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
$62,907
Cost breakdown
+Likely effective rent$840
HUD FMR$1,010
Market rentUsed$840
Est. payment standard (90%)$910
Market rent is below the inferred standard ($910, 90% of FMR).
-Principal and interest-$318
Loan amount$50,326
Down payment$12,581
Rate6.50%
Term30 years
-Operating costs-$322
Property taxes-$63
Insurance-$175
Utilities$0
HOA$0
Management-$84
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$13,840(110.0% ROI)
Projected value
$67,744
Current value$62,907
Return breakdown
Property appreciation+$4,837
Loan principal paid down+$1,803
Rental cash flow+$7,200
5-year hold
+$23,482(186.6% ROI)
Projected value
$71,174
Current value$62,907
Return breakdown
Property appreciation+$8,267
Loan principal paid down+$3,215
Rental cash flow+$12,000
10-year hold
+$49,281(391.7% ROI)
Projected value
$80,526
Current value$62,907
Return breakdown
Property appreciation+$17,619
Loan principal paid down+$7,662
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.
Studio1.00
Studio
1.00ratio
FMR$700
Market$700
vs market+$0
FMR is near market; voucher and private rents are aligned.
90% standard$630 / 0.90 ratio110% standard$770 / 1.10 ratio
1 BR1.28
1 BR
1.28ratio
FMR$770
Market$600
vs market+$170
FMR is above market; underwrite to market rent.
90% standard$693 / 1.16 ratio110% standard$847 / 1.41 ratio
2 BR1.20
2 BR
1.20ratio
FMR$1,010
Market$840
vs market+$170
FMR is above market; underwrite to market rent.
90% standard$909 / 1.08 ratio110% standard$1,111 / 1.32 ratio
3 BR1.27
3 BR
1.27ratio
FMR$1,220
Market$960
vs market+$260
FMR is above market; underwrite to market rent.
90% standard$1,098 / 1.14 ratio110% standard$1,342 / 1.40 ratio
4 BR1.33
4 BR
1.33ratio
FMR$1,360
Market$1,020
vs market+$340
FMR is above market; underwrite to market rent.
90% standard$1,224 / 1.20 ratio110% standard$1,496 / 1.47 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 60942 (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.
60942 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60942 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,010 and the 4 bedroom fair market rent is $1,360.
Use this page for searches like 60942 FMR, 60942 fair market rent, and 60942 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 | $700 |
| 1 bedroom | $770 |
| 2 bedroom | $1,010 |
| 3 bedroom | $1,220 |
| 4 bedroom | $1,360 |