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
$92,627
Cost breakdown
+Likely effective rent$1,040
HUD FMR$1,370
Market rentUsed$1,040
Est. payment standard (90%)$1,230
Market rent is below the inferred standard ($1,230, 90% of FMR).
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Current value$92,627
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Current value$92,627
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Current value$92,627
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
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.
Studio1.27
Studio
1.27ratio
FMR$940
Market$740
vs market+$200
FMR is above market; underwrite to market rent.
90% standard$846 / 1.14 ratio110% standard$1,034 / 1.40 ratio
1 BR1.38
1 BR
1.38ratio
FMR$1,100
Market$800
vs market+$300
FMR is above market; underwrite to market rent.
90% standard$990 / 1.24 ratio110% standard$1,210 / 1.51 ratio
2 BR1.32
2 BR
1.32ratio
FMR$1,370
Market$1,040
vs market+$330
FMR is above market; underwrite to market rent.
90% standard$1,233 / 1.19 ratio110% standard$1,507 / 1.45 ratio
3 BR1.44
3 BR
1.44ratio
FMR$1,830
Market$1,270
vs market+$560
FMR is above market; underwrite to market rent.
90% standard$1,647 / 1.30 ratio110% standard$2,013 / 1.59 ratio
4 BR1.30
4 BR
1.30ratio
FMR$1,920
Market$1,480
vs market+$440
FMR is above market; underwrite to market rent.
90% standard$1,728 / 1.17 ratio110% standard$2,112 / 1.43 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 62701 (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.
62701 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 62701 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,370 and the 4 bedroom fair market rent is $1,920.
Use this page for searches like 62701 FMR, 62701 fair market rent, and 62701 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 | $940 |
| 1 bedroom | $1,100 |
| 2 bedroom | $1,370 |
| 3 bedroom | $1,830 |
| 4 bedroom | $1,920 |