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
$235,283
Cost breakdown
+Likely effective rent$2,000
HUD FMR$2,080
Market rentUsed$2,000
Est. payment standard (98%)$2,030
Market rent is below the inferred standard ($2,030, 98% of FMR).
-Principal and interest-$1,190
Loan amount$188,226
Down payment$47,057
Rate6.50%
Term30 years
-Operating costs-$610
Property taxes-$235
Insurance-$175
Utilities$0
HOA$0
Management-$200
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$32,035(68.1% ROI)
Projected value
$253,374
Current value$235,283
Return breakdown
Property appreciation+$18,091
Loan principal paid down+$6,744
Rental cash flow+$7,200
5-year hold
+$54,944(116.8% ROI)
Projected value
$266,201
Current value$235,283
Return breakdown
Property appreciation+$30,918
Loan principal paid down+$12,026
Rental cash flow+$12,000
10-year hold
+$118,554(251.9% ROI)
Projected value
$301,182
Current value$235,283
Return breakdown
Property appreciation+$65,899
Loan principal paid down+$28,655
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.
Studio1.15
Studio
1.15ratio
FMR$1,730
Market$1,500
vs market+$230
FMR is above market; underwrite to market rent.
90% standard$1,557 / 1.04 ratio110% standard$1,903 / 1.27 ratio
1 BR1.16
1 BR
1.16ratio
FMR$1,850
Market$1,600
vs market+$250
FMR is above market; underwrite to market rent.
90% standard$1,665 / 1.04 ratio110% standard$2,035 / 1.27 ratio
2 BR1.04
2 BR
1.04ratio
FMR$2,080
Market$2,000
vs market+$80
FMR is near market; voucher and private rents are aligned.
90% standard$1,872 / 0.94 ratio110% standard$2,288 / 1.14 ratio
3 BR0.88
3 BR
0.88ratio
FMR$2,680
Market$3,040
vs market-$360
FMR is below market; voucher rent may lag private rents.
90% standard$2,412 / 0.79 ratio110% standard$2,948 / 0.97 ratio
4 BR1.01
4 BR
1.01ratio
FMR$3,100
Market$3,060
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$2,790 / 0.91 ratio110% standard$3,410 / 1.11 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 60184 (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.
60184 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60184 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,080 and the 4 bedroom fair market rent is $3,100.
Use this page for searches like 60184 FMR, 60184 fair market rent, and 60184 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 | $1,730 |
| 1 bedroom | $1,850 |
| 2 bedroom | $2,080 |
| 3 bedroom | $2,680 |
| 4 bedroom | $3,100 |