Apr 222012
 

Irvine: Woodbury Overview

Median home price is $445,000. Based on a rental parity value of $648,000, this market is under valued.

Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis declined from $310/SF to $306/SF.

Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months.

Median rental rates increased $86 last month from $2,650 to $2,736.

Rents have been falling for 1 month(s). Price momentum suggests unchanging rents over the next three months.

Market rating = 5

Proprietary Irvine Housing News home purchase analysis

63 STOWE Irvine, CA 92620

$1,099,000 …….. Asking Price
$1,192,500 ………. Purchase Price
5/31/2005 ………. Purchase Date

($93,500) ………. Gross Gain (Loss)
($95,400) ………… Commissions and Costs at 8%
============================================
($188,900) ………. Net Gain (Loss)
============================================
-7.8% ………. Gross Percent Change
-15.8% ………. Net Percent Change
-1.2% ………… Annual Appreciation

Cost of Home Ownership
——————————————————————————
$1,099,000 …….. Asking Price
$219,800 ………… 20% Down Conventional
3.88% …………. Mortgage Interest Rate
30 ……………… Number of Years
$879,200 …….. Mortgage
$231,189 ………. Income Requirement

$4,137 ………… Monthly Mortgage Payment
$952 ………… Property Tax at 1.04%
$458 ………… Mello Roos & Special Taxes
$275 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$150 ………… Homeowners Association Fees
============================================
$5,972 ………. Monthly Cash Outlays

($1,063) ………. Tax Savings
($1,294) ………. Equity Hidden in Payment
$291 ………….. Lost Income to Down Payment
$157 ………….. Maintenance and Replacement Reserves
============================================
$4,064 ………. Monthly Cost of Ownership

Cash Acquisition Demands
——————————————————————————
$12,490 ………… Furnishing and Move In at 1% + $1,500
$12,490 ………… Closing Costs at 1% + $1,500
$8,792 ………… Interest Points
$219,800 ………… Down Payment
============================================
$253,572 ………. Total Cash Costs
$62,200 ………. Emergency Cash Reserves
============================================
$315,772 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..

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We're sorry, but it seems that we're having some problems loading MLS # S695166 from our database. Please check back soon.

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