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
$175,843
Cost breakdown
+Likely effective rent$1,600
HUD FMR$1,450
Market rent$2,330
Est. payment standard (110%)Used$1,600
Estimated payment standard is $1,600 (110% of FMR).
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Current value$175,843
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Current value$175,843
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Current value$175,843
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
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.
Studio0.86
Studio
0.86ratio
FMR$1,200
Market$1,400
vs market-$200
FMR is below market; voucher rent may lag private rents.
90% standard$1,080 / 0.77 ratio110% standard$1,320 / 0.94 ratio
1 BR0.67
1 BR
0.67ratio
FMR$1,290
Market$1,920
vs market-$630
FMR is below market; voucher rent may lag private rents.
90% standard$1,161 / 0.60 ratio110% standard$1,419 / 0.74 ratio
2 BR0.62
2 BR
0.62ratio
FMR$1,450
Market$2,330
vs market-$880
FMR is below market; voucher rent may lag private rents.
90% standard$1,305 / 0.56 ratio110% standard$1,595 / 0.68 ratio
3 BR0.81
3 BR
0.81ratio
FMR$1,870
Market$2,320
vs market-$450
FMR is below market; voucher rent may lag private rents.
90% standard$1,683 / 0.73 ratio110% standard$2,057 / 0.89 ratio
4 BR0.84
4 BR
0.84ratio
FMR$2,160
Market$2,560
vs market-$400
FMR is below market; voucher rent may lag private rents.
90% standard$1,944 / 0.76 ratio110% standard$2,376 / 0.93 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 60131 (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.
60131 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60131 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,450 and the 4 bedroom fair market rent is $2,160.
Use this page for searches like 60131 FMR, 60131 fair market rent, and 60131 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 | $1,200 |
| 1 bedroom | $1,290 |
| 2 bedroom | $1,450 |
| 3 bedroom | $1,870 |
| 4 bedroom | $2,160 |