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
$273,919
Cost breakdown
+Likely effective rent$2,260
HUD FMR$2,300
Market rentUsed$2,260
Est. payment standard (99%)$2,270
Market rent is below the inferred standard ($2,270, 99% of FMR).
-Principal and interest-$1,385
Loan amount$219,135
Down payment$54,784
Rate6.50%
Term30 years
-Operating costs-$675
Property taxes-$274
Insurance-$175
Utilities$0
HOA$0
Management-$226
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$36,113(65.9% ROI)
Projected value
$294,980
Current value$273,919
Return breakdown
Property appreciation+$21,062
Loan principal paid down+$7,851
Rental cash flow+$7,200
5-year hold
+$61,996(113.2% ROI)
Projected value
$309,914
Current value$273,919
Return breakdown
Property appreciation+$35,995
Loan principal paid down+$14,001
Rental cash flow+$12,000
10-year hold
+$134,081(244.7% ROI)
Projected value
$350,639
Current value$273,919
Return breakdown
Property appreciation+$76,720
Loan principal paid down+$33,361
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.
Studio1.40
Studio
1.40ratio
FMR$1,910
Market$1,360
vs market+$550
FMR is above market; underwrite to market rent.
90% standard$1,719 / 1.26 ratio110% standard$2,101 / 1.54 ratio
1 BR1.07
1 BR
1.07ratio
FMR$2,040
Market$1,900
vs market+$140
FMR is near market; voucher and private rents are aligned.
90% standard$1,836 / 0.97 ratio110% standard$2,244 / 1.18 ratio
2 BR1.02
2 BR
1.02ratio
FMR$2,300
Market$2,260
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$2,070 / 0.92 ratio110% standard$2,530 / 1.12 ratio
3 BR1.03
3 BR
1.03ratio
FMR$2,960
Market$2,860
vs market+$100
FMR is near market; voucher and private rents are aligned.
90% standard$2,664 / 0.93 ratio110% standard$3,256 / 1.14 ratio
4 BR1.39
4 BR
1.39ratio
FMR$3,430
Market$2,470
vs market+$960
FMR is above market; underwrite to market rent.
90% standard$3,087 / 1.25 ratio110% standard$3,773 / 1.53 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 60640 (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.
60640 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60640 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,300 and the 4 bedroom fair market rent is $3,430.
Use this page for searches like 60640 FMR, 60640 fair market rent, and 60640 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 | $1,910 |
| 1 bedroom | $2,040 |
| 2 bedroom | $2,300 |
| 3 bedroom | $2,960 |
| 4 bedroom | $3,430 |