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
$141,665
Cost breakdown
+Likely effective rent$1,370
HUD FMR$1,600
Market rentUsed$1,370
Est. payment standard (91%)$1,450
Market rent is below the inferred standard ($1,450, 91% of FMR).
-Principal and interest-$716
Loan amount$113,332
Down payment$28,333
Rate6.50%
Term30 years
-Operating costs-$454
Property taxes-$142
Insurance-$175
Utilities$0
HOA$0
Management-$137
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$22,153(78.2% ROI)
Projected value
$152,558
Current value$141,665
Return breakdown
Property appreciation+$10,893
Loan principal paid down+$4,060
Rental cash flow+$7,200
5-year hold
+$37,857(133.6% ROI)
Projected value
$160,281
Current value$141,665
Return breakdown
Property appreciation+$18,616
Loan principal paid down+$7,241
Rental cash flow+$12,000
10-year hold
+$80,932(285.6% ROI)
Projected value
$181,343
Current value$141,665
Return breakdown
Property appreciation+$39,678
Loan principal paid down+$17,254
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.
Studio0.91
Studio
0.91ratio
FMR$1,140
Market$1,250
vs market-$110
FMR is near market; voucher and private rents are aligned.
90% standard$1,026 / 0.82 ratio110% standard$1,254 / 1.00 ratio
1 BR0.99
1 BR
0.99ratio
FMR$1,270
Market$1,280
vs market-$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,143 / 0.89 ratio110% standard$1,397 / 1.09 ratio
2 BR1.17
2 BR
1.17ratio
FMR$1,600
Market$1,370
vs market+$230
FMR is above market; underwrite to market rent.
90% standard$1,440 / 1.05 ratio110% standard$1,760 / 1.28 ratio
3 BR1.12
3 BR
1.12ratio
FMR$1,950
Market$1,740
vs market+$210
FMR is above market; underwrite to market rent.
90% standard$1,755 / 1.01 ratio110% standard$2,145 / 1.23 ratio
4 BR1.08
4 BR
1.08ratio
FMR$2,120
Market$1,960
vs market+$160
FMR is near market; voucher and private rents are aligned.
90% standard$1,908 / 0.97 ratio110% standard$2,332 / 1.19 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 48240 (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.
48240 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48240 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,600 and the 4 bedroom fair market rent is $2,120.
Use this page for searches like 48240 FMR, 48240 fair market rent, and 48240 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 | $1,140 |
| 1 bedroom | $1,270 |
| 2 bedroom | $1,600 |
| 3 bedroom | $1,950 |
| 4 bedroom | $2,120 |