Free tool

Cash-on-cash calculator

The levered yield: annual pre-tax cash flow over the equity you actually put in.

Moraine · Instrument

Cash-on-cash calculator

Annual pre-tax cash flow over equity invested — the levered yield.

Cash-on-cash return

4.46%

Levered pre-tax yield on invested equity

$290,000 annual cash flow ÷ $6,500,000 invested

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Cash-on-cash vs everything else

Cash-on-cash answers one question: what does this year's cash flow pay me on the equity I invested? It ignores appreciation, amortization, and exit — that's what the DCF is for. Read it against the unlevered cap rate to see whether your debt is accretive, and against DSCR to see how much cushion the lender sees. Full comparison in our cash-on-cash guide.

From napkin math to defensible model

The calculator answers one number. Moraine underwrites the whole deal.

Drop in an OM, rent roll, or T-12 and get a source-linked DCF — NOI from the actual documents, not the broker's pro forma.