Return metrics

Cap rate & cash-on-cash calculator

Compare the property's operating yield with the return on the cash you actually invest.

Property price

Monthly gross rent

Monthly operating expenses (before debt)

Total cash invested

Monthly cash flow after debt

Enter your figures and calculate.

Cap rate vs. cash-on-cash

Cap rate compares annual NOI with property value or purchase price and ignores financing. Cash-on-cash compares annual pre-tax cash flow with the cash invested, so leverage changes it. Neither metric captures every risk or future return.