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
$214,479
Cost breakdown
+Likely effective rent$1,860
HUD FMR$1,810
Market rent$1,890
Est. payment standard (103%)Used$1,860
Estimated payment standard is $1,860 (103% of FMR).
-Principal and interest-$1,085
Loan amount$171,583
Down payment$42,896
Rate6.50%
Term30 years
-Operating costs-$575
Property taxes-$214
Insurance-$175
Utilities$0
HOA$0
Management-$186
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$29,839(69.6% ROI)
Projected value
$230,970
Current value$214,479
Return breakdown
Property appreciation+$16,491
Loan principal paid down+$6,147
Rental cash flow+$7,200
5-year hold
+$51,147(119.2% ROI)
Projected value
$242,663
Current value$214,479
Return breakdown
Property appreciation+$28,184
Loan principal paid down+$10,962
Rental cash flow+$12,000
10-year hold
+$110,194(256.9% ROI)
Projected value
$274,551
Current value$214,479
Return breakdown
Property appreciation+$60,072
Loan principal paid down+$26,122
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.
Studio0.87
Studio
0.87ratio
FMR$1,290
Market$1,480
vs market-$190
FMR is below market; voucher rent may lag private rents.
90% standard$1,161 / 0.78 ratio110% standard$1,419 / 0.96 ratio
1 BR0.91
1 BR
0.91ratio
FMR$1,440
Market$1,590
vs market-$150
FMR is near market; voucher and private rents are aligned.
90% standard$1,296 / 0.82 ratio110% standard$1,584 / 1.00 ratio
2 BR0.96
2 BR
0.96ratio
FMR$1,810
Market$1,890
vs market-$80
FMR is near market; voucher and private rents are aligned.
90% standard$1,629 / 0.86 ratio110% standard$1,991 / 1.05 ratio
3 BR0.79
3 BR
0.79ratio
FMR$2,210
Market$2,790
vs market-$580
FMR is below market; voucher rent may lag private rents.
90% standard$1,989 / 0.71 ratio110% standard$2,431 / 0.87 ratio
4 BR0.79
4 BR
0.79ratio
FMR$2,400
Market$3,030
vs market-$630
FMR is below market; voucher rent may lag private rents.
90% standard$2,160 / 0.71 ratio110% standard$2,640 / 0.87 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 48309 (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.
48309 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 48309 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,810 and the 4 bedroom fair market rent is $2,400.
Use this page for searches like 48309 FMR, 48309 fair market rent, and 48309 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 | $1,290 |
| 1 bedroom | $1,440 |
| 2 bedroom | $1,810 |
| 3 bedroom | $2,210 |
| 4 bedroom | $2,400 |