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
$146,123
Cost breakdown
+Likely effective rent$1,400
HUD FMR$1,750
Market rentUsed$1,400
Est. payment standard (90%)$1,580
Market rent is below the inferred standard ($1,580, 90% of FMR).
-Principal and interest-$739
Loan amount$116,898
Down payment$29,225
Rate6.50%
Term30 years
-Operating costs-$461
Property taxes-$146
Insurance-$175
Utilities$0
HOA$0
Management-$140
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$22,624(77.4% ROI)
Projected value
$157,358
Current value$146,123
Return breakdown
Property appreciation+$11,235
Loan principal paid down+$4,188
Rental cash flow+$7,200
5-year hold
+$38,670(132.3% ROI)
Projected value
$165,325
Current value$146,123
Return breakdown
Property appreciation+$19,202
Loan principal paid down+$7,469
Rental cash flow+$12,000
10-year hold
+$82,723(283.1% ROI)
Projected value
$187,050
Current value$146,123
Return breakdown
Property appreciation+$40,927
Loan principal paid down+$17,796
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.
Studio1.28
Studio
1.28ratio
FMR$1,450
Market$1,130
vs market+$320
FMR is above market; underwrite to market rent.
90% standard$1,305 / 1.15 ratio110% standard$1,595 / 1.41 ratio
1 BR1.17
1 BR
1.17ratio
FMR$1,550
Market$1,320
vs market+$230
FMR is above market; underwrite to market rent.
90% standard$1,395 / 1.06 ratio110% standard$1,705 / 1.29 ratio
2 BR1.25
2 BR
1.25ratio
FMR$1,750
Market$1,400
vs market+$350
FMR is above market; underwrite to market rent.
90% standard$1,575 / 1.13 ratio110% standard$1,925 / 1.38 ratio
3 BR1.22
3 BR
1.22ratio
FMR$2,250
Market$1,840
vs market+$410
FMR is above market; underwrite to market rent.
90% standard$2,025 / 1.10 ratio110% standard$2,475 / 1.35 ratio
4 BR1.28
4 BR
1.28ratio
FMR$2,610
Market$2,040
vs market+$570
FMR is above market; underwrite to market rent.
90% standard$2,349 / 1.15 ratio110% standard$2,871 / 1.41 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents across all bedroom 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 60006 (IL) 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.
60006 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60006 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,750 and the 4 bedroom fair market rent is $2,610.
Use this page for searches like 60006 FMR, 60006 fair market rent, and 60006 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 | $1,450 |
| 1 bedroom | $1,550 |
| 2 bedroom | $1,750 |
| 3 bedroom | $2,250 |
| 4 bedroom | $2,610 |