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
$263,517
Cost breakdown
+Likely effective rent$2,190
HUD FMR$2,670
Market rentUsed$2,190
Est. payment standard (90%)$2,400
Market rent is below the inferred standard ($2,400, 90% of FMR).
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Current value$263,517
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Current value$263,517
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Current value$263,517
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
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.
Studio1.45
Studio
1.45ratio
FMR$2,220
Market$1,530
vs market+$690
FMR is above market; underwrite to market rent.
90% standard$1,998 / 1.31 ratio110% standard$2,442 / 1.60 ratio
1 BR1.38
1 BR
1.38ratio
FMR$2,370
Market$1,720
vs market+$650
FMR is above market; underwrite to market rent.
90% standard$2,133 / 1.24 ratio110% standard$2,607 / 1.52 ratio
2 BR1.22
2 BR
1.22ratio
FMR$2,670
Market$2,190
vs market+$480
FMR is above market; underwrite to market rent.
90% standard$2,403 / 1.10 ratio110% standard$2,937 / 1.34 ratio
3 BR1.31
3 BR
1.31ratio
FMR$3,440
Market$2,620
vs market+$820
FMR is above market; underwrite to market rent.
90% standard$3,096 / 1.18 ratio110% standard$3,784 / 1.44 ratio
4 BR1.20
4 BR
1.20ratio
FMR$3,980
Market$3,320
vs market+$660
FMR is above market; underwrite to market rent.
90% standard$3,582 / 1.08 ratio110% standard$4,378 / 1.32 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 60021 (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.
60021 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60021 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,670 and the 4 bedroom fair market rent is $3,980.
Use this page for searches like 60021 FMR, 60021 fair market rent, and 60021 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 | $2,220 |
| 1 bedroom | $2,370 |
| 2 bedroom | $2,670 |
| 3 bedroom | $3,440 |
| 4 bedroom | $3,980 |