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
$71,823
Cost breakdown
+Likely effective rent$900
HUD FMR$920
Market rentUsed$900
Est. payment standard (99%)$910
Market rent is below the inferred standard ($910, 99% of FMR).
-Principal and interest-$363
Loan amount$57,459
Down payment$14,365
Rate6.50%
Term30 years
-Operating costs-$337
Property taxes-$72
Insurance-$175
Utilities$0
HOA$0
Management-$90
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$14,781(102.9% ROI)
Projected value
$77,346
Current value$71,823
Return breakdown
Property appreciation+$5,523
Loan principal paid down+$2,059
Rental cash flow+$7,200
5-year hold
+$25,109(174.8% ROI)
Projected value
$81,261
Current value$71,823
Return breakdown
Property appreciation+$9,438
Loan principal paid down+$3,671
Rental cash flow+$12,000
10-year hold
+$52,864(368.0% ROI)
Projected value
$91,940
Current value$71,823
Return breakdown
Property appreciation+$20,117
Loan principal paid down+$8,747
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.
Studio0.67
Studio
0.67ratio
FMR$640
Market$950
vs market-$310
FMR is below market; voucher rent may lag private rents.
90% standard$576 / 0.61 ratio110% standard$704 / 0.74 ratio
1 BR0.83
1 BR
0.83ratio
FMR$800
Market$960
vs market-$160
FMR is below market; voucher rent may lag private rents.
90% standard$720 / 0.75 ratio110% standard$880 / 0.92 ratio
2 BR1.02
2 BR
1.02ratio
FMR$920
Market$900
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$828 / 0.92 ratio110% standard$1,012 / 1.12 ratio
3 BR1.31
3 BR
1.31ratio
FMR$1,260
Market$960
vs market+$300
FMR is above market; underwrite to market rent.
90% standard$1,134 / 1.18 ratio110% standard$1,386 / 1.44 ratio
4 BR1.35
4 BR
1.35ratio
FMR$1,390
Market$1,030
vs market+$360
FMR is above market; underwrite to market rent.
90% standard$1,251 / 1.21 ratio110% standard$1,529 / 1.48 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 61021 (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.
61021 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61021 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $920 and the 4 bedroom fair market rent is $1,390.
Use this page for searches like 61021 FMR, 61021 fair market rent, and 61021 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 | $640 |
| 1 bedroom | $800 |
| 2 bedroom | $920 |
| 3 bedroom | $1,260 |
| 4 bedroom | $1,390 |