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
$158,011
Cost breakdown
+Likely effective rent$1,480
HUD FMR$1,480
Market rent$1,480
Est. payment standard (100%)Used$1,480
Estimated payment standard is $1,480 (100% of FMR).
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Current value$158,011
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Current value$158,011
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Current value$158,011
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
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.
Studio0.84
Studio
0.84ratio
FMR$1,020
Market$1,220
vs market-$200
FMR is below market; voucher rent may lag private rents.
90% standard$918 / 0.75 ratio110% standard$1,122 / 0.92 ratio
1 BR0.96
1 BR
0.96ratio
FMR$1,130
Market$1,180
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,017 / 0.86 ratio110% standard$1,243 / 1.05 ratio
2 BR1.00
2 BR
1.00ratio
FMR$1,480
Market$1,480
vs market+$0
FMR is near market; voucher and private rents are aligned.
90% standard$1,332 / 0.90 ratio110% standard$1,628 / 1.10 ratio
3 BR0.97
3 BR
0.97ratio
FMR$1,960
Market$2,020
vs market-$60
FMR is near market; voucher and private rents are aligned.
90% standard$1,764 / 0.87 ratio110% standard$2,156 / 1.07 ratio
4 BR0.95
4 BR
0.95ratio
FMR$2,010
Market$2,120
vs market-$110
FMR is near market; voucher and private rents are aligned.
90% standard$1,809 / 0.85 ratio110% standard$2,211 / 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 61114 (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.
61114 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61114 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,480 and the 4 bedroom fair market rent is $2,010.
Use this page for searches like 61114 FMR, 61114 fair market rent, and 61114 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 | $1,020 |
| 1 bedroom | $1,130 |
| 2 bedroom | $1,480 |
| 3 bedroom | $1,960 |
| 4 bedroom | $2,010 |