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
$248,657
Cost breakdown
+Likely effective rent$2,090
HUD FMR$1,900
Market rent$2,300
Est. payment standard (110%)Used$2,090
Estimated payment standard is $2,090 (110% of FMR).
-Principal and interest-$1,257
Loan amount$198,925
Down payment$49,731
Rate6.50%
Term30 years
-Operating costs-$633
Property taxes-$249
Insurance-$175
Utilities$0
HOA$0
Management-$209
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$33,446(67.3% ROI)
Projected value
$267,776
Current value$248,657
Return breakdown
Property appreciation+$19,119
Loan principal paid down+$7,127
Rental cash flow+$7,200
5-year hold
+$57,385(115.4% ROI)
Projected value
$281,332
Current value$248,657
Return breakdown
Property appreciation+$32,676
Loan principal paid down+$12,709
Rental cash flow+$12,000
10-year hold
+$123,929(249.2% ROI)
Projected value
$318,302
Current value$248,657
Return breakdown
Property appreciation+$69,645
Loan principal paid down+$30,284
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.
Studio0.75
Studio
0.75ratio
FMR$1,580
Market$2,110
vs market-$530
FMR is below market; voucher rent may lag private rents.
90% standard$1,422 / 0.67 ratio110% standard$1,738 / 0.82 ratio
1 BR0.82
1 BR
0.82ratio
FMR$1,690
Market$2,060
vs market-$370
FMR is below market; voucher rent may lag private rents.
90% standard$1,521 / 0.74 ratio110% standard$1,859 / 0.90 ratio
2 BR0.83
2 BR
0.83ratio
FMR$1,900
Market$2,300
vs market-$400
FMR is below market; voucher rent may lag private rents.
90% standard$1,710 / 0.74 ratio110% standard$2,090 / 0.91 ratio
3 BR0.82
3 BR
0.82ratio
FMR$2,450
Market$2,980
vs market-$530
FMR is below market; voucher rent may lag private rents.
90% standard$2,205 / 0.74 ratio110% standard$2,695 / 0.90 ratio
4 BR0.73
4 BR
0.73ratio
FMR$2,830
Market$3,860
vs market-$1,030
FMR is below market; voucher rent may lag private rents.
90% standard$2,547 / 0.66 ratio110% standard$3,113 / 0.81 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 60559 (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.
60559 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60559 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,900 and the 4 bedroom fair market rent is $2,830.
Use this page for searches like 60559 FMR, 60559 fair market rent, and 60559 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 | $1,580 |
| 1 bedroom | $1,690 |
| 2 bedroom | $1,900 |
| 3 bedroom | $2,450 |
| 4 bedroom | $2,830 |