Home Finance & Wealth Cash on Cash Calculator

Cash-on-Cash Real Estate Analyzer

Underwrite deals, stress-test scenarios, and project 10-year wealth creation.

ACQUISITION
$
$
$
$
FINANCING
$
INCOME
Total Cash Required
$66,000
Down: $60K + Closing: $6K + Rehab: $0
OPERATIONS
FIXED EXPENSES
RESERVE EXPENSES
%
%
%
%
Gross Rent/mo --
Operating Expenses --
NOI/yr --
P&I Mortgage/mo --
Monthly Cash Flow --
PROJECTION SETTINGS
MAX OFFER STRATEGY
🎯 Solve For Maximum Offer Price
%
Max Offer Price --
RESULTS
1% -- 50% -- DSCR --
Cash on Cash
--
Cap Rate
--
DSCR
--
Gross Yield
--
Annual Cash Flow
--
Cash Invested
--
Rent: -- Exp: -- P&I: -- = CF: --
Cash Flow
--
Principal
--
Appreciation
--
💰 Tax Shield (Depreciation)
Depreciable Basis (80%) --
Annual Depreciation / 27.5 yrs --
Est. Tax Benefit (24% bracket) --
💡 Enter your property details above to see personalized investment insights.

All scenarios use your Deal Analyzer inputs as the Base Case. Adjust sliders to model Bear and Bull cases.

🐻 Bear Case
-10%
+15%
1.0%
CoC Return--
Cash Flow/mo--
Cap Rate--
DSCR--
Total ROI (yr 1)--
📊 Base Case
Your current Deal Analyzer inputs
CoC Return--
Cash Flow/mo--
Cap Rate--
DSCR--
Total ROI (yr 1)--
🐂 Bull Case
+10%
-5%
5.0%
CoC Return--
Cash Flow/mo--
Cap Rate--
DSCR--
Total ROI (yr 1)--
SENSITIVITY MATRIX — CoC Return %

Rows = rent variation · Columns = purchase price variation from your current inputs. Green >8% · Yellow 5–8% · Red <5%

NOI WATERFALL
BREAK-EVEN ANALYSIS
Break-Even Vacancy
--
Vacancy % that drives monthly cash flow to zero
Break-Even Rent
--
Min rent needed for positive cash flow
Break-Even Price
--
Max purchase price for 8% CoC target
10-YEAR WEALTH PROJECTION
10-Yr Cash Flow
--
10-Yr Equity Gain
--
10-Yr Appreciation
--
Total Wealth Built
--
YEAR-BY-YEAR SCHEDULE
Year Rent/mo Expenses/mo Cash Flow/mo Property Value Loan Balance Equity Cumul. Cash Flow Total Wealth
BRRRR ANALYSIS

Model a cash-out refinance after rehab to recover your initial capital.

$
New Loan (ARV × LTV) --
Cash-Out Amount --
Cash Left in Deal --
New P&I/mo --
Post-Refi CoC --
Capital Recovered: --
HOLD vs. SELL ANALYSIS

Compare holding vs. selling and reinvesting proceeds in the S&P 500 (7% avg annual return).

🏠 Hold Property
Cumul. Cash Flow--
Equity Gain--
Appreciation--
Total Return--
VS
📈 S&P 500 (7%/yr)
Initial Investment--
Growth--
Total Value--

How to Use This Calculator

1

Enter Investment Details

Input purchase price, down payment, closing costs, and any renovation budget.

2

Add Income and Expenses

Enter monthly rent, vacancy rate, and all operating expenses.

3

Review Cash Returns

See your cash-on-cash return, monthly cash flow, and investment performance metrics.

Formula & Methodology

Cash-on-Cash Return

CoC = (Annual Pre-Tax Cash Flow / Total Cash Invested) x 100%

Measures the annual return on actual dollars invested. A CoC above 8-10% is generally considered strong.

Annual Cash Flow

Cash Flow = NOI - Annual Debt Service

Net Operating Income minus all mortgage payments (principal + interest) for the year.

Key Terms

Cash-on-Cash Return
The ratio of annual pre-tax cash flow to total cash invested. The most relevant return metric for leveraged real estate investments.
Total Cash Invested
Down payment plus closing costs plus any renovation expenses — your total out-of-pocket investment.
Debt Service
Total annual mortgage payments including principal and interest. Does not include taxes or insurance.
Equity Build
The portion of each mortgage payment that reduces the loan balance, building your ownership stake in the property.

Real-World Examples

Example 1

Strong Cash-on-Cash

Invested: $75,000 (down + closing), Annual cash flow: $7,200

Result: Cash-on-cash return = 9.6%. Each dollar invested generates nearly 10 cents per year in cash flow.

Example 2

BRRRR Strategy

Invested: $50,000, After refinance recover $35,000, Annual cash flow: $4,800, Remaining invested: $15,000

Result: Effective CoC = 32%. The BRRRR strategy dramatically improves returns by recycling capital.

Understanding Cash-on-Cash Returns in Real Estate

Why CoC Beats Cap Rate for Investors

Cap rate ignores financing, but most investors use leverage. Cash-on-cash return shows what your actual dollars earn. A 5% cap rate property can deliver 12%+ CoC return with favorable financing.

What Is a Good Cash-on-Cash Return?

Most investors target 8-12% CoC. In high-cost markets, 5-7% may be acceptable with strong appreciation potential. In cash-flow markets, 10-15% is achievable. Always compare CoC to alternative investments like index funds.

Improving Your Cash-on-Cash Return

Increase rent, reduce expenses, negotiate a lower purchase price, or put less money down. The BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) maximizes CoC by recovering invested capital through refinancing.