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
$86,683
Cost breakdown
+Likely effective rent$1,000
HUD FMR$920
Market rent$1,040
Est. payment standard (108%)Used$1,000
Estimated payment standard is $1,000 (108% of FMR).
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Current value$86,683
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Current value$86,683
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Current value$86,683
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
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.
Studio0.77
Studio
0.77ratio
FMR$630
Market$820
vs market-$190
FMR is below market; voucher rent may lag private rents.
90% standard$567 / 0.69 ratio110% standard$693 / 0.85 ratio
1 BR0.84
1 BR
0.84ratio
FMR$720
Market$860
vs market-$140
FMR is below market; voucher rent may lag private rents.
90% standard$648 / 0.75 ratio110% standard$792 / 0.92 ratio
2 BR0.88
2 BR
0.88ratio
FMR$920
Market$1,040
vs market-$120
FMR is below market; voucher rent may lag private rents.
90% standard$828 / 0.80 ratio110% standard$1,012 / 0.97 ratio
3 BR1.12
3 BR
1.12ratio
FMR$1,200
Market$1,070
vs market+$130
FMR is above market; underwrite to market rent.
90% standard$1,080 / 1.01 ratio110% standard$1,320 / 1.23 ratio
4 BR1.16
4 BR
1.16ratio
FMR$1,290
Market$1,110
vs market+$180
FMR is above market; underwrite to market rent.
90% standard$1,161 / 1.05 ratio110% standard$1,419 / 1.28 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 61938 (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.
61938 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 61938 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 $1,290.
Use this page for searches like 61938 FMR, 61938 fair market rent, and 61938 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 | $720 |
| 2 bedroom | $920 |
| 3 bedroom | $1,200 |
| 4 bedroom | $1,290 |