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 
30 East YALE Loop #21 Irvine, CA 92604
$499,000 …….. Asking Price
$720,000 ………. Purchase Price
7/14/2006 ………. Purchase Date
($221,000) ………. Gross Gain (Loss)
($57,600) ………… Commissions and Costs at 8%
============================================
($278,600) ………. Net Gain (Loss)
============================================
-30.7% ………. Gross Percent Change
-38.7% ………. Net Percent Change
-6.3% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$499,000 …….. Asking Price
$17,465 ………… 3.5% Down FHA Financing
3.88% …………. Mortgage Interest Rate
30 ……………… Number of Years
$481,535 …….. Mortgage
$144,254 ………. Income Requirement
$2,266 ………… Monthly Mortgage Payment
$432 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$125 ………… Homeowners Insurance at 0.3%
$502 ………… Private Mortgage Insurance
$402 ………… Homeowners Association Fees
============================================
$3,727 ………. Monthly Cash Outlays
($497) ………. Tax Savings
($709) ………. Equity Hidden in Payment
$23 ………….. Lost Income to Down Payment
$82 ………….. Maintenance and Replacement Reserves
============================================
$2,626 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$6,490 ………… Furnishing and Move In at 1% + $1,500
$6,490 ………… Closing Costs at 1% + $1,500
$4,815 ………… Interest Points
$17,465 ………… Down Payment
============================================
$35,260 ………. Total Cash Costs
$40,200 ………. Emergency Cash Reserves
============================================
$75,460 ………. 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 we couldn't find MLS # S691288 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
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