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
$303,639
Cost breakdown
+Likely effective rent$2,460
HUD FMR$2,420
Market rent$2,480
Est. payment standard (102%)Used$2,460
Estimated payment standard is $2,460 (102% of FMR).
-Principal and interest-$1,535
Loan amount$242,911
Down payment$60,728
Rate6.50%
Term30 years
-Operating costs-$725
Property taxes-$304
Insurance-$175
Utilities$0
HOA$0
Management-$246
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$39,250(64.6% ROI)
Projected value
$326,985
Current value$303,639
Return breakdown
Property appreciation+$23,347
Loan principal paid down+$8,703
Rental cash flow+$7,200
5-year hold
+$67,420(111.0% ROI)
Projected value
$343,539
Current value$303,639
Return breakdown
Property appreciation+$39,901
Loan principal paid down+$15,520
Rental cash flow+$12,000
10-year hold
+$146,025(240.5% ROI)
Projected value
$388,683
Current value$303,639
Return breakdown
Property appreciation+$85,044
Loan principal paid down+$36,980
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.
Studio1.08
Studio
1.08ratio
FMR$2,000
Market$1,860
vs market+$140
FMR is near market; voucher and private rents are aligned.
90% standard$1,800 / 0.97 ratio110% standard$2,200 / 1.18 ratio
1 BR0.97
1 BR
0.97ratio
FMR$2,140
Market$2,200
vs market-$60
FMR is near market; voucher and private rents are aligned.
90% standard$1,926 / 0.88 ratio110% standard$2,354 / 1.07 ratio
2 BR0.98
2 BR
0.98ratio
FMR$2,420
Market$2,480
vs market-$60
FMR is near market; voucher and private rents are aligned.
90% standard$2,178 / 0.88 ratio110% standard$2,662 / 1.07 ratio
3 BR1.17
3 BR
1.17ratio
FMR$3,120
Market$2,660
vs market+$460
FMR is above market; underwrite to market rent.
90% standard$2,808 / 1.06 ratio110% standard$3,432 / 1.29 ratio
4 BR1.19
4 BR
1.19ratio
FMR$3,600
Market$3,020
vs market+$580
FMR is above market; underwrite to market rent.
90% standard$3,240 / 1.07 ratio110% standard$3,960 / 1.31 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 60504 (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.
60504 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60504 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,420 and the 4 bedroom fair market rent is $3,600.
Use this page for searches like 60504 FMR, 60504 fair market rent, and 60504 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 | $2,000 |
| 1 bedroom | $2,140 |
| 2 bedroom | $2,420 |
| 3 bedroom | $3,120 |
| 4 bedroom | $3,600 |