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
$267,975
Cost breakdown
+Likely effective rent$2,220
HUD FMR$2,020
Market rent$2,330
Est. payment standard (110%)Used$2,220
Estimated payment standard is $2,220 (110% of FMR).
-Principal and interest-$1,355
Loan amount$214,380
Down payment$53,595
Rate6.50%
Term30 years
-Operating costs-$665
Property taxes-$268
Insurance-$175
Utilities$0
HOA$0
Management-$222
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$35,485(66.2% ROI)
Projected value
$288,579
Current value$267,975
Return breakdown
Property appreciation+$20,605
Loan principal paid down+$7,681
Rental cash flow+$7,200
5-year hold
+$60,911(113.7% ROI)
Projected value
$303,189
Current value$267,975
Return breakdown
Property appreciation+$35,214
Loan principal paid down+$13,697
Rental cash flow+$12,000
10-year hold
+$131,692(245.7% ROI)
Projected value
$343,030
Current value$267,975
Return breakdown
Property appreciation+$75,056
Loan principal paid down+$32,637
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$1,680
Market$1,550
vs market+$130
FMR is near market; voucher and private rents are aligned.
90% standard$1,512 / 0.98 ratio110% standard$1,848 / 1.19 ratio
1 BR1.02
1 BR
1.02ratio
FMR$1,790
Market$1,750
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$1,611 / 0.92 ratio110% standard$1,969 / 1.13 ratio
2 BR0.87
2 BR
0.87ratio
FMR$2,020
Market$2,330
vs market-$310
FMR is below market; voucher rent may lag private rents.
90% standard$1,818 / 0.78 ratio110% standard$2,222 / 0.95 ratio
3 BR1.07
3 BR
1.07ratio
FMR$2,600
Market$2,430
vs market+$170
FMR is near market; voucher and private rents are aligned.
90% standard$2,340 / 0.96 ratio110% standard$2,860 / 1.18 ratio
4 BR1.17
4 BR
1.17ratio
FMR$3,010
Market$2,580
vs market+$430
FMR is above market; underwrite to market rent.
90% standard$2,709 / 1.05 ratio110% standard$3,311 / 1.28 ratio
0.700.800.901.001.101.201.30aligned range
Voucher alignment varies significantly by bedroom size in this area.
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 60542 (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.
60542 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60542 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,020 and the 4 bedroom fair market rent is $3,010.
Use this page for searches like 60542 FMR, 60542 fair market rent, and 60542 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 | $1,680 |
| 1 bedroom | $1,790 |
| 2 bedroom | $2,020 |
| 3 bedroom | $2,600 |
| 4 bedroom | $3,010 |