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
$79,253
Cost breakdown
+Likely effective rent$950
HUD FMR$1,110
Market rentUsed$950
Est. payment standard (91%)$1,010
Market rent is below the inferred standard ($1,010, 91% of FMR).
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Current value$79,253
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Current value$79,253
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Current value$79,253
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
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.
Studio0.94
Studio
0.94ratio
FMR$810
Market$860
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$729 / 0.85 ratio110% standard$891 / 1.04 ratio
1 BR0.97
1 BR
0.97ratio
FMR$870
Market$900
vs market-$30
FMR is near market; voucher and private rents are aligned.
90% standard$783 / 0.87 ratio110% standard$957 / 1.06 ratio
2 BR1.17
2 BR
1.17ratio
FMR$1,110
Market$950
vs market+$160
FMR is above market; underwrite to market rent.
90% standard$999 / 1.05 ratio110% standard$1,221 / 1.29 ratio
3 BR1.01
3 BR
1.01ratio
FMR$1,440
Market$1,420
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$1,296 / 0.91 ratio110% standard$1,584 / 1.12 ratio
4 BR1.12
4 BR
1.12ratio
FMR$1,550
Market$1,380
vs market+$170
FMR is above market; underwrite to market rent.
90% standard$1,395 / 1.01 ratio110% standard$1,705 / 1.24 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 61603 (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.
61603 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61603 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,110 and the 4 bedroom fair market rent is $1,550.
Use this page for searches like 61603 FMR, 61603 fair market rent, and 61603 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 | $810 |
| 1 bedroom | $870 |
| 2 bedroom | $1,110 |
| 3 bedroom | $1,440 |
| 4 bedroom | $1,550 |