What the new rent costs you a year.
A worked example
Starting figures
- Current rent
- $1,750
- Increase
- 5.5%
What it returns
- New rent
- $1,846.25
- Extra per year
- $1,155
- Extra per month
- $96.25
- Over three years at this pace
- $3,659
How to read the results
With the defaults above, new rent works out at $1,846.25.