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
$230,825
Cost breakdown
+Likely effective rent$1,970
HUD FMR$1,790
Market rent$2,270
Est. payment standard (110%)Used$1,970
Estimated payment standard is $1,970 (110% of FMR).
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Current value$230,825
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Current value$230,825
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Current value$230,825
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
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.
Studio0.78
Studio
0.78ratio
FMR$1,490
Market$1,910
vs market-$420
FMR is below market; voucher rent may lag private rents.
90% standard$1,341 / 0.70 ratio110% standard$1,639 / 0.86 ratio
1 BR0.86
1 BR
0.86ratio
FMR$1,590
Market$1,840
vs market-$250
FMR is below market; voucher rent may lag private rents.
90% standard$1,431 / 0.78 ratio110% standard$1,749 / 0.95 ratio
2 BR0.79
2 BR
0.79ratio
FMR$1,790
Market$2,270
vs market-$480
FMR is below market; voucher rent may lag private rents.
90% standard$1,611 / 0.71 ratio110% standard$1,969 / 0.87 ratio
3 BR0.85
3 BR
0.85ratio
FMR$2,310
Market$2,710
vs market-$400
FMR is below market; voucher rent may lag private rents.
90% standard$2,079 / 0.77 ratio110% standard$2,541 / 0.94 ratio
4 BR0.88
4 BR
0.88ratio
FMR$2,670
Market$3,020
vs market-$350
FMR is below market; voucher rent may lag private rents.
90% standard$2,403 / 0.80 ratio110% standard$2,937 / 0.97 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for all bedroom 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 60462 (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.
60462 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60462 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,790 and the 4 bedroom fair market rent is $2,670.
Use this page for searches like 60462 FMR, 60462 fair market rent, and 60462 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 | $1,490 |
| 1 bedroom | $1,590 |
| 2 bedroom | $1,790 |
| 3 bedroom | $2,310 |
| 4 bedroom | $2,670 |