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
$208,535
Cost breakdown
+Likely effective rent$1,820
HUD FMR$1,730
Market rent$1,870
Est. payment standard (105%)Used$1,820
Estimated payment standard is $1,820 (105% of FMR).
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Current value$208,535
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Current value$208,535
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Current value$208,535
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
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.
Studio1.00
Studio
1.00ratio
FMR$1,190
Market$1,190
vs market+$0
FMR is near market; voucher and private rents are aligned.
90% standard$1,071 / 0.90 ratio110% standard$1,309 / 1.10 ratio
1 BR0.97
1 BR
0.97ratio
FMR$1,400
Market$1,450
vs market-$50
FMR is near market; voucher and private rents are aligned.
90% standard$1,260 / 0.87 ratio110% standard$1,540 / 1.06 ratio
2 BR0.93
2 BR
0.93ratio
FMR$1,730
Market$1,870
vs market-$140
FMR is near market; voucher and private rents are aligned.
90% standard$1,557 / 0.83 ratio110% standard$1,903 / 1.02 ratio
3 BR1.23
3 BR
1.23ratio
FMR$2,410
Market$1,960
vs market+$450
FMR is above market; underwrite to market rent.
90% standard$2,169 / 1.11 ratio110% standard$2,651 / 1.35 ratio
4 BR1.52
4 BR
1.52ratio
FMR$2,830
Market$1,860
vs market+$970
FMR is above market; underwrite to market rent.
90% standard$2,547 / 1.37 ratio110% standard$3,113 / 1.67 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 87151 (NM) 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.
87151 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 87151 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,730 and the 4 bedroom fair market rent is $2,830.
Use this page for searches like 87151 FMR, 87151 fair market rent, and 87151 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 | $1,190 |
| 1 bedroom | $1,400 |
| 2 bedroom | $1,730 |
| 3 bedroom | $2,410 |
| 4 bedroom | $2,830 |