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
$53,991
Cost breakdown
+Likely effective rent$780
HUD FMR$920
Market rentUsed$780
Est. payment standard (90%)$830
Market rent is below the inferred standard ($830, 90% of FMR).
-Principal and interest-$273
Loan amount$43,193
Down payment$10,798
Rate6.50%
Term30 years
-Operating costs-$307
Property taxes-$54
Insurance-$175
Utilities$0
HOA$0
Management-$78
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$12,899(119.5% ROI)
Projected value
$58,143
Current value$53,991
Return breakdown
Property appreciation+$4,151
Loan principal paid down+$1,547
Rental cash flow+$7,200
5-year hold
+$21,854(202.4% ROI)
Projected value
$61,086
Current value$53,991
Return breakdown
Property appreciation+$7,095
Loan principal paid down+$2,760
Rental cash flow+$12,000
10-year hold
+$45,698(423.2% ROI)
Projected value
$69,113
Current value$53,991
Return breakdown
Property appreciation+$15,122
Loan principal paid down+$6,576
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.
Studio0.81
Studio
0.81ratio
FMR$630
Market$780
vs market-$150
FMR is below market; voucher rent may lag private rents.
90% standard$567 / 0.73 ratio110% standard$693 / 0.89 ratio
1 BR0.91
1 BR
0.91ratio
FMR$710
Market$780
vs market-$70
FMR is near market; voucher and private rents are aligned.
90% standard$639 / 0.82 ratio110% standard$781 / 1.00 ratio
2 BR1.18
2 BR
1.18ratio
FMR$920
Market$780
vs market+$140
FMR is above market; underwrite to market rent.
90% standard$828 / 1.06 ratio110% standard$1,012 / 1.30 ratio
3 BR1.40
3 BR
1.40ratio
FMR$1,130
Market$810
vs market+$320
FMR is above market; underwrite to market rent.
90% standard$1,017 / 1.26 ratio110% standard$1,243 / 1.53 ratio
4 BR1.44
4 BR
1.44ratio
FMR$1,250
Market$870
vs market+$380
FMR is above market; underwrite to market rent.
90% standard$1,125 / 1.29 ratio110% standard$1,375 / 1.58 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 61870 (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.
61870 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61870 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 $1,250.
Use this page for searches like 61870 FMR, 61870 fair market rent, and 61870 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 | $630 |
| 1 bedroom | $710 |
| 2 bedroom | $920 |
| 3 bedroom | $1,130 |
| 4 bedroom | $1,250 |