49723
ZIPFMR
Emmet County, MI
BRFMR
Eff. Rent
0 BR$863$863
1 BR$941$941
2 BR$1,235$1,235
3 BR$1,481$1,481
4 BR$1,635$1,635
5 BR$1,880
6 BR$2,162
7 BR$2,487
8 BR$2,860

Purchase Price Calculator

Maximum purchase price
$121,604

Cost breakdown

+Likely effective rent$1,235
HUD FMRUsed$1,235
Market rentN/A
Est. payment standardN/A
HUD FMR fallback; market rent is unavailable.
-Principal and interest-$615
Loan amount$97,283
Down payment$24,321
Rate6.50%
Term30 years
-Operating costs-$420
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,036(82.4% ROI)
Projected value
$130,954
Current value$121,604
Return breakdown
Property appreciation+$9,350
Loan principal paid down+$3,485
Rental cash flow+$7,200
5-year hold
+$34,195(140.6% ROI)
Projected value
$137,584
Current value$121,604
Return breakdown
Property appreciation+$15,980
Loan principal paid down+$6,215
Rental cash flow+$12,000
10-year hold
+$72,870(299.6% ROI)
Projected value
$155,663
Current value$121,604
Return breakdown
Property appreciation+$34,059
Loan principal paid down+$14,810
Rental cash flow+$24,000

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 49723 (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 FMR 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.

49723 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 49723 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,235 and the 4 bedroom fair market rent is $1,635.

Use this page for searches like 49723 FMR, 49723 fair market rent, and 49723 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.

FY 2026 Fair Market Rent by bedroom size for 49723
Bedroom sizeHUD FMR
Studio$863
1 bedroom$941
2 bedroom$1,235
3 bedroom$1,481
4 bedroom$1,635