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
$116,403
Cost breakdown
+Likely effective rent$1,200
HUD FMR$1,230
Market rentUsed$1,200
Est. payment standard (98%)$1,210
Market rent is below the inferred standard ($1,210, 98% of FMR).
-Principal and interest-$589
Loan amount$93,122
Down payment$23,281
Rate6.50%
Term30 years
-Operating costs-$411
Property taxes-$116
Insurance-$175
Utilities$0
HOA$0
Management-$120
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$19,487(83.7% ROI)
Projected value
$125,353
Current value$116,403
Return breakdown
Property appreciation+$8,950
Loan principal paid down+$3,336
Rental cash flow+$7,200
5-year hold
+$33,246(142.8% ROI)
Projected value
$131,699
Current value$116,403
Return breakdown
Property appreciation+$15,296
Loan principal paid down+$5,950
Rental cash flow+$12,000
10-year hold
+$70,780(304.0% ROI)
Projected value
$149,006
Current value$116,403
Return breakdown
Property appreciation+$32,603
Loan principal paid down+$14,177
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.
Studio0.82
Studio
0.82ratio
FMR$880
Market$1,070
vs market-$190
FMR is below market; voucher rent may lag private rents.
90% standard$792 / 0.74 ratio110% standard$968 / 0.90 ratio
1 BR0.83
1 BR
0.83ratio
FMR$980
Market$1,180
vs market-$200
FMR is below market; voucher rent may lag private rents.
90% standard$882 / 0.75 ratio110% standard$1,078 / 0.91 ratio
2 BR1.02
2 BR
1.02ratio
FMR$1,230
Market$1,200
vs market+$30
FMR is near market; voucher and private rents are aligned.
90% standard$1,107 / 0.92 ratio110% standard$1,353 / 1.13 ratio
3 BR1.04
3 BR
1.04ratio
FMR$1,500
Market$1,440
vs market+$60
FMR is near market; voucher and private rents are aligned.
90% standard$1,350 / 0.94 ratio110% standard$1,650 / 1.15 ratio
4 BR1.03
4 BR
1.03ratio
FMR$1,630
Market$1,590
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$1,467 / 0.92 ratio110% standard$1,793 / 1.13 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 48223 (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.
48223 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48223 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,230 and the 4 bedroom fair market rent is $1,630.
Use this page for searches like 48223 FMR, 48223 fair market rent, and 48223 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 | $880 |
| 1 bedroom | $980 |
| 2 bedroom | $1,230 |
| 3 bedroom | $1,500 |
| 4 bedroom | $1,630 |