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
$113,431
Cost breakdown
+Likely effective rent$1,180
HUD FMR$1,260
Market rentUsed$1,180
Est. payment standard (96%)$1,210
Market rent is below the inferred standard ($1,210, 96% of FMR).
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Current value$113,431
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Current value$113,431
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Current value$113,431
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
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.
Studio0.98
Studio
0.98ratio
FMR$910
Market$930
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$819 / 0.88 ratio110% standard$1,001 / 1.08 ratio
1 BR0.98
1 BR
0.98ratio
FMR$1,020
Market$1,040
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$918 / 0.88 ratio110% standard$1,122 / 1.08 ratio
2 BR1.07
2 BR
1.07ratio
FMR$1,260
Market$1,180
vs market+$80
FMR is near market; voucher and private rents are aligned.
90% standard$1,134 / 0.96 ratio110% standard$1,386 / 1.17 ratio
3 BR1.14
3 BR
1.14ratio
FMR$1,660
Market$1,450
vs market+$210
FMR is above market; underwrite to market rent.
90% standard$1,494 / 1.03 ratio110% standard$1,826 / 1.26 ratio
4 BR1.01
4 BR
1.01ratio
FMR$1,760
Market$1,740
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,584 / 0.91 ratio110% standard$1,936 / 1.11 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 49203 (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.
49203 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 49203 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,260 and the 4 bedroom fair market rent is $1,760.
Use this page for searches like 49203 FMR, 49203 fair market rent, and 49203 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 | $910 |
| 1 bedroom | $1,020 |
| 2 bedroom | $1,260 |
| 3 bedroom | $1,660 |
| 4 bedroom | $1,760 |