Cash on Cash Return Calculator
Annual cash flow ÷ cash in. Click any i for detail.
Investment
Cash invested ($)
i
Cash
Down payment plus closing costs you actually wrote a check for — not the purchase price. |
|
|---|---|
Annual pre-tax cash flow ($)
i
CF
NOI minus debt service (and other cash costs you want in the yield). Not depreciation. |
How to use this calculator
- Enter cash you put in.
- Enter annual cash flow after debt service.
- Read the percent.
- Cap rate uses NOI and price, unlevered.
Results explained
CoC = annual cash flow / cash invested. It is a one-year snapshot, not an IRR.
Quick reference: CoC vs cap
$7,200 on $80,000 in is 9%.
| Item | Detail |
|---|---|
| $7,200 / $80,000 | 9% |
| Cap rate | NOI ÷ price |
| IRR | Time-shaped cash flows |
| DSCR | NOI vs PITIA |
Year-1 CoC can look better or worse than later years when debt amortizes.
How the estimate is built
CoC = annual CF / cash invested.
Example scenario
$7,200 cash flow on $80,000 in → 9.00%.
FAQ
Include closing costs?
Yes in cash invested if you paid them.
Principal paydown?
Not cash in your pocket this year — omit unless you want a modified yield.
Vacancy?
Fold it into the annual cash flow first.