I am pursuing a relocation, and want to either sell my houses, or
trade them for a nice townhouse/home for family (elderly lady and her granddaughter) in Montgomery.

Below are details on what I have and the profitability, 56% return on equity.

I will love to discuss your proposal. 

Here is an opportunity to trade your house in center/east Montgomery for a reliable stream of income from really good tenants.


Thanks for your attention,


Jon Gresham
Tel: 334-300-2109

P.S.:  I love to pay commissions to Realtors & Brokers!
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For Sale or Trade

1. House with mortgage, 36116. Appraised @ $82,000. Principal balance: $53,000. Rent: $750/month.
2. House owned clear, 36107. (Capitol Hts).  Appraised @ $85,000. Rent: $800/month.
3. House owned clear, 36105. Comps @ $54,000.  Rent: $550/month.
Market Value Total: $221,000.   Market slump actually increased demand for nice houses as rent-to-own. 
I had 550 phone calls for the last home I advertised as rent-to-own. 

Gross rental income: $25,200/year (actual),   $2,100/month.   Rents are going up each year.
Depreciation (Straight Line): $8,724.

Expenses
(Houses were rent-to-own; tenants pay all repairs and maintenance; lease-options will be expired in a few months).
Taxes: $1,105/year.
Landlord Insurance: $1,592/year.
Home Warranties: $1,114/year.
Total Expenses:  $3,811.

Return on equity 2008-9 (including tax benefits):  +/- 56%
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Give me a call or email if you want to discuss this opportunity,

Jon

Priority house to sell:  36116.
Mortgage balance: $53,000.  Payments: $6,186/year.  Rent: $750/month.
(very high, I know, for $53k owed, but I could not refinance because I was "self-employed").