is below the inferred standard ($1,830, 98% of FMR).
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Current value$207,049
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Current value$207,049
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Current value$207,049
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
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.
Studio0.60
Studio
0.60ratio
FMR$1,340
Market$2,230
vs market-$890
FMR is below market; voucher rent may lag private rents.
90% standard$1,206 / 0.54 ratio110% standard$1,474 / 0.66 ratio
1 BR0.88
1 BR
0.88ratio
FMR$1,490
Market$1,700
vs market-$210
FMR is below market; voucher rent may lag private rents.
90% standard$1,341 / 0.79 ratio110% standard$1,639 / 0.96 ratio
2 BR1.04
2 BR
1.04ratio
FMR$1,880
Market$1,810
vs market+$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,692 / 0.93 ratio110% standard$2,068 / 1.14 ratio
3 BR0.85
3 BR
0.85ratio
FMR$2,300
Market$2,700
vs market-$400
FMR is below market; voucher rent may lag private rents.
90% standard$2,070 / 0.77 ratio110% standard$2,530 / 0.94 ratio
4 BR0.85
4 BR
0.85ratio
FMR$2,490
Market$2,940
vs market-$450
FMR is below market; voucher rent may lag private rents.
90% standard$2,241 / 0.76 ratio110% standard$2,739 / 0.93 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 48188 (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.
48188 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48188 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,880 and the 4 bedroom fair market rent is $2,490.
Use this page for searches like 48188 FMR, 48188 fair market rent, and 48188 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 | $1,340 |
| 1 bedroom | $1,490 |
| 2 bedroom | $1,880 |
| 3 bedroom | $2,300 |
| 4 bedroom | $2,490 |