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
$89,655
Cost breakdown
+Likely effective rent$1,020
HUD FMR$1,040
Market rentUsed$1,020
Est. payment standard (99%)$1,030
Market rent is below the inferred standard ($1,030, 99% of FMR).
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Current value$89,655
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Current value$89,655
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Current value$89,655
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
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.
Studio0.86
Studio
0.86ratio
FMR$740
Market$860
vs market-$120
FMR is below market; voucher rent may lag private rents.
90% standard$666 / 0.77 ratio110% standard$814 / 0.95 ratio
1 BR0.90
1 BR
0.90ratio
FMR$790
Market$880
vs market-$90
FMR is below market; voucher rent may lag private rents.
90% standard$711 / 0.81 ratio110% standard$869 / 0.99 ratio
2 BR1.02
2 BR
1.02ratio
FMR$1,040
Market$1,020
vs market+$20
FMR is near market; voucher and private rents are aligned.
90% standard$936 / 0.92 ratio110% standard$1,144 / 1.12 ratio
3 BR1.13
3 BR
1.13ratio
FMR$1,360
Market$1,200
vs market+$160
FMR is above market; underwrite to market rent.
90% standard$1,224 / 1.02 ratio110% standard$1,496 / 1.25 ratio
4 BR1.06
4 BR
1.06ratio
FMR$1,440
Market$1,360
vs market+$80
FMR is near market; voucher and private rents are aligned.
90% standard$1,296 / 0.95 ratio110% standard$1,584 / 1.16 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 62841 (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.
62841 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 62841 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,040 and the 4 bedroom fair market rent is $1,440.
Use this page for searches like 62841 FMR, 62841 fair market rent, and 62841 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 | $740 |
| 1 bedroom | $790 |
| 2 bedroom | $1,040 |
| 3 bedroom | $1,360 |
| 4 bedroom | $1,440 |