Analyze investment property returns: cap rate, cash-on-cash return, NOI, gross yield, and full cash flow projection. The essential tool for real estate investors.
Property Details
🏠 Purchase
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%
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💵 Income
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%
💸 Expenses (annual)
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$
$
%
Cash-on-Cash Return
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Cap Rate
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Monthly Cash Flow
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Annual NOI
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Cap Rate
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Gross Yield
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Total Investment (down + closing)
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Gross Rental Income
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Vacancy Loss
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Effective Rent
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Annual Expenses (excl. mortgage)
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NOI (Net Operating Income)
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Annual Mortgage Payment
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Annual Cash Flow
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Cash-on-Cash Return
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Cap Rate
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FAQ
What is cap rate?
Capitalization Rate = NOI / Property Price × 100. A 6% cap rate means the property generates annual NOI equal to 6% of its value (before financing). Higher cap rate = higher return but often higher risk.
What is cash-on-cash return?
Cash-on-Cash = Annual Cash Flow / Total Cash Invested × 100. It measures return on your actual out-of-pocket investment (down payment + closing costs). The most important metric for leveraged real estate.
What is NOI?
Net Operating Income = Gross Rent − Vacancy Loss − Operating Expenses. It excludes mortgage payments and shows how much the property earns from operations alone.
What is a good rental property return?
Cash-on-cash of 5-10% is generally considered good. Cap rates vary by market: 3-5% in expensive cities, 6-10% in secondary markets. Always compare to your cost of capital and alternative investments.