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
$287,293
Cost breakdown
+Likely effective rent$2,350
HUD FMR$2,600
Market rentUsed$2,350
Est. payment standard (94%)$2,440
Market rent is below the inferred standard ($2,440, 94% of FMR).
-Principal and interest-$1,453
Loan amount$229,834
Down payment$57,459
Rate6.50%
Term30 years
-Operating costs-$697
Property taxes-$287
Insurance-$175
Utilities$0
HOA$0
Management-$235
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$37,525(65.3% ROI)
Projected value
$309,383
Current value$287,293
Return breakdown
Property appreciation+$22,090
Loan principal paid down+$8,234
Rental cash flow+$7,200
5-year hold
+$64,437(112.1% ROI)
Projected value
$325,045
Current value$287,293
Return breakdown
Property appreciation+$37,753
Loan principal paid down+$14,684
Rental cash flow+$12,000
10-year hold
+$139,456(242.7% ROI)
Projected value
$367,759
Current value$287,293
Return breakdown
Property appreciation+$80,466
Loan principal paid down+$34,990
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.
Studio1.00
Studio
1.00ratio
FMR$2,110
Market$2,120
vs market-$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,899 / 0.90 ratio110% standard$2,321 / 1.09 ratio
1 BR1.15
1 BR
1.15ratio
FMR$2,270
Market$1,970
vs market+$300
FMR is above market; underwrite to market rent.
90% standard$2,043 / 1.04 ratio110% standard$2,497 / 1.27 ratio
2 BR1.11
2 BR
1.11ratio
FMR$2,600
Market$2,350
vs market+$250
FMR is above market; underwrite to market rent.
90% standard$2,340 / 1.00 ratio110% standard$2,860 / 1.22 ratio
3 BR1.23
3 BR
1.23ratio
FMR$3,380
Market$2,740
vs market+$640
FMR is above market; underwrite to market rent.
90% standard$3,042 / 1.11 ratio110% standard$3,718 / 1.36 ratio
4 BR1.40
4 BR
1.40ratio
FMR$3,850
Market$2,750
vs market+$1,100
FMR is above market; underwrite to market rent.
90% standard$3,465 / 1.26 ratio110% standard$4,235 / 1.54 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 60586 (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.
60586 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60586 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,600 and the 4 bedroom fair market rent is $3,850.
Use this page for searches like 60586 FMR, 60586 fair market rent, and 60586 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 | $2,110 |
| 1 bedroom | $2,270 |
| 2 bedroom | $2,600 |
| 3 bedroom | $3,380 |
| 4 bedroom | $3,850 |