Rent vs. Buy
SCHomeReporter.com Comparable condo properties, 1600 +/‐ sq feet, 3 bed, 2 bath. Both on the market as of 10‐11‐16.
Purchase scenario: Purchase price: $580,000 Down payment: $29,000 Loan amount: $551,000 Interest rate: 3.625% (3.79% APR) Monthly payment: P&I: $2512.84 Tax: $604 Ins: $60 HOA: $300 MI: $188 PITI: $3,664.84
Presented by Schiedow Group | Your Real Estate Professionals
Rental scenario: Rent payment: $3800 Renter insurance: $50 Deposit: $9600 Total rental expense: $3850
Talega
South East
Pacifica
San Clemente
4 Bedrooms
4 Bedrooms
4 bathrooms
2 bathrooms
3,903 Sq Ft
2,352 Sq Ft
JUST LISTED
Price Improved $1,300,000 $1,250,000
$1,329,000
10 Calle Anacapa
619 E Avenida San Juan Talega
In this comparison, it costs $185 more per month with no interest tax deduction and no appreciation of value. Estimated appreciation is $29,000 per year (5%) and appoximate tax write off amount annualy could be as high as $26,000, (interest portion of payment and property tax)! to confirm these numbers it’s best to consult with your tax advisor.
Central San Clemente
Seaside 4 Bedrooms
4 Bedrooms
2 bathrooms
2 bathrooms
2,448 Sq Ft
2,340 Sq Ft
Price Improved
IN ESCROW
Bottom Line Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment! start getting income tax deductions which subsidizes your home payment! Best of all gaining equity and not having any payment in retirement!
Rescom Financial Services Pete LoPres& 260 Newport Center Drive Newport Beach, Ca. 92660 MBL: 949-235-1995 Pete@rescomfs.com www.rescomfs.com
No MI programs 5% down (higher rate)
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Down payment assistance programs
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FHA, first -96.5%, second is 3% , down payment .5%.
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Home renovations loans with FHA
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Conventional loans up to $625,500 with .5% down.
27 Calle Guijarro
1003 Avenida Presidio
Many programs available to help you become homeowners! ♦
$849,000
$998,000
Talega
Coming Soon!
Santalana
Shorecliffs
3 Bedrooms
San Clemente
2.5 bathrooms
Land
1,952 Sq Ft
Approx. 6,500 Sq Ft Flat Lot
$769,900
36 Paseo Verde
249 Via Ballena
Local Postal Customer
LEASING, BUYING OR SELLING | SCHIEDOW GROUP | 949-929-1339
©2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residen&al Brokerage office is owned by a subsidiary of NRT LLC.Coldwell Banker® and the Coldwell Banker Logo, Coldwell Banker Previews Interna onal® and the Coldwell Banker Previews Interna onal Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. Broker does not guarantee the accuracy of square footage, lot size or other informa&on concerning the condi&on or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that informa&on through personal inspec&on and with appropriate professionals. If your property is currently listed for sale, this is not intended as a solicita&on. Sales may not represent all brokers. Based on informa&on from the Associa&on of REALTORS®/Mul&ple Lis&ng as of September 2015 Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the informa&on contained herein may or may not have been the Lis&ng and/or Selling Agent.