Interactive Tool

Cash Yield Calculator

Model the initial cash-on-cash return for a US commercial real estate acquisition, factoring in standard financing costs.

Unlevered Yield (Cap Rate)
Equity Required
Annual Debt Service (Interest Only)
Levered Cash-on-Cash Return

Model Assumptions

  • NOI: Assumes net operating income is truly net (after property taxes, insurance, maintenance, and management fees).
  • Debt Structure: Calculates using Interest-Only (IO) payments, typical for initial hold periods in commercial acquisitions. Does not account for principal amortization.
  • CapEx: Does not factor in initial capital expenditures or deferred maintenance costs.
  • Taxes: Pre-tax yields. Does not account for US corporate tax or FIRPTA withholding upon exit. See Tax Structuring.