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
$180,301
Cost breakdown
+Likely effective rent$1,630
HUD FMR$1,480
Market rent$1,890
Est. payment standard (110%)Used$1,630
Estimated payment standard is $1,630 (110% of FMR).
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Current value$180,301
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Current value$180,301
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Current value$180,301
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
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.
Studio0.88
Studio
0.88ratio
FMR$1,230
Market$1,390
vs market-$160
FMR is below market; voucher rent may lag private rents.
90% standard$1,107 / 0.80 ratio110% standard$1,353 / 0.97 ratio
1 BR0.96
1 BR
0.96ratio
FMR$1,310
Market$1,360
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,179 / 0.87 ratio110% standard$1,441 / 1.06 ratio
2 BR0.78
2 BR
0.78ratio
FMR$1,480
Market$1,890
vs market-$410
FMR is below market; voucher rent may lag private rents.
90% standard$1,332 / 0.70 ratio110% standard$1,628 / 0.86 ratio
3 BR0.91
3 BR
0.91ratio
FMR$1,910
Market$2,110
vs market-$200
FMR is near market; voucher and private rents are aligned.
90% standard$1,719 / 0.81 ratio110% standard$2,101 / 1.00 ratio
4 BR0.86
4 BR
0.86ratio
FMR$2,200
Market$2,570
vs market-$370
FMR is below market; voucher rent may lag private rents.
90% standard$1,980 / 0.77 ratio110% standard$2,420 / 0.94 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for smaller unit 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 60071 (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.
60071 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60071 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,480 and the 4 bedroom fair market rent is $2,200.
Use this page for searches like 60071 FMR, 60071 fair market rent, and 60071 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 | $1,230 |
| 1 bedroom | $1,310 |
| 2 bedroom | $1,480 |
| 3 bedroom | $1,910 |
| 4 bedroom | $2,200 |