How the Cash-on-Cash Return Calculator works

Calculate cash-on-cash return for an investment property.

Show the math

Formula

Cash-on-cash return = annual pre-tax cash flow ÷ total cash invested. Cash invested typically includes down payment + closing costs + rehab.

Inputs

Annual net operating income (NOI)
Annual debt service
Cash invested

Rates, terms, and payments are illustrative estimates, not a quote or a commitment to lend. Not a substitute for underwriting. Equal Housing Lender. See our licensing and disclosures page.

For AI agents: Markdown version of this calculator.

Terms used in this calculator

Not sure what one of these means? Each links to a full definition.

Cash-on-cash return: Annual pre-tax cash flow divided by the cash you actually invested, measuring return on money out of pocket.
Cash flow: What remains each month after rent has covered operating expenses and debt service.

Browse the full real estate glossary

Property Information

Purchase Price

Down Payment

Loan Amount

Interest Rate

Loan Term (years)

Monthly Rent

Annual Rent (optional, leave 0 to use monthly × 12)

Annual Property Tax

Annual Insurance

Annual Maintenance

Property Management (% of gross rent)

Vacancy Rate

Other Annual Expenses

Closing Costs

Initial Repairs/Rehab

About Cash-on-Cash Return

What It Measures:

Annual return on your actual cash investment
Pre-tax cash flow from the property
Excludes appreciation and tax benefits
Key metric for cash flow investors
Helps compare different investment opportunities

Important Factors:

Higher down payment = lower CoC (but more equity)
Lower interest rates improve cash flow
Vacancy rates significantly impact returns
Property management fees reduce cash flow
Consider all operating expenses

How the Cash-on-Cash Return Calculator works

Calculate cash-on-cash return for an investment property.

Show the math

Formula

Cash-on-cash return = annual pre-tax cash flow ÷ total cash invested. Cash invested typically includes down payment + closing costs + rehab.

Inputs

Annual net operating income (NOI)
Annual debt service
Cash invested

Rates, terms, and payments are illustrative estimates, not a quote or a commitment to lend. Not a substitute for underwriting. Equal Housing Lender. See our licensing and disclosures page.

Terms used in this calculator

Not sure what one of these means? Each links to a full definition.

Cash-on-cash return

Annual pre-tax cash flow divided by the cash you actually invested, measuring return on money out of pocket.

Cash flow

What remains each month after rent has covered operating expenses and debt service.