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
$270,947
Cost breakdown
+Likely effective rent$2,240
HUD FMR$2,320
Market rentUsed$2,240
Est. payment standard (98%)$2,270
Market rent is below the inferred standard ($2,270, 98% of FMR).
-Principal and interest-$1,370
Loan amount$216,757
Down payment$54,189
Rate6.50%
Term30 years
-Operating costs-$670
Property taxes-$271
Insurance-$175
Utilities$0
HOA$0
Management-$224
=Target cash flow+$200
Calculation mode
Hold period projections
Annual appreciation rate
3-year hold
+$35,799(66.1% ROI)
Projected value
$291,780
Current value$270,947
Return breakdown
Property appreciation+$20,833
Loan principal paid down+$7,766
Rental cash flow+$7,200
5-year hold
+$61,453(113.4% ROI)
Projected value
$306,551
Current value$270,947
Return breakdown
Property appreciation+$35,605
Loan principal paid down+$13,849
Rental cash flow+$12,000
10-year hold
+$132,887(245.2% ROI)
Projected value
$346,835
Current value$270,947
Return breakdown
Property appreciation+$75,888
Loan principal paid down+$32,999
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.
Studio1.08
Studio
1.08ratio
FMR$1,820
Market$1,680
vs market+$140
FMR is near market; voucher and private rents are aligned.
90% standard$1,638 / 0.97 ratio110% standard$2,002 / 1.19 ratio
1 BR1.05
1 BR
1.05ratio
FMR$1,990
Market$1,890
vs market+$100
FMR is near market; voucher and private rents are aligned.
90% standard$1,791 / 0.95 ratio110% standard$2,189 / 1.16 ratio
2 BR1.04
2 BR
1.04ratio
FMR$2,320
Market$2,240
vs market+$80
FMR is near market; voucher and private rents are aligned.
90% standard$2,088 / 0.93 ratio110% standard$2,552 / 1.14 ratio
3 BR1.22
3 BR
1.22ratio
FMR$3,090
Market$2,540
vs market+$550
FMR is above market; underwrite to market rent.
90% standard$2,781 / 1.09 ratio110% standard$3,399 / 1.34 ratio
4 BR1.37
4 BR
1.37ratio
FMR$3,890
Market$2,830
vs market+$1,060
FMR is above market; underwrite to market rent.
90% standard$3,501 / 1.24 ratio110% standard$4,279 / 1.51 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 98516 (WA) 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.
98516 fair market rent and Section 8 rent limits
The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 98516 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,320 and the 4 bedroom fair market rent is $3,890.
Use this page for searches like 98516 FMR, 98516 fair market rent, and 98516 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 | $1,820 |
| 1 bedroom | $1,990 |
| 2 bedroom | $2,320 |
| 3 bedroom | $3,090 |
| 4 bedroom | $3,890 |