How about your mother stays in her home, you move in to one of the rooms not being used.
Help her as needed in the house and there is no need for her to leave.
Plus you get extra quality time with and for your mother.
1. A-55%, B-20%, C-25%
2. A-40%, B-20%, C-40%
3. A-65%, B-20, C-15%
4. A-50, B-20%, C-30%
Estimates, mainly as there no mention of property value. The higher the value the less C gets except when owns the land.
It's a good deal subject to building being in an ok-good condition and ok-good rental area with AT LEAST 2 good PMs in the city or better. Estimated CAP = ($6876-$2000*)x12/$597,000=9.8%
*2000 because unfortunately few items like vacancy, repair, maintenance, management insurance etc. are not...
Thanks Sherilynn for the feedback, especially in a long term hold sounds like ceramic tile just makes sense in any area/age as in addition to all the advantages mentioned, it is also expected to cost less per year as lasts much longer(!)
Sincerely, Nir