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
$67,365
Cost breakdown
+Likely effective rent$870
HUD FMR$920
Market rentUsed$870
Est. payment standard (96%)$890
Market rent is below the inferred standard ($890, 96% of FMR).
-Principal and interest-$341
Loan amount$53,892
Down payment$13,473
Rate6.50%
Term30 years
-Operating costs-$329
Property taxes-$67
Insurance-$175
Utilities$0
HOA$0
Management-$87
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$14,311(106.2% ROI)
Projected value
$72,545
Current value$67,365
Return breakdown
Property appreciation+$5,180
Loan principal paid down+$1,931
Rental cash flow+$7,200
5-year hold
+$24,296(180.3% ROI)
Projected value
$76,217
Current value$67,365
Return breakdown
Property appreciation+$8,852
Loan principal paid down+$3,443
Rental cash flow+$12,000
10-year hold
+$51,072(379.1% ROI)
Projected value
$86,233
Current value$67,365
Return breakdown
Property appreciation+$18,868
Loan principal paid down+$8,204
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.
Studio0.88
Studio
0.88ratio
FMR$670
Market$760
vs market-$90
FMR is below market; voucher rent may lag private rents.
90% standard$603 / 0.79 ratio110% standard$737 / 0.97 ratio
1 BR0.91
1 BR
0.91ratio
FMR$720
Market$790
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$648 / 0.82 ratio110% standard$792 / 1.00 ratio
2 BR1.06
2 BR
1.06ratio
FMR$920
Market$870
vs market+$50
FMR is near market; voucher and private rents are aligned.
90% standard$828 / 0.95 ratio110% standard$1,012 / 1.16 ratio
3 BR1.29
3 BR
1.29ratio
FMR$1,190
Market$920
vs market+$270
FMR is above market; underwrite to market rent.
90% standard$1,071 / 1.16 ratio110% standard$1,309 / 1.42 ratio
4 BR1.31
4 BR
1.31ratio
FMR$1,280
Market$980
vs market+$300
FMR is above market; underwrite to market rent.
90% standard$1,152 / 1.18 ratio110% standard$1,408 / 1.44 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 61547 (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.
61547 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61547 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 $1,280.
Use this page for searches like 61547 FMR, 61547 fair market rent, and 61547 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 | $670 |
| 1 bedroom | $720 |
| 2 bedroom | $920 |
| 3 bedroom | $1,190 |
| 4 bedroom | $1,280 |