Glossary · Letting and yield
Cash-on-cash return
The running surplus after tax of one year divided by the equity put in.
It shows the pure cash return on your capital, without appreciation and without repayment. It can be negative if the property costs more money than it brings in at first. A negative cash-on-cash return does not automatically mean a loss, since repayment and appreciation are left out of it.
Where it appears in the report
Cash-on-cash return appears in the report in the Yield chapter, next to return on equity. Look at the sample report →
Common questions about it
Why can cash-on-cash return be negative?
Because it only shows the cash surplus. Repayment and appreciation deliberately do not count here.
Related terms in the glossary
Last updated: 2026-09-07