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
$294,723
Cost breakdown
+Likely effective rent$2,400
HUD FMR$2,190
Market rent$2,510
Est. payment standard (109%)Used$2,400
Estimated payment standard is $2,400 (109% of FMR).
-Principal and interest-$1,490
Loan amount$235,778
Down payment$58,945
Rate6.50%
Term30 years
-Operating costs-$710
Property taxes-$295
Insurance-$175
Utilities$0
HOA$0
Management-$240
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$38,309(65.0% ROI)
Projected value
$317,384
Current value$294,723
Return breakdown
Property appreciation+$22,661
Loan principal paid down+$8,447
Rental cash flow+$7,200
5-year hold
+$65,793(111.6% ROI)
Projected value
$333,451
Current value$294,723
Return breakdown
Property appreciation+$38,729
Loan principal paid down+$15,064
Rental cash flow+$12,000
10-year hold
+$142,442(241.7% ROI)
Projected value
$377,270
Current value$294,723
Return breakdown
Property appreciation+$82,547
Loan principal paid down+$35,895
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.
Studio1.16
Studio
1.16ratio
FMR$1,820
Market$1,570
vs market+$250
FMR is above market; underwrite to market rent.
90% standard$1,638 / 1.04 ratio110% standard$2,002 / 1.28 ratio
1 BR0.97
1 BR
0.97ratio
FMR$1,940
Market$2,000
vs market-$60
FMR is near market; voucher and private rents are aligned.
90% standard$1,746 / 0.87 ratio110% standard$2,134 / 1.07 ratio
2 BR0.87
2 BR
0.87ratio
FMR$2,190
Market$2,510
vs market-$320
FMR is below market; voucher rent may lag private rents.
90% standard$1,971 / 0.79 ratio110% standard$2,409 / 0.96 ratio
3 BR1.11
3 BR
1.11ratio
FMR$2,820
Market$2,540
vs market+$280
FMR is above market; underwrite to market rent.
90% standard$2,538 / 1.00 ratio110% standard$3,102 / 1.22 ratio
4 BR1.07
4 BR
1.07ratio
FMR$3,260
Market$3,040
vs market+$220
FMR is near market; voucher and private rents are aligned.
90% standard$2,934 / 0.97 ratio110% standard$3,586 / 1.18 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 60148 (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.
60148 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60148 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,190 and the 4 bedroom fair market rent is $3,260.
Use this page for searches like 60148 FMR, 60148 fair market rent, and 60148 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 | $1,820 |
| 1 bedroom | $1,940 |
| 2 bedroom | $2,190 |
| 3 bedroom | $2,820 |
| 4 bedroom | $3,260 |