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Cash on Cash Return Calculator

See the first-year yield on the cash you actually put in.

Financial Metrics

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Cash on Cash Return
How this number is calculated
Basis
Levered first-year return
Formula
Cash-on-cash return = annual cash flow after debt service / total cash invested
Includes
  • annual cash flow after debt service
  • total cash invested
Excludes
  • paper depreciation
  • appreciation
  • unrealized principal paydown unless included in annual return
Source
Public calculator inputs
Computed
Live from the values currently entered above
How it works
1

Add down payment, closing costs, rehab, and working capital to get total cash in

2

Take annual NOI minus annual debt service to get cash flow

3

Divide cash flow by total cash in

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NOI Calculator

Calculate Net Operating Income from gross rent, vacancy, and operating expenses.

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DSCR Calculator

Check whether a property will qualify for a DSCR rental loan.

Cash on Cash Return

View glossary definition

Frequently asked questions
What is a target cash on cash?
Many investors target 8 to 12 percent as a minimum.