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
$245,685
Cost breakdown
+Likely effective rent$2,070
HUD FMR$2,170
Market rentUsed$2,070
Est. payment standard (97%)$2,110
Market rent is below the inferred standard ($2,110, 97% of FMR).
-Principal and interest-$1,242
Loan amount$196,548
Down payment$49,137
Rate6.50%
Term30 years
-Operating costs-$628
Property taxes-$246
Insurance-$175
Utilities$0
HOA$0
Management-$207
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$33,133(67.4% ROI)
Projected value
$264,576
Current value$245,685
Return breakdown
Property appreciation+$18,891
Loan principal paid down+$7,042
Rental cash flow+$7,200
5-year hold
+$56,842(115.7% ROI)
Projected value
$277,970
Current value$245,685
Return breakdown
Property appreciation+$32,285
Loan principal paid down+$12,557
Rental cash flow+$12,000
10-year hold
+$122,735(249.8% ROI)
Projected value
$314,497
Current value$245,685
Return breakdown
Property appreciation+$68,812
Loan principal paid down+$29,922
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.
Studio0.83
Studio
0.83ratio
FMR$1,800
Market$2,180
vs market-$380
FMR is below market; voucher rent may lag private rents.
90% standard$1,620 / 0.74 ratio110% standard$1,980 / 0.91 ratio
1 BR0.99
1 BR
0.99ratio
FMR$1,930
Market$1,950
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,737 / 0.89 ratio110% standard$2,123 / 1.09 ratio
2 BR1.05
2 BR
1.05ratio
FMR$2,170
Market$2,070
vs market+$100
FMR is near market; voucher and private rents are aligned.
90% standard$1,953 / 0.94 ratio110% standard$2,387 / 1.15 ratio
3 BR1.17
3 BR
1.17ratio
FMR$2,790
Market$2,380
vs market+$410
FMR is above market; underwrite to market rent.
90% standard$2,511 / 1.06 ratio110% standard$3,069 / 1.29 ratio
4 BR1.18
4 BR
1.18ratio
FMR$3,230
Market$2,740
vs market+$490
FMR is above market; underwrite to market rent.
90% standard$2,907 / 1.06 ratio110% standard$3,553 / 1.30 ratio
0.700.800.901.001.101.201.30aligned range
Voucher alignment varies significantly by bedroom size in this area.
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 60140 (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.
60140 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60140 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,170 and the 4 bedroom fair market rent is $3,230.
Use this page for searches like 60140 FMR, 60140 fair market rent, and 60140 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 | $1,800 |
| 1 bedroom | $1,930 |
| 2 bedroom | $2,170 |
| 3 bedroom | $2,790 |
| 4 bedroom | $3,230 |