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
$132,749
Cost breakdown
+Likely effective rent$1,310
HUD FMR$1,190
Market rent$1,640
Est. payment standard (110%)Used$1,310
Estimated payment standard is $1,310 (110% of FMR).
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Current value$132,749
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Current value$132,749
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Current value$132,749
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
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.
Studio0.75
Studio
0.75ratio
FMR$850
Market$1,130
vs market-$280
FMR is below market; voucher rent may lag private rents.
90% standard$765 / 0.68 ratio110% standard$935 / 0.83 ratio
1 BR0.69
1 BR
0.69ratio
FMR$950
Market$1,380
vs market-$430
FMR is below market; voucher rent may lag private rents.
90% standard$855 / 0.62 ratio110% standard$1,045 / 0.76 ratio
2 BR0.73
2 BR
0.73ratio
FMR$1,190
Market$1,640
vs market-$450
FMR is below market; voucher rent may lag private rents.
90% standard$1,071 / 0.65 ratio110% standard$1,309 / 0.80 ratio
3 BR0.87
3 BR
0.87ratio
FMR$1,450
Market$1,660
vs market-$210
FMR is below market; voucher rent may lag private rents.
90% standard$1,305 / 0.79 ratio110% standard$1,595 / 0.96 ratio
4 BR0.93
4 BR
0.93ratio
FMR$1,580
Market$1,690
vs market-$110
FMR is near market; voucher and private rents are aligned.
90% standard$1,422 / 0.84 ratio110% standard$1,738 / 1.03 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 48215 (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.
48215 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48215 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,190 and the 4 bedroom fair market rent is $1,580.
Use this page for searches like 48215 FMR, 48215 fair market rent, and 48215 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 | $850 |
| 1 bedroom | $950 |
| 2 bedroom | $1,190 |
| 3 bedroom | $1,450 |
| 4 bedroom | $1,580 |