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
$317,012
Cost breakdown
+Likely effective rent$2,550
HUD FMR$2,670
Market rentUsed$2,550
Est. payment standard (97%)$2,590
Market rent is below the inferred standard ($2,590, 97% of FMR).
-Principal and interest-$1,603
Loan amount$253,610
Down payment$63,402
Rate6.50%
Term30 years
-Operating costs-$747
Property taxes-$317
Insurance-$175
Utilities$0
HOA$0
Management-$255
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$40,662(64.1% ROI)
Projected value
$341,388
Current value$317,012
Return breakdown
Property appreciation+$24,375
Loan principal paid down+$9,086
Rental cash flow+$7,200
5-year hold
+$69,861(110.2% ROI)
Projected value
$358,671
Current value$317,012
Return breakdown
Property appreciation+$41,658
Loan principal paid down+$16,203
Rental cash flow+$12,000
10-year hold
+$151,400(238.8% ROI)
Projected value
$405,803
Current value$317,012
Return breakdown
Property appreciation+$88,790
Loan principal paid down+$38,609
Rental cash flow+$24,000
Rolodex
Upgrade to access AI-powered research tools
UpgradeMarket Alignment
FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.
Studio1.14
Studio
1.14ratio
FMR$2,220
Market$1,940
vs market+$280
FMR is above market; underwrite to market rent.
90% standard$1,998 / 1.03 ratio110% standard$2,442 / 1.26 ratio
1 BR1.12
1 BR
1.12ratio
FMR$2,370
Market$2,110
vs market+$260
FMR is above market; underwrite to market rent.
90% standard$2,133 / 1.01 ratio110% standard$2,607 / 1.24 ratio
2 BR1.05
2 BR
1.05ratio
FMR$2,670
Market$2,550
vs market+$120
FMR is near market; voucher and private rents are aligned.
90% standard$2,403 / 0.94 ratio110% standard$2,937 / 1.15 ratio
3 BR1.22
3 BR
1.22ratio
FMR$3,440
Market$2,810
vs market+$630
FMR is above market; underwrite to market rent.
90% standard$3,096 / 1.10 ratio110% standard$3,784 / 1.35 ratio
4 BR1.27
4 BR
1.27ratio
FMR$3,980
Market$3,140
vs market+$840
FMR is above market; underwrite to market rent.
90% standard$3,582 / 1.14 ratio110% standard$4,378 / 1.39 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 60490 (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.
60490 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60490 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,670 and the 4 bedroom fair market rent is $3,980.
Use this page for searches like 60490 FMR, 60490 fair market rent, and 60490 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 | $2,220 |
| 1 bedroom | $2,370 |
| 2 bedroom | $2,670 |
| 3 bedroom | $3,440 |
| 4 bedroom | $3,980 |