Cash-on-Cash Return Calculator
Measure your annual pre-tax cash return relative to the actual cash you invested in a rental property.
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Send Me the Deal →Frequently Asked Questions
What is cash-on-cash return?
Cash-on-cash return (CoC) measures the annual pre-tax cash income generated by a property relative to the total cash you invested. It's expressed as a percentage and is one of the most commonly used metrics for evaluating rental property performance.
What counts as "total cash invested"?
Total cash invested includes your down payment, closing costs, any renovation costs paid out of pocket, and any other upfront capital you put into the deal before the property was rented. It does not include financed amounts.
What is a good cash-on-cash return?
Most investors target 8–12% CoC as a baseline for rental properties. However, what's "good" depends on your market, risk tolerance, and investment strategy. In high-appreciation markets, investors sometimes accept lower CoC in exchange for equity growth.
How is cash-on-cash different from cap rate?
Cap rate (capitalization rate) measures a property's NOI relative to its purchase price — it ignores financing. Cash-on-cash measures actual cash flow relative to your invested capital — it includes your mortgage payment. CoC is more useful for leveraged investors; cap rate is more useful for comparing properties regardless of financing.
Educational disclaimer: All calculators on this page are provided for informational and educational purposes only. Results are estimates based on the inputs you provide and standard financial formulas. They do not constitute a loan commitment, pre-approval, or financial advice. Actual loan terms, rates, fees, and eligibility depend on your specific situation, lender guidelines, and market conditions at the time of application. Consult a licensed mortgage professional before making any financial decisions.