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
$137,207
Cost breakdown
+Likely effective rent$1,340
HUD FMR$1,710
Market rentUsed$1,340
Est. payment standard (90%)$1,540
Market rent is below the inferred standard ($1,540, 90% of FMR).
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Current value$137,207
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Current value$137,207
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Current value$137,207
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
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.
Studio1.27
Studio
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
1 BR1.29
1 BR
1.29ratio
FMR$1,390
Market$1,080
vs market+$310
FMR is above market; underwrite to market rent.
90% standard$1,251 / 1.16 ratio110% standard$1,529 / 1.42 ratio
2 BR1.28
2 BR
1.28ratio
FMR$1,710
Market$1,340
vs market+$370
FMR is above market; underwrite to market rent.
90% standard$1,539 / 1.15 ratio110% standard$1,881 / 1.40 ratio
3 BR1.45
3 BR
1.45ratio
FMR$2,240
Market$1,540
vs market+$700
FMR is above market; underwrite to market rent.
90% standard$2,016 / 1.31 ratio110% standard$2,464 / 1.60 ratio
4 BR1.45
4 BR
1.45ratio
FMR$2,720
Market$1,870
vs market+$850
FMR is above market; underwrite to market rent.
90% standard$2,448 / 1.31 ratio110% standard$2,992 / 1.60 ratio
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 61240 (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.
61240 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61240 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,710 and the 4 bedroom fair market rent is $2,720.
Use this page for searches like 61240 FMR, 61240 fair market rent, and 61240 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 | $1,220 |
| 1 bedroom | $1,390 |
| 2 bedroom | $1,710 |
| 3 bedroom | $2,240 |
| 4 bedroom | $2,720 |