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
$257,573
Cost breakdown
+Likely effective rent$2,150
HUD FMR$2,080
Market rent$2,180
Est. payment standard (103%)Used$2,150
Estimated payment standard is $2,150 (103% of FMR).
-Principal and interest-$1,302
Loan amount$206,058
Down payment$51,515
Rate6.50%
Term30 years
-Operating costs-$648
Property taxes-$258
Insurance-$175
Utilities$0
HOA$0
Management-$215
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$34,387(66.8% ROI)
Projected value
$277,378
Current value$257,573
Return breakdown
Property appreciation+$19,805
Loan principal paid down+$7,383
Rental cash flow+$7,200
5-year hold
+$59,012(114.6% ROI)
Projected value
$291,420
Current value$257,573
Return breakdown
Property appreciation+$33,847
Loan principal paid down+$13,165
Rental cash flow+$12,000
10-year hold
+$127,512(247.5% ROI)
Projected value
$329,715
Current value$257,573
Return breakdown
Property appreciation+$72,142
Loan principal paid down+$31,370
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.
Studio1.22
Studio
1.22ratio
FMR$1,730
Market$1,420
vs market+$310
FMR is above market; underwrite to market rent.
90% standard$1,557 / 1.10 ratio110% standard$1,903 / 1.34 ratio
1 BR1.16
1 BR
1.16ratio
FMR$1,850
Market$1,590
vs market+$260
FMR is above market; underwrite to market rent.
90% standard$1,665 / 1.05 ratio110% standard$2,035 / 1.28 ratio
2 BR0.95
2 BR
0.95ratio
FMR$2,080
Market$2,180
vs market-$100
FMR is near market; voucher and private rents are aligned.
90% standard$1,872 / 0.86 ratio110% standard$2,288 / 1.05 ratio
3 BR1.07
3 BR
1.07ratio
FMR$2,680
Market$2,500
vs market+$180
FMR is near market; voucher and private rents are aligned.
90% standard$2,412 / 0.96 ratio110% standard$2,948 / 1.18 ratio
4 BR1.07
4 BR
1.07ratio
FMR$3,100
Market$2,900
vs market+$200
FMR is near market; voucher and private rents are aligned.
90% standard$2,790 / 0.96 ratio110% standard$3,410 / 1.18 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 60516 (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.
60516 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60516 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,080 and the 4 bedroom fair market rent is $3,100.
Use this page for searches like 60516 FMR, 60516 fair market rent, and 60516 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 | $1,730 |
| 1 bedroom | $1,850 |
| 2 bedroom | $2,080 |
| 3 bedroom | $2,680 |
| 4 bedroom | $3,100 |