Storm Lake IA - Rental Properties at a Premium

By
Real Estate Broker with Weaver Realtors B55786000

If you live in Storm Lake, IA and you don't own your home you probably know the kind of shortage we have in rental properties. Our office Weaver Realtors receives between 20 and 25 calls, emails and texts a day from people in need of a rental property. The demand has pushed up the price on rentals and it is very difficult ot get anything for less that $500 a month, and most are between $550 and $650.

What kind of a home could you pay if you paid $550 a month for rent? Well with interest rates below 4.5% and a 30 year fixed mortgage with good credit you could be buying and building net worth on a $75,000 mortgage, figure taxes at $100 a month ($1,200 a year), and insurance at $66.67 ($800 a year) total payment with principle, interest, taxes and insurance is an estimated $546.68 a month.

 

Storm Lake IA does have a number of banks with loan products for people without perfect credit, and less than 20 % down payment.  There are currently 58 homes on the market that fit the above example. Want to learn more, call me Georgia Weaver 712-291-011

8

Posted by

Georgia A. Weaver, CNE, BS Ed., CRS, GRI, AHS
Broker Owner and Iowa Certified General Contractor

Weaver LLC Realtors
"A Promise Made is a Promise Kept"

607 Lake Avenue
Lake Avenue
Storm Lake, IA 50588
Office 712-213-4663 (HOME)
Direct 712-291-0118

www.WeaverRealtors.com

BUY - SELL - BUILD
Visit our Design Center

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Location:
Iowa Buena Vista County Storm Lake
Tags:
storm lake agent
weaver realtors
down payment
mortgage
storm lake homes for sale
storm lake ia
stormlake
for rent
rental
storm lake

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
70,229

Georgia Weaver

A Promise Made is a Promise Kept! Weaver Realtors
Ask me a Storm Lake IA area real estate question.
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Storm Lake Iowa homes for sale, Storm Lake Lake homes for sale, Custom Home Construction, Modular Construction and Real Estate Investing services. Weaver Realtors is located in North West Iowa, Storm Lake IA area. We show and sell all properties listed for sale on the StormLakeMLS.com, for sale by owners, in Storm Lake, Lakeside, ALta, Newell, Schaller, Early, Rembrandt, Aurelia, and we build All American Modular homes in 3 counties - Buena Vista, Cherokee, and Clay County.