Buy vs lease a home l.jpg
1 / 5

Buy vs. Lease a Home.


43 views
Uploaded on:
Category: Animals / Pets
Description
Buy vs. Lease a Home. EGR 403, Summer 2004, Team 10. Jeffrey Scheinost – Organizer Stephen Casey – “Techie” Omabamid Odubela – Summarizer Mohammad Fazil – “Techie”. Introduction. Buying vs. Leasing a home Analysis Considerations Buyer/Leaser- combined household income $90,000
Transcripts
Slide 1

Purchase versus Lease a Home EGR 403, Summer 2004, Team 10 Jeffrey Scheinost – Organizer Stephen Casey – "Geek" Omabamid Odubela – Summarizer Mohammad Fazil – "Nerd"

Slide 2

Introduction Buying versus Renting a home Analysis Considerations Buyer/Leaser-joined family unit wage $90,000 Invests 10% yearly Assume charges are steady 25% Can have cash for initial installment

Slide 3

Scenario 1-Buy Condominium in Glendale Priced at $370,000 1245 s.f., 3 room, 2.5 shower Puts 20% down Fixed Mortgage 5.6% A.P.R. Bank: American Home Loans 30 Year Loan Maintenance costs - $100/month Cash Flow Analysis

Slide 4

Scenario 2-Buy Condominium in Glendale Priced at $370,000 1245 s.f., 3 room, 2.5 shower 100% Financed w/Private Mortgage Insurance Fixed Mortgage 5.6% A.P.R. Moneylender: American Home Loans 30 Year Loan 30 year advance Maintenance costs - $100/month Cash Flow Analysis

Slide 5

Scenario 3 - Lease Apartment situated in Glendale CA 1235 s.f. 2 room, 2.5 shower Rental cost of $2,499 every month ($1000 Security Deposit) Annual rent increment of 6% No Maintenance costs included Cash Flow Analysis