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
$103,029
Cost breakdown
+Likely effective rent$1,110
HUD FMR$1,120
Market rentUsed$1,110
Est. payment standard (99%)$1,110
Market rent is below the inferred standard ($1,110, 99% of FMR).
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Current value$103,029
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Current value$103,029
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Current value$103,029
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
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.
Studio1.05
Studio
1.05ratio
FMR$800
Market$760
vs market+$40
FMR is near market; voucher and private rents are aligned.
90% standard$720 / 0.95 ratio110% standard$880 / 1.16 ratio
1 BR0.93
1 BR
0.93ratio
FMR$910
Market$980
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$819 / 0.84 ratio110% standard$1,001 / 1.02 ratio
2 BR1.01
2 BR
1.01ratio
FMR$1,120
Market$1,110
vs market+$10
FMR is near market; voucher and private rents are aligned.
90% standard$1,008 / 0.91 ratio110% standard$1,232 / 1.11 ratio
3 BR1.09
3 BR
1.09ratio
FMR$1,470
Market$1,350
vs market+$120
FMR is near market; voucher and private rents are aligned.
90% standard$1,323 / 0.98 ratio110% standard$1,617 / 1.20 ratio
4 BR1.16
4 BR
1.16ratio
FMR$1,780
Market$1,540
vs market+$240
FMR is above market; underwrite to market rent.
90% standard$1,602 / 1.04 ratio110% standard$1,958 / 1.27 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 61201 (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.
61201 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61201 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,120 and the 4 bedroom fair market rent is $1,780.
Use this page for searches like 61201 FMR, 61201 fair market rent, and 61201 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 | $800 |
| 1 bedroom | $910 |
| 2 bedroom | $1,120 |
| 3 bedroom | $1,470 |
| 4 bedroom | $1,780 |