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
$309,582
Cost breakdown
+Likely effective rent$2,500
HUD FMR$2,470
Market rent$2,510
Est. payment standard (101%)Used$2,500
Estimated payment standard is $2,500 (101% of FMR).
-Principal and interest-$1,565
Loan amount$247,666
Down payment$61,916
Rate6.50%
Term30 years
-Operating costs-$735
Property taxes-$310
Insurance-$175
Utilities$0
HOA$0
Management-$250
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$39,877(64.4% ROI)
Projected value
$333,386
Current value$309,582
Return breakdown
Property appreciation+$23,804
Loan principal paid down+$8,873
Rental cash flow+$7,200
5-year hold
+$68,505(110.6% ROI)
Projected value
$350,264
Current value$309,582
Return breakdown
Property appreciation+$40,682
Loan principal paid down+$15,823
Rental cash flow+$12,000
10-year hold
+$148,414(239.7% ROI)
Projected value
$396,292
Current value$309,582
Return breakdown
Property appreciation+$86,709
Loan principal paid down+$37,704
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.
Studio1.15
Studio
1.15ratio
FMR$2,050
Market$1,790
vs market+$260
FMR is above market; underwrite to market rent.
90% standard$1,845 / 1.03 ratio110% standard$2,255 / 1.26 ratio
1 BR1.08
1 BR
1.08ratio
FMR$2,190
Market$2,030
vs market+$160
FMR is near market; voucher and private rents are aligned.
90% standard$1,971 / 0.97 ratio110% standard$2,409 / 1.19 ratio
2 BR0.98
2 BR
0.98ratio
FMR$2,470
Market$2,510
vs market-$40
FMR is near market; voucher and private rents are aligned.
90% standard$2,223 / 0.89 ratio110% standard$2,717 / 1.08 ratio
3 BR1.08
3 BR
1.08ratio
FMR$3,180
Market$2,950
vs market+$230
FMR is near market; voucher and private rents are aligned.
90% standard$2,862 / 0.97 ratio110% standard$3,498 / 1.19 ratio
4 BR1.19
4 BR
1.19ratio
FMR$3,680
Market$3,090
vs market+$590
FMR is above market; underwrite to market rent.
90% standard$3,312 / 1.07 ratio110% standard$4,048 / 1.31 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 60622 (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.
60622 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60622 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,470 and the 4 bedroom fair market rent is $3,680.
Use this page for searches like 60622 FMR, 60622 fair market rent, and 60622 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 | $2,050 |
| 1 bedroom | $2,190 |
| 2 bedroom | $2,470 |
| 3 bedroom | $3,180 |
| 4 bedroom | $3,680 |