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
$168,413
Cost breakdown
+Likely effective rent$1,550
HUD FMR$1,540
Market rent$1,560
Est. payment standard (101%)Used$1,550
Estimated payment standard is $1,550 (101% of FMR).
-Principal and interest-$852
Loan amount$134,730
Down payment$33,683
Rate6.50%
Term30 years
-Operating costs-$498
Property taxes-$168
Insurance-$175
Utilities$0
HOA$0
Management-$155
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$24,976(74.2% ROI)
Projected value
$181,362
Current value$168,413
Return breakdown
Property appreciation+$12,949
Loan principal paid down+$4,827
Rental cash flow+$7,200
5-year hold
+$42,739(126.9% ROI)
Projected value
$190,544
Current value$168,413
Return breakdown
Property appreciation+$22,131
Loan principal paid down+$8,608
Rental cash flow+$12,000
10-year hold
+$91,681(272.2% ROI)
Projected value
$215,583
Current value$168,413
Return breakdown
Property appreciation+$47,170
Loan principal paid down+$20,511
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.
Studio1.06
Studio
1.06ratio
FMR$1,280
Market$1,210
vs market+$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,152 / 0.95 ratio110% standard$1,408 / 1.16 ratio
1 BR1.00
1 BR
1.00ratio
FMR$1,370
Market$1,370
vs market+$0
FMR is near market; voucher and private rents are aligned.
90% standard$1,233 / 0.90 ratio110% standard$1,507 / 1.10 ratio
2 BR0.99
2 BR
0.99ratio
FMR$1,540
Market$1,560
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,386 / 0.89 ratio110% standard$1,694 / 1.09 ratio
3 BR1.03
3 BR
1.03ratio
FMR$1,980
Market$1,920
vs market+$60
FMR is near market; voucher and private rents are aligned.
90% standard$1,782 / 0.93 ratio110% standard$2,178 / 1.13 ratio
4 BR0.99
4 BR
0.99ratio
FMR$2,290
Market$2,310
vs market-$20
FMR is near market; voucher and private rents are aligned.
90% standard$2,061 / 0.89 ratio110% standard$2,519 / 1.09 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are well-aligned with market rents across 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 60624 (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.
60624 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60624 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,540 and the 4 bedroom fair market rent is $2,290.
Use this page for searches like 60624 FMR, 60624 fair market rent, and 60624 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 | $1,280 |
| 1 bedroom | $1,370 |
| 2 bedroom | $1,540 |
| 3 bedroom | $1,980 |
| 4 bedroom | $2,290 |