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
$95,599
Cost breakdown
+Likely effective rent$1,060
HUD FMR$1,180
Market rentUsed$1,060
Est. payment standard (93%)$1,100
Market rent is below the inferred standard ($1,100, 93% of FMR).
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Current value$95,599
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Current value$95,599
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Current value$95,599
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
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.
Studio1.04
Studio
1.04ratio
FMR$810
Market$780
vs market+$30
FMR is near market; voucher and private rents are aligned.
90% standard$729 / 0.93 ratio110% standard$891 / 1.14 ratio
1 BR1.09
1 BR
1.09ratio
FMR$950
Market$870
vs market+$80
FMR is near market; voucher and private rents are aligned.
90% standard$855 / 0.98 ratio110% standard$1,045 / 1.20 ratio
2 BR1.11
2 BR
1.11ratio
FMR$1,180
Market$1,060
vs market+$120
FMR is above market; underwrite to market rent.
90% standard$1,062 / 1.00 ratio110% standard$1,298 / 1.22 ratio
3 BR1.08
3 BR
1.08ratio
FMR$1,580
Market$1,460
vs market+$120
FMR is near market; voucher and private rents are aligned.
90% standard$1,422 / 0.97 ratio110% standard$1,738 / 1.19 ratio
4 BR1.11
4 BR
1.11ratio
FMR$1,650
Market$1,490
vs market+$160
FMR is above market; underwrite to market rent.
90% standard$1,485 / 1.00 ratio110% standard$1,815 / 1.22 ratio
0.700.800.901.001.101.201.30aligned range
HUD benchmarks exceed market rents for larger unit 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 62702 (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.
62702 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 62702 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,180 and the 4 bedroom fair market rent is $1,650.
Use this page for searches like 62702 FMR, 62702 fair market rent, and 62702 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 | $810 |
| 1 bedroom | $950 |
| 2 bedroom | $1,180 |
| 3 bedroom | $1,580 |
| 4 bedroom | $1,650 |