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
$114,917
Cost breakdown
+Likely effective rent$1,190
HUD FMR$1,220
Market rentUsed$1,190
Est. payment standard (98%)$1,200
Market rent is below the inferred standard ($1,200, 98% of FMR).
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Current value$114,917
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Current value$114,917
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Current value$114,917
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
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.
Studio0.83
Studio
0.83ratio
FMR$870
Market$1,050
vs market-$180
FMR is below market; voucher rent may lag private rents.
90% standard$783 / 0.75 ratio110% standard$957 / 0.91 ratio
1 BR0.90
1 BR
0.90ratio
FMR$970
Market$1,080
vs market-$110
FMR is below market; voucher rent may lag private rents.
90% standard$873 / 0.81 ratio110% standard$1,067 / 0.99 ratio
2 BR1.03
2 BR
1.03ratio
FMR$1,220
Market$1,190
vs market+$30
FMR is near market; voucher and private rents are aligned.
90% standard$1,098 / 0.92 ratio110% standard$1,342 / 1.13 ratio
3 BR1.12
3 BR
1.12ratio
FMR$1,490
Market$1,330
vs market+$160
FMR is above market; underwrite to market rent.
90% standard$1,341 / 1.01 ratio110% standard$1,639 / 1.23 ratio
4 BR1.01
4 BR
1.01ratio
FMR$1,620
Market$1,610
vs market+$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,458 / 0.91 ratio110% standard$1,782 / 1.11 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 48227 (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.
48227 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48227 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,220 and the 4 bedroom fair market rent is $1,620.
Use this page for searches like 48227 FMR, 48227 fair market rent, and 48227 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 | $870 |
| 1 bedroom | $970 |
| 2 bedroom | $1,220 |
| 3 bedroom | $1,490 |
| 4 bedroom | $1,620 |