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
$299,181
Cost breakdown
+Likely effective rent$2,430
HUD FMR$2,400
Market rent$2,440
Est. payment standard (101%)Used$2,430
Estimated payment standard is $2,430 (101% of FMR).
-Principal and interest-$1,513
Loan amount$239,344
Down payment$59,836
Rate6.50%
Term30 years
-Operating costs-$717
Property taxes-$299
Insurance-$175
Utilities$0
HOA$0
Management-$243
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$38,779(64.8% ROI)
Projected value
$322,185
Current value$299,181
Return breakdown
Property appreciation+$23,004
Loan principal paid down+$8,575
Rental cash flow+$7,200
5-year hold
+$66,607(111.3% ROI)
Projected value
$338,495
Current value$299,181
Return breakdown
Property appreciation+$39,315
Loan principal paid down+$15,292
Rental cash flow+$12,000
10-year hold
+$144,233(241.0% ROI)
Projected value
$382,976
Current value$299,181
Return breakdown
Property appreciation+$83,796
Loan principal paid down+$36,437
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.
Studio1.05
Studio
1.05ratio
FMR$1,990
Market$1,890
vs market+$100
FMR is near market; voucher and private rents are aligned.
90% standard$1,791 / 0.95 ratio110% standard$2,189 / 1.16 ratio
1 BR1.22
1 BR
1.22ratio
FMR$2,130
Market$1,740
vs market+$390
FMR is above market; underwrite to market rent.
90% standard$1,917 / 1.10 ratio110% standard$2,343 / 1.35 ratio
2 BR0.98
2 BR
0.98ratio
FMR$2,400
Market$2,440
vs market-$40
FMR is near market; voucher and private rents are aligned.
90% standard$2,160 / 0.89 ratio110% standard$2,640 / 1.08 ratio
3 BR1.06
3 BR
1.06ratio
FMR$3,090
Market$2,920
vs market+$170
FMR is near market; voucher and private rents are aligned.
90% standard$2,781 / 0.95 ratio110% standard$3,399 / 1.16 ratio
4 BR1.07
4 BR
1.07ratio
FMR$3,580
Market$3,340
vs market+$240
FMR is near market; voucher and private rents are aligned.
90% standard$3,222 / 0.96 ratio110% standard$3,938 / 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 60563 (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.
60563 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60563 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,400 and the 4 bedroom fair market rent is $3,580.
Use this page for searches like 60563 FMR, 60563 fair market rent, and 60563 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 | $1,990 |
| 1 bedroom | $2,130 |
| 2 bedroom | $2,400 |
| 3 bedroom | $3,090 |
| 4 bedroom | $3,580 |