TimeInvestment
and Sale
Effective
Income
Operating
Expense
Cash Flow
Before Debt
Debt
Service
Cash Flow
Before Tax
Buy$0$0$0$0$0$0
2012$0$824,380($2,125,919)($1,301,539)$1,040,021($261,518)
2013$0$1,926,060($44,391)$1,881,669($1,167,640)$714,029
2014$0$201,160$0$201,160$0$201,160
Sell$0$0$0$0$0$0
Total$0$2,951,600($2,170,310)$781,290($127,619)$653,671
Rate of Return Before Debt (IRR)38.9%
Rate of Return Before Tax (IRR)87.7%