Cash-on-Cash Return Calculator
Calculate the annual return on actual cash invested in a rental property, factoring in down payment, closing costs, rehab, income, and expenses.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Cash-on-Cash Return
6.56%
How to Use This Calculator
- Enter Purchase Price and Down Payment % to calculate total initial cash invested.
- Add Closing Costs % and any Rehab Costs to get a full picture of your out-of-pocket investment.
- Enter Monthly Rent and Vacancy Rate % for effective gross income.
- Input Monthly Mortgage, Property Taxes, Insurance, Maintenance, and Management fees.
- Read Cash-on-Cash Return — the annual net cash flow divided by total cash invested — as your primary performance metric.
How the result changes with Monthly Rent ($)
| Monthly Rent ($) | Cash-on-Cash Return |
|---|---|
| 10,000 | 168.21% |
| 35,000 | 661.07% |
| 65,000 | 1,252.5% |
| 90,000 | 1,745.36% |
What each input means
- Purchase Price ($)
- Total property purchase price.
- Down Payment (%)
- Percentage of purchase price paid in cash.
- Closing Costs (%)
- Closing costs as % of purchase price.
- Rehab / Repair Costs ($)
- Initial renovation or repair costs paid out of pocket.
- Monthly Rent ($)
- Gross monthly rental income.
- Vacancy Rate (%)
- Expected percentage of time the property is vacant.
- Monthly Mortgage P&I ($)
- Monthly principal and interest payment.
- Monthly Property Taxes ($)
- Monthly property tax amount.
- Monthly Insurance ($)
- Monthly insurance premium.
- Monthly Maintenance ($)
- Monthly maintenance and repair reserves.
- Monthly Property Mgmt ($)
- Monthly property management fees (0 if self-managed).
What each result means
- Cash-on-Cash Return
- Annual cash flow divided by total cash invested.
- Total Cash Invested
- Down payment + closing costs + rehab.
- Annual Cash Flow
- Net income after all expenses and mortgage.
- Monthly Cash Flow
- Net monthly income after all expenses.
- Effective Gross Income
- Annual rent minus vacancy losses.
- Annual NOI
- Net operating income before debt service.
- Annual Operating Expenses
- Taxes, insurance, maintenance, and management.
- Annual Mortgage Payments
- Total annual principal and interest.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersPurchase Price ($) = 200000, Down Payment (%) = 25, Closing Costs (%) = 3, Rehab / Repair Costs ($) = 0 = 11 input(s) provided
- Calculate Cash-on-Cash ReturnCash-on-Cash Return = totalCashInvested > 06.56 = 6.56%
- Calculate Total Cash InvestedTotal Cash Invested = downPayment + closingCosts + rehabCosts56000 = $56,000
- Calculate Annual Cash FlowAnnual Cash Flow = annualNOI - annualMortgage3672 = $3,672
Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.
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