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
$196,647
Cost breakdown
+Likely effective rent$1,740
HUD FMR$1,640
Market rent$1,800
Est. payment standard (106%)Used$1,740
Estimated payment standard is $1,740 (106% of FMR).
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Current value$196,647
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Current value$196,647
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Current value$196,647
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
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.
Studio1.05
Studio
1.05ratio
FMR$1,360
Market$1,300
vs market+$60
FMR is near market; voucher and private rents are aligned.
90% standard$1,224 / 0.94 ratio110% standard$1,496 / 1.15 ratio
1 BR0.97
1 BR
0.97ratio
FMR$1,460
Market$1,510
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,314 / 0.87 ratio110% standard$1,606 / 1.06 ratio
2 BR0.91
2 BR
0.91ratio
FMR$1,640
Market$1,800
vs market-$160
FMR is near market; voucher and private rents are aligned.
90% standard$1,476 / 0.82 ratio110% standard$1,804 / 1.00 ratio
3 BR1.00
3 BR
1.00ratio
FMR$2,110
Market$2,120
vs market-$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,899 / 0.90 ratio110% standard$2,321 / 1.09 ratio
4 BR0.88
4 BR
0.88ratio
FMR$2,440
Market$2,760
vs market-$320
FMR is below market; voucher rent may lag private rents.
90% standard$2,196 / 0.80 ratio110% standard$2,684 / 0.97 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for smaller 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 60453 (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.
60453 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60453 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,640 and the 4 bedroom fair market rent is $2,440.
Use this page for searches like 60453 FMR, 60453 fair market rent, and 60453 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 | $1,360 |
| 1 bedroom | $1,460 |
| 2 bedroom | $1,640 |
| 3 bedroom | $2,110 |
| 4 bedroom | $2,440 |