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
$229,339
Cost breakdown
+Likely effective rent$1,960
HUD FMR$1,781
Market rent$2,290
Est. payment standard (110%)Used$1,960
Estimated payment standard is $1,960 (110% of FMR).
-Principal and interest-$1,160
Loan amount$183,471
Down payment$45,868
Rate6.50%
Term30 years
-Operating costs-$600
Property taxes-$229
Insurance-$175
Utilities$0
HOA$0
Management-$196
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$31,407(68.5% ROI)
Projected value
$246,973
Current value$229,339
Return breakdown
Property appreciation+$17,634
Loan principal paid down+$6,573
Rental cash flow+$7,200
5-year hold
+$53,859(117.4% ROI)
Projected value
$259,476
Current value$229,339
Return breakdown
Property appreciation+$30,137
Loan principal paid down+$11,722
Rental cash flow+$12,000
10-year hold
+$116,166(253.3% ROI)
Projected value
$293,573
Current value$229,339
Return breakdown
Property appreciation+$64,234
Loan principal paid down+$27,931
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.
Studio0.70
Studio
0.70ratio
FMR$1,480
Market$2,110
vs market-$630
FMR is below market; voucher rent may lag private rents.
90% standard$1,332 / 0.63 ratio110% standard$1,628 / 0.77 ratio
1 BR0.77
1 BR
0.77ratio
FMR$1,581
Market$2,060
vs market-$479
FMR is below market; voucher rent may lag private rents.
90% standard$1,423 / 0.69 ratio110% standard$1,739 / 0.84 ratio
2 BR0.78
2 BR
0.78ratio
FMR$1,781
Market$2,290
vs market-$509
FMR is below market; voucher rent may lag private rents.
90% standard$1,603 / 0.70 ratio110% standard$1,959 / 0.86 ratio
3 BR0.80
3 BR
0.80ratio
FMR$2,294
Market$2,850
vs market-$556
FMR is below market; voucher rent may lag private rents.
90% standard$2,065 / 0.72 ratio110% standard$2,523 / 0.89 ratio
4 BR0.75
4 BR
0.75ratio
FMR$2,653
Market$3,540
vs market-$887
FMR is below market; voucher rent may lag private rents.
90% standard$2,388 / 0.67 ratio110% standard$2,918 / 0.82 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for 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 60038 (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 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.
60038 fair market rent and Section 8 rent limits
The FY 2026 HUD Fair Market Rent (FMR) page for 60038 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,781 and the 4 bedroom fair market rent is $2,653.
Use this page for searches like 60038 FMR, 60038 fair market rent, and 60038 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 | $1,480 |
| 1 bedroom | $1,581 |
| 2 bedroom | $1,781 |
| 3 bedroom | $2,294 |
| 4 bedroom | $2,653 |