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
$165,441
Cost breakdown
+Likely effective rent$1,530
HUD FMR$1,430
Market rent$1,580
Est. payment standard (107%)Used$1,530
Estimated payment standard is $1,530 (107% of FMR).
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Current value$165,441
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Current value$165,441
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Current value$165,441
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
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.
Studio1.01
Studio
1.01ratio
FMR$1,020
Market$1,010
vs market+$10
FMR is near market; voucher and private rents are aligned.
90% standard$918 / 0.91 ratio110% standard$1,122 / 1.11 ratio
1 BR1.00
1 BR
1.00ratio
FMR$1,100
Market$1,100
vs market+$0
FMR is near market; voucher and private rents are aligned.
90% standard$990 / 0.90 ratio110% standard$1,210 / 1.10 ratio
2 BR0.91
2 BR
0.91ratio
FMR$1,430
Market$1,580
vs market-$150
FMR is near market; voucher and private rents are aligned.
90% standard$1,287 / 0.81 ratio110% standard$1,573 / 1.00 ratio
3 BR1.04
3 BR
1.04ratio
FMR$1,890
Market$1,810
vs market+$80
FMR is near market; voucher and private rents are aligned.
90% standard$1,701 / 0.94 ratio110% standard$2,079 / 1.15 ratio
4 BR0.96
4 BR
0.96ratio
FMR$1,890
Market$1,960
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$1,701 / 0.87 ratio110% standard$2,079 / 1.06 ratio
0.700.800.901.001.101.201.30aligned range
Voucher rents are well-aligned with 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 61704 (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.
61704 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61704 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,430 and the 4 bedroom fair market rent is $1,890.
Use this page for searches like 61704 FMR, 61704 fair market rent, and 61704 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 | $1,100 |
| 2 bedroom | $1,430 |
| 3 bedroom | $1,890 |
| 4 bedroom | $1,890 |