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
$46,561
Cost breakdown
+Likely effective rent$730
HUD FMR$1,010
Market rentUsed$730
Est. payment standard (90%)$910
Market rent is below the inferred standard ($910, 90% of FMR).
-Principal and interest-$235
Loan amount$37,249
Down payment$9,312
Rate6.50%
Term30 years
-Operating costs-$295
Property taxes-$47
Insurance-$175
Utilities$0
HOA$0
Management-$73
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$12,115(130.1% ROI)
Projected value
$50,141
Current value$46,561
Return breakdown
Property appreciation+$3,580
Loan principal paid down+$1,335
Rental cash flow+$7,200
5-year hold
+$20,498(220.1% ROI)
Projected value
$52,680
Current value$46,561
Return breakdown
Property appreciation+$6,119
Loan principal paid down+$2,380
Rental cash flow+$12,000
10-year hold
+$42,712(458.7% ROI)
Projected value
$59,602
Current value$46,561
Return breakdown
Property appreciation+$13,041
Loan principal paid down+$5,671
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.
Studio1.30
Studio
1.30ratio
FMR$820
Market$630
vs market+$190
FMR is above market; underwrite to market rent.
90% standard$738 / 1.17 ratio110% standard$902 / 1.43 ratio
1 BR1.19
1 BR
1.19ratio
FMR$820
Market$690
vs market+$130
FMR is above market; underwrite to market rent.
90% standard$738 / 1.07 ratio110% standard$902 / 1.31 ratio
2 BR1.38
2 BR
1.38ratio
FMR$1,010
Market$730
vs market+$280
FMR is above market; underwrite to market rent.
90% standard$909 / 1.25 ratio110% standard$1,111 / 1.52 ratio
3 BR1.65
3 BR
1.65ratio
FMR$1,340
Market$810
vs market+$530
FMR is above market; underwrite to market rent.
4 BR1.70
4 BR
1.70ratio
FMR$1,380
Market$810
vs market+$570
FMR is above market; underwrite to market rent.
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed 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 60949 (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.
60949 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 60949 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 $1,380.
Use this page for searches like 60949 FMR, 60949 fair market rent, and 60949 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 | $820 |
| 1 bedroom | $820 |
| 2 bedroom | $1,010 |
| 3 bedroom | $1,340 |
| 4 bedroom | $1,380 |