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
$265,003
Cost breakdown
+Likely effective rent$2,200
HUD FMR$2,250
Market rentUsed$2,200
Est. payment standard (99%)$2,220
Market rent is below the inferred standard ($2,220, 99% of FMR).
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Current value$265,003
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Current value$265,003
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Current value$265,003
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
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.
Studio1.02
Studio
1.02ratio
FMR$1,870
Market$1,840
vs market+$30
FMR is near market; voucher and private rents are aligned.
90% standard$1,683 / 0.91 ratio110% standard$2,057 / 1.12 ratio
1 BR1.01
1 BR
1.01ratio
FMR$2,000
Market$1,990
vs market+$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,800 / 0.90 ratio110% standard$2,200 / 1.11 ratio
2 BR1.02
2 BR
1.02ratio
FMR$2,250
Market$2,200
vs market+$50
FMR is near market; voucher and private rents are aligned.
90% standard$2,025 / 0.92 ratio110% standard$2,475 / 1.13 ratio
3 BR1.09
3 BR
1.09ratio
FMR$2,900
Market$2,670
vs market+$230
FMR is near market; voucher and private rents are aligned.
90% standard$2,610 / 0.98 ratio110% standard$3,190 / 1.19 ratio
4 BR1.10
4 BR
1.10ratio
FMR$3,350
Market$3,050
vs market+$300
FMR is near market; voucher and private rents are aligned.
90% standard$3,015 / 0.99 ratio110% standard$3,685 / 1.21 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are well-aligned with 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 60083 (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.
60083 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60083 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,250 and the 4 bedroom fair market rent is $3,350.
Use this page for searches like 60083 FMR, 60083 fair market rent, and 60083 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 | $1,870 |
| 1 bedroom | $2,000 |
| 2 bedroom | $2,250 |
| 3 bedroom | $2,900 |
| 4 bedroom | $3,350 |