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
$193,675
Cost breakdown
+Likely effective rent$1,720
HUD FMR$1,590
Market rent$1,790
Est. payment standard (108%)Used$1,720
Estimated payment standard is $1,720 (108% of FMR).
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Current value$193,675
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Current value$193,675
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Current value$193,675
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
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.
Studio1.10
Studio
1.10ratio
FMR$1,320
Market$1,200
vs market+$120
FMR is near market; voucher and private rents are aligned.
90% standard$1,188 / 0.99 ratio110% standard$1,452 / 1.21 ratio
1 BR1.11
1 BR
1.11ratio
FMR$1,410
Market$1,270
vs market+$140
FMR is above market; underwrite to market rent.
90% standard$1,269 / 1.00 ratio110% standard$1,551 / 1.22 ratio
2 BR0.89
2 BR
0.89ratio
FMR$1,590
Market$1,790
vs market-$200
FMR is below market; voucher rent may lag private rents.
90% standard$1,431 / 0.80 ratio110% standard$1,749 / 0.98 ratio
3 BR0.88
3 BR
0.88ratio
FMR$2,050
Market$2,330
vs market-$280
FMR is below market; voucher rent may lag private rents.
90% standard$1,845 / 0.79 ratio110% standard$2,255 / 0.97 ratio
4 BR0.85
4 BR
0.85ratio
FMR$2,370
Market$2,780
vs market-$410
FMR is below market; voucher rent may lag private rents.
90% standard$2,133 / 0.77 ratio110% standard$2,607 / 0.94 ratio
0.700.800.901.001.101.201.30aligned range
Voucher alignment varies significantly by bedroom size in this area.
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 60638 (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.
60638 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60638 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,590 and the 4 bedroom fair market rent is $2,370.
Use this page for searches like 60638 FMR, 60638 fair market rent, and 60638 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 | $1,320 |
| 1 bedroom | $1,410 |
| 2 bedroom | $1,590 |
| 3 bedroom | $2,050 |
| 4 bedroom | $2,370 |