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
$278,377
Cost breakdown
+Likely effective rent$2,290
HUD FMR$2,190
Market rent$2,350
Est. payment standard (105%)Used$2,290
Estimated payment standard is $2,290 (105% of FMR).
-Principal and interest-$1,408
Loan amount$222,701
Down payment$55,675
Rate6.50%
Term30 years
-Operating costs-$682
Property taxes-$278
Insurance-$175
Utilities$0
HOA$0
Management-$229
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$36,583(65.7% ROI)
Projected value
$299,781
Current value$278,377
Return breakdown
Property appreciation+$21,405
Loan principal paid down+$7,979
Rental cash flow+$7,200
5-year hold
+$62,809(112.8% ROI)
Projected value
$314,958
Current value$278,377
Return breakdown
Property appreciation+$36,581
Loan principal paid down+$14,228
Rental cash flow+$12,000
10-year hold
+$135,873(244.0% ROI)
Projected value
$356,346
Current value$278,377
Return breakdown
Property appreciation+$77,969
Loan principal paid down+$33,904
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.
Studio1.01
Studio
1.01ratio
FMR$1,820
Market$1,810
vs market+$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,638 / 0.90 ratio110% standard$2,002 / 1.11 ratio
1 BR0.98
1 BR
0.98ratio
FMR$1,940
Market$1,980
vs market-$40
FMR is near market; voucher and private rents are aligned.
90% standard$1,746 / 0.88 ratio110% standard$2,134 / 1.08 ratio
2 BR0.93
2 BR
0.93ratio
FMR$2,190
Market$2,350
vs market-$160
FMR is near market; voucher and private rents are aligned.
90% standard$1,971 / 0.84 ratio110% standard$2,409 / 1.03 ratio
3 BR1.06
3 BR
1.06ratio
FMR$2,820
Market$2,650
vs market+$170
FMR is near market; voucher and private rents are aligned.
90% standard$2,538 / 0.96 ratio110% standard$3,102 / 1.17 ratio
4 BR1.16
4 BR
1.16ratio
FMR$3,260
Market$2,800
vs market+$460
FMR is above market; underwrite to market rent.
90% standard$2,934 / 1.05 ratio110% standard$3,586 / 1.28 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents for larger unit 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 60189 (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.
60189 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60189 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 60189 FMR, 60189 fair market rent, and 60189 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 |