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
$224,881
Cost breakdown
+Likely effective rent$1,930
HUD FMR$1,750
Market rent$2,090
Est. payment standard (110%)Used$1,930
Estimated payment standard is $1,930 (110% of FMR).
-Principal and interest-$1,137
Loan amount$179,905
Down payment$44,976
Rate6.50%
Term30 years
-Operating costs-$593
Property taxes-$225
Insurance-$175
Utilities$0
HOA$0
Management-$193
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$30,937(68.8% ROI)
Projected value
$242,172
Current value$224,881
Return breakdown
Property appreciation+$17,291
Loan principal paid down+$6,446
Rental cash flow+$7,200
5-year hold
+$53,045(117.9% ROI)
Projected value
$254,432
Current value$224,881
Return breakdown
Property appreciation+$29,551
Loan principal paid down+$11,494
Rental cash flow+$12,000
10-year hold
+$114,374(254.3% ROI)
Projected value
$287,866
Current value$224,881
Return breakdown
Property appreciation+$62,986
Loan principal paid down+$27,388
Rental cash flow+$24,000
Rolodex
Upgrade to access AI-powered research tools
UpgradeMarket Alignment
FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.
Studio1.04
Studio
1.04ratio
FMR$1,450
Market$1,400
vs market+$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,305 / 0.93 ratio110% standard$1,595 / 1.14 ratio
1 BR0.93
1 BR
0.93ratio
FMR$1,550
Market$1,660
vs market-$110
FMR is near market; voucher and private rents are aligned.
90% standard$1,395 / 0.84 ratio110% standard$1,705 / 1.03 ratio
2 BR0.84
2 BR
0.84ratio
FMR$1,750
Market$2,090
vs market-$340
FMR is below market; voucher rent may lag private rents.
90% standard$1,575 / 0.75 ratio110% standard$1,925 / 0.92 ratio
3 BR0.85
3 BR
0.85ratio
FMR$2,250
Market$2,650
vs market-$400
FMR is below market; voucher rent may lag private rents.
90% standard$2,025 / 0.76 ratio110% standard$2,475 / 0.93 ratio
4 BR0.95
4 BR
0.95ratio
FMR$2,610
Market$2,750
vs market-$140
FMR is near market; voucher and private rents are aligned.
90% standard$2,349 / 0.85 ratio110% standard$2,871 / 1.04 ratio
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 60656 (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.
60656 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60656 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,750 and the 4 bedroom fair market rent is $2,610.
Use this page for searches like 60656 FMR, 60656 fair market rent, and 60656 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 | $1,450 |
| 1 bedroom | $1,550 |
| 2 bedroom | $1,750 |
| 3 bedroom | $2,250 |
| 4 bedroom | $2,610 |