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
$156,525
Cost breakdown
+Likely effective rent$1,470
HUD FMR$1,510
Market rentUsed$1,470
Est. payment standard (98%)$1,480
Market rent is below the inferred standard ($1,480, 98% of FMR).
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Current value$156,525
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Current value$156,525
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Current value$156,525
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
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.
Studio0.98
Studio
0.98ratio
FMR$1,250
Market$1,270
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,125 / 0.89 ratio110% standard$1,375 / 1.08 ratio
1 BR1.06
1 BR
1.06ratio
FMR$1,340
Market$1,270
vs market+$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,206 / 0.95 ratio110% standard$1,474 / 1.16 ratio
2 BR1.03
2 BR
1.03ratio
FMR$1,510
Market$1,470
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$1,359 / 0.92 ratio110% standard$1,661 / 1.13 ratio
3 BR1.10
3 BR
1.10ratio
FMR$1,940
Market$1,770
vs market+$170
FMR is near market; voucher and private rents are aligned.
90% standard$1,746 / 0.99 ratio110% standard$2,134 / 1.21 ratio
4 BR1.24
4 BR
1.24ratio
FMR$2,250
Market$1,810
vs market+$440
FMR is above market; underwrite to market rent.
90% standard$2,025 / 1.12 ratio110% standard$2,475 / 1.37 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 60408 (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.
60408 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60408 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,510 and the 4 bedroom fair market rent is $2,250.
Use this page for searches like 60408 FMR, 60408 fair market rent, and 60408 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 | $1,250 |
| 1 bedroom | $1,340 |
| 2 bedroom | $1,510 |
| 3 bedroom | $1,940 |
| 4 bedroom | $2,250 |