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
$374,966
Cost breakdown
+Likely effective rent$2,940
HUD FMR$2,670
Market rent$3,340
Est. payment standard (110%)Used$2,940
Estimated payment standard is $2,940 (110% of FMR).
-Principal and interest-$1,896
Loan amount$299,973
Down payment$74,993
Rate6.50%
Term30 years
-Operating costs-$844
Property taxes-$375
Insurance-$175
Utilities$0
HOA$0
Management-$294
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$46,779(62.4% ROI)
Projected value
$403,798
Current value$374,966
Return breakdown
Property appreciation+$28,831
Loan principal paid down+$10,747
Rental cash flow+$7,200
5-year hold
+$80,439(107.3% ROI)
Projected value
$424,240
Current value$374,966
Return breakdown
Property appreciation+$49,274
Loan principal paid down+$19,165
Rental cash flow+$12,000
10-year hold
+$174,690(232.9% ROI)
Projected value
$479,989
Current value$374,966
Return breakdown
Property appreciation+$105,022
Loan principal paid down+$45,668
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.
Studio0.98
Studio
0.98ratio
FMR$2,220
Market$2,270
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,998 / 0.88 ratio110% standard$2,442 / 1.08 ratio
1 BR1.01
1 BR
1.01ratio
FMR$2,370
Market$2,350
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$2,133 / 0.91 ratio110% standard$2,607 / 1.11 ratio
2 BR0.80
2 BR
0.80ratio
FMR$2,670
Market$3,340
vs market-$670
FMR is below market; voucher rent may lag private rents.
90% standard$2,403 / 0.72 ratio110% standard$2,937 / 0.88 ratio
3 BR0.56
3 BR
0.56ratio
FMR$3,440
Market$6,190
vs market-$2,750
FMR is below market; voucher rent may lag private rents.
90% standard$3,096 / 0.50 ratio110% standard$3,784 / 0.61 ratio
4 BR0.47
4 BR
0.47ratio
FMR$3,980
Market$8,440
vs market-$4,460
FMR is below market; voucher rent may lag private rents.
0.700.800.901.001.101.201.30aligned range
Voucher rents are below market for smaller 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 60602 (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.
60602 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60602 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,670 and the 4 bedroom fair market rent is $3,980.
Use this page for searches like 60602 FMR, 60602 fair market rent, and 60602 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 | $2,220 |
| 1 bedroom | $2,370 |
| 2 bedroom | $2,670 |
| 3 bedroom | $3,440 |
| 4 bedroom | $3,980 |