Free Tool

Cash-on-Cash Return Calculator

Calculate cash-on-cash returns for commercial real estate deals with or without leverage. See how debt structure impacts investor yield.

Inputs

Annual Pre-Tax Cash Flow

Equity Invested

Cash-on-Cash Return

—

Enter cash flow and equity to calculate

Your first IC memo is free.

Crematic generates IC-ready memos with market data, comps, and underwriting in under an hour. Try one at no cost.

Try Free

Keep exploring

Guide

Cash-on-Cash Calculator for CRE: A Practical Guide

How to calculate simple and levered cash-on-cash returns, pair them with DSCR, and interpret results by strategy.

Research

Sensitivity Analysis Frameworks for CRE Deals

How to stress-test returns across leverage, cap rate, and rent growth scenarios.

Tool

Cap Rate Calculator

Calculate going-in and stabilized cap rates. Compare to market context and run sensitivity analysis.

Frequently asked questions

Cash-on-cash return definitions, formulas, and interpretation

Cash-on-cash return measures the annual pre-tax cash flow received by an investor relative to the total equity invested. Unlike cap rate, which reflects unlevered yield, cash-on-cash accounts for financing. If you invest $500,000 in equity and receive $35,000 in annual cash flow after debt service, your cash-on-cash return is 7.0%.