Irvine: Woodbridge Overview
Median home price is $382,000. Based on a rental parity value of $553,000, this market is under valued.
Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability.
Resale prices on a $/SF basis increased to $295/SF to $299/SF.
Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months.
Median rental rates increased $33 last month from $2,300 to $2,333.
Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months.
Market rating = 8
Proprietary Irvine Housing News home purchase analysis 
3 SEADRIFT #78 Irvine, CA 92604
$640,000 …….. Asking Price
$649,000 ………. Purchase Price
8/27/2003 ………. Purchase Date
($9,000) ………. Gross Gain (Loss)
($51,920) ………… Commissions and Costs at 8%
============================================
($60,920) ………. Net Gain (Loss)
============================================
-1.4% ………. Gross Percent Change
-9.4% ………. Net Percent Change
-0.2% ………… Annual Appreciation
Cost of Home Ownership 
——————————————————————————
$640,000 …….. Asking Price
$128,000 ………… 20% Down Conventional
3.97% …………. Mortgage Interest Rate
30 ……………… Number of Years
$512,000 …….. Mortgage
$140,872 ………. Income Requirement
$2,436 ………… Monthly Mortgage Payment
$555 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$160 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$489 ………… Homeowners Association Fees
============================================
$3,639 ………. Monthly Cash Outlays
($562) ………. Tax Savings
($742) ………. Equity Hidden in Payment
$176 ………….. Lost Income to Down Payment
$100 ………….. Maintenance and Replacement Reserves
============================================
$2,611 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$7,900 ………… Furnishing and Move In at 1% + $1,500
$7,900 ………… Closing Costs at 1% + $1,500
$5,120 ………… Interest Points
$128,000 ………… Down Payment
============================================
$148,920 ………. Total Cash Costs
$40,000 ………. Emergency Cash Reserves
============================================
$188,920 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..
We're sorry, but it seems that we're having some problems loading MLS # S693055 from our database. Please check back soon.
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