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
$328,900
Cost breakdown
+Likely effective rent$2,630
HUD FMR$2,390
Market rent$3,070
Est. payment standard (110%)Used$2,630
Estimated payment standard is $2,630 (110% of FMR).
-Principal and interest-$1,663
Loan amount$263,120
Down payment$65,780
Rate6.50%
Term30 years
-Operating costs-$767
Property taxes-$329
Insurance-$175
Utilities$0
HOA$0
Management-$263
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$41,916(63.7% ROI)
Projected value
$354,190
Current value$328,900
Return breakdown
Property appreciation+$25,289
Loan principal paid down+$9,427
Rental cash flow+$7,200
5-year hold
+$72,031(109.5% ROI)
Projected value
$372,121
Current value$328,900
Return breakdown
Property appreciation+$43,220
Loan principal paid down+$16,811
Rental cash flow+$12,000
10-year hold
+$156,177(237.4% ROI)
Projected value
$421,020
Current value$328,900
Return breakdown
Property appreciation+$92,120
Loan principal paid down+$40,057
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.
Studio1.21
Studio
1.21ratio
FMR$1,990
Market$1,640
vs market+$350
FMR is above market; underwrite to market rent.
90% standard$1,791 / 1.09 ratio110% standard$2,189 / 1.33 ratio
1 BR0.99
1 BR
0.99ratio
FMR$2,120
Market$2,150
vs market-$30
FMR is near market; voucher and private rents are aligned.
90% standard$1,908 / 0.89 ratio110% standard$2,332 / 1.08 ratio
2 BR0.78
2 BR
0.78ratio
FMR$2,390
Market$3,070
vs market-$680
FMR is below market; voucher rent may lag private rents.
90% standard$2,151 / 0.70 ratio110% standard$2,629 / 0.86 ratio
3 BR0.82
3 BR
0.82ratio
FMR$3,080
Market$3,750
vs market-$670
FMR is below market; voucher rent may lag private rents.
90% standard$2,772 / 0.74 ratio110% standard$3,388 / 0.90 ratio
4 BR0.73
4 BR
0.73ratio
FMR$3,560
Market$4,850
vs market-$1,290
FMR is below market; voucher rent may lag private rents.
90% standard$3,204 / 0.66 ratio110% standard$3,916 / 0.81 ratio
0.700.800.901.001.101.201.30aligned range
Voucher alignment varies significantly by bedroom size in this area.
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 60022 (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.
60022 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60022 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,390 and the 4 bedroom fair market rent is $3,560.
Use this page for searches like 60022 FMR, 60022 fair market rent, and 60022 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 | $1,990 |
| 1 bedroom | $2,120 |
| 2 bedroom | $2,390 |
| 3 bedroom | $3,080 |
| 4 bedroom | $3,560 |