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
$177,329
Cost breakdown
+Likely effective rent$1,610
HUD FMR$2,340
Market rentUsed$1,610
Est. payment standard (90%)$2,110
Market rent is below the inferred standard ($2,110, 90% of FMR).
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Current value$177,329
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Current value$177,329
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Current value$177,329
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
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.
Studio1.23
Studio
1.23ratio
FMR$1,940
Market$1,580
vs market+$360
FMR is above market; underwrite to market rent.
90% standard$1,746 / 1.11 ratio110% standard$2,134 / 1.35 ratio
1 BR1.40
1 BR
1.40ratio
FMR$2,080
Market$1,490
vs market+$590
FMR is above market; underwrite to market rent.
90% standard$1,872 / 1.26 ratio110% standard$2,288 / 1.54 ratio
2 BR1.45
2 BR
1.45ratio
FMR$2,340
Market$1,610
vs market+$730
FMR is above market; underwrite to market rent.
90% standard$2,106 / 1.31 ratio110% standard$2,574 / 1.60 ratio
3 BR1.22
3 BR
1.22ratio
FMR$3,010
Market$2,460
vs market+$550
FMR is above market; underwrite to market rent.
90% standard$2,709 / 1.10 ratio110% standard$3,311 / 1.35 ratio
4 BR1.35
4 BR
1.35ratio
FMR$3,490
Market$2,590
vs market+$900
FMR is above market; underwrite to market rent.
90% standard$3,141 / 1.21 ratio110% standard$3,839 / 1.48 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 60088 (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.
60088 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60088 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,340 and the 4 bedroom fair market rent is $3,490.
Use this page for searches like 60088 FMR, 60088 fair market rent, and 60088 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 | $1,940 |
| 1 bedroom | $2,080 |
| 2 bedroom | $2,340 |
| 3 bedroom | $3,010 |
| 4 bedroom | $3,490 |