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
$48,047
Cost breakdown
+Likely effective rent$740
HUD FMR$1,010
Market rentUsed$740
Est. payment standard (90%)$910
Market rent is below the inferred standard ($910, 90% of FMR).
-Principal and interest-$243
Loan amount$38,438
Down payment$9,609
Rate6.50%
Term30 years
-Operating costs-$297
Property taxes-$48
Insurance-$175
Utilities$0
HOA$0
Management-$74
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$12,272(127.7% ROI)
Projected value
$51,742
Current value$48,047
Return breakdown
Property appreciation+$3,694
Loan principal paid down+$1,377
Rental cash flow+$7,200
5-year hold
+$20,770(216.1% ROI)
Projected value
$54,361
Current value$48,047
Return breakdown
Property appreciation+$6,314
Loan principal paid down+$2,456
Rental cash flow+$12,000
10-year hold
+$43,309(450.7% ROI)
Projected value
$61,504
Current value$48,047
Return breakdown
Property appreciation+$13,457
Loan principal paid down+$5,852
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.
Studio1.25
Studio
1.25ratio
FMR$700
Market$560
vs market+$140
FMR is above market; underwrite to market rent.
90% standard$630 / 1.13 ratio110% standard$770 / 1.38 ratio
1 BR1.20
1 BR
1.20ratio
FMR$770
Market$640
vs market+$130
FMR is above market; underwrite to market rent.
90% standard$693 / 1.08 ratio110% standard$847 / 1.32 ratio
2 BR1.36
2 BR
1.36ratio
FMR$1,010
Market$740
vs market+$270
FMR is above market; underwrite to market rent.
90% standard$909 / 1.23 ratio110% standard$1,111 / 1.50 ratio
3 BR1.42
3 BR
1.42ratio
FMR$1,220
Market$860
vs market+$360
FMR is above market; underwrite to market rent.
90% standard$1,098 / 1.28 ratio110% standard$1,342 / 1.56 ratio
4 BR1.47
4 BR
1.47ratio
FMR$1,350
Market$920
vs market+$430
FMR is above market; underwrite to market rent.
90% standard$1,215 / 1.32 ratio110% standard$1,485 / 1.61 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 61832 (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.
61832 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61832 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,010 and the 4 bedroom fair market rent is $1,350.
Use this page for searches like 61832 FMR, 61832 fair market rent, and 61832 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 | $700 |
| 1 bedroom | $770 |
| 2 bedroom | $1,010 |
| 3 bedroom | $1,220 |
| 4 bedroom | $1,350 |