Cash-on-Cash Return Calculator

• California — $2800/mo, 5% vac, 0.74% tax
• Florida — $2000/mo, 8% vac, 0.80% tax
• Hawaii — $2500/mo, 6% vac, 0.27% tax
• Washington — $2000/mo, 6% vac, 0.88% tax

California rental snapshot

California cash on cash by home price

California cash on cash by monthly rent

California example: rent $2800, vacancy 5%, tax 0.74%. With $69000 cash in, monthly cash flow $775 is a cash on cash return of 13.48%.

• Arizona — $1700/mo, 8% vac, 0.55% tax
• Florida — $2000/mo, 8% vac, 0.80% tax
• Georgia — $1600/mo, 8% vac, 0.83% tax
• Nevada — $1600/mo, 7% vac, 0.53% tax
• North Carolina — $1500/mo, 8% vac, 0.75% tax
• South Carolina — $1400/mo, 9% vac, 0.52% tax
• Tennessee — $1400/mo, 8% vac, 0.64% tax
• Texas — $1700/mo, 8% vac, 1.60% tax

Arizona rental snapshot

Arizona cash on cash by home price

Arizona cash on cash by monthly rent

Arizona example: rent $1700, vacancy 8%, tax 0.55%. With $69000 cash in, monthly cash flow $-273 is a cash on cash return of -4.76%.

• Illinois — $1600/mo, 8% vac, 1.97% tax
• Indiana — $1200/mo, 8% vac, 0.85% tax
• Iowa — $1100/mo, 7% vac, 1.43% tax
• Kansas — $1100/mo, 8% vac, 1.29% tax
• Michigan — $1400/mo, 8% vac, 1.40% tax
• Minnesota — $1500/mo, 6% vac, 1.05% tax
• Missouri — $1200/mo, 8% vac, 0.88% tax
• Nebraska — $1200/mo, 7% vac, 1.54% tax
• Ohio — $1300/mo, 8% vac, 1.41% tax
• Wisconsin — $1300/mo, 7% vac, 1.68% tax

Illinois rental snapshot

Illinois cash on cash by home price

Illinois cash on cash by monthly rent

Illinois example: rent $1600, vacancy 8%, tax 1.97%. With $69000 cash in, monthly cash flow $-720 is a cash on cash return of -12.53%.

• Connecticut — $1800/mo, 6% vac, 1.96% tax
• Illinois — $1600/mo, 8% vac, 1.97% tax
• Iowa — $1100/mo, 7% vac, 1.43% tax
• Michigan — $1400/mo, 8% vac, 1.40% tax
• Nebraska — $1200/mo, 7% vac, 1.54% tax
• New Hampshire — $1700/mo, 5% vac, 1.86% tax
• New Jersey — $2000/mo, 6% vac, 2.13% tax
• New York — $2200/mo, 6% vac, 1.38% tax
• Ohio — $1300/mo, 8% vac, 1.41% tax
• Pennsylvania — $1500/mo, 7% vac, 1.36% tax
• Rhode Island — $1800/mo, 6% vac, 1.35% tax
• Texas — $1700/mo, 8% vac, 1.60% tax
• Vermont — $1500/mo, 6% vac, 1.59% tax
• Wisconsin — $1300/mo, 7% vac, 1.68% tax

Connecticut rental snapshot

Connecticut cash on cash by home price

Connecticut cash on cash by monthly rent

Connecticut example: rent $1800, vacancy 6%, tax 1.96%. With $69000 cash in, monthly cash flow $-498 is a cash on cash return of -8.66%.

Capital a Alabama landlord must leave idle

That deposit is never yours. You hold it, you hand it back within 35 days of move-out, and until then it sits outside the return being measured. Ten doors at the typical local rent of $1300 locks up $13000 you may not deploy anywhere else.

This ratio divides by money you genuinely wrote a cheque for, so every dollar the county recorder, the settlement table or the deposit ledger freezes drags the denominator upward.

What leverage in Alabama does to the money you put in

This ratio is odd because it rewards borrowing: the smaller the cheque, the larger the percentage on the same building. Down payment plus settlement costs form the denominator, while in Alabama a recurring 0.40% tax bill keeps eating the numerator long after closing day. The nearest neighbour on tax weight is Delaware at 0.43%, so between those two the tax line will not separate them and rent will.

Settlement and recording desks you will meet in Alabama

• Gadsden charges its own recording and transfer costs at settlement — cash in, straight into the denominator.
• Florence has title work priced locally, so quote it before you assume the standard three percent holds.
• Hoover expects prorated tax at closing, which quietly enlarges the cheque you actually write.
• Prattville may add municipal fees on transfer; confirm them with the settlement agent, not the listing sheet.

Down payment and settlement assumptions here are illustrative. Ask the Jefferson County recorder and your title agent for a real figure before relying on the percentage.

Capital a Alaska landlord must leave idle

That deposit is never yours. You hold it, you hand it back within 14 days of move-out, and until then it sits outside the return being measured. Ten doors at the typical local rent of $1500 locks up $15000 you may not deploy anywhere else.

This ratio divides by money you genuinely wrote a cheque for, so every dollar the borough recorder, the settlement table or the deposit ledger freezes drags the denominator upward.

What leverage in Alaska does to the money you put in

This ratio is odd because it rewards borrowing: the smaller the cheque, the larger the percentage on the same building. Down payment plus settlement costs form the denominator, while in Alaska a recurring 1.18% tax bill keeps eating the numerator long after closing day. The nearest neighbour on tax weight is South Dakota at 1.14%, so between those two the tax line will not separate them and rent will.

Settlement and recording desks you will meet in Alaska

• Bethel charges its own recording and transfer costs at settlement — cash in, straight into the denominator.
• Soldotna has title work priced locally, so quote it before you assume the standard three percent holds.
• Homer expects prorated tax at closing, which quietly enlarges the cheque you actually write.
• Kenai may add municipal fees on transfer; confirm them with the settlement agent, not the listing sheet.

Down payment and settlement assumptions here are illustrative. Ask the Matanuska-Susitna Borough recorder and your title agent for a real figure before relying on the percentage.

Capital a Arizona landlord must leave idle

That deposit is never yours. You hold it, you hand it back within 14 days of move-out, and until then it sits outside the return being measured. Ten doors at the typical local rent of $1700 locks up $17000 you may not deploy anywhere else.

This ratio divides by money you genuinely wrote a cheque for, so every dollar the county recorder, the settlement table or the deposit ledger freezes drags the denominator upward.

What leverage in Arizona does to the money you put in

This ratio is odd because it rewards borrowing: the smaller the cheque, the larger the percentage on the same building. Down payment plus settlement costs form the denominator, while in Arizona a recurring 0.55% tax bill keeps eating the numerator long after closing day. The nearest neighbour on tax weight is Idaho at 0.55%, so between those two the tax line will not separate them and rent will.

Settlement and recording desks you will meet in Arizona

• Prescott charges its own recording and transfer costs at settlement — cash in, straight into the denominator.
• Flagstaff has title work priced locally, so quote it before you assume the standard three percent holds.
• Goodyear expects prorated tax at closing, which quietly enlarges the cheque you actually write.
• Buckeye may add municipal fees on transfer; confirm them with the settlement agent, not the listing sheet.

Down payment and settlement assumptions here are illustrative. Ask the Maricopa County recorder and your title agent for a real figure before relying on the percentage.

Capital a Arkansas landlord must leave idle

That deposit is never yours. You hold it, you hand it back within 30 days of move-out, and until then it sits outside the return being measured. Ten doors at the typical local rent of $1100 locks up $11000 you may not deploy anywhere else.

This ratio divides by money you genuinely wrote a cheque for, so every dollar the county recorder, the settlement table or the deposit ledger freezes drags the denominator upward.

What leverage in Arkansas does to the money you put in

This ratio is odd because it rewards borrowing: the smaller the cheque, the larger the percentage on the same building. Down payment plus settlement costs form the denominator, while in Arkansas a recurring 0.62% tax bill keeps eating the numerator long after closing day. The nearest neighbour on tax weight is Tennessee at 0.64%, so between those two the tax line will not separate them and rent will.

Settlement and recording desks you will meet in Arkansas

• Searcy charges its own recording and transfer costs at settlement — cash in, straight into the denominator.
• Texarkana has title work priced locally, so quote it before you assume the standard three percent holds.
• Bryant expects prorated tax at closing, which quietly enlarges the cheque you actually write.
• Cabot may add municipal fees on transfer; confirm them with the settlement agent, not the listing sheet.

Down payment and settlement assumptions here are illustrative. Ask the Pulaski County recorder and your title agent for a real figure before relying on the percentage.

Capital a California landlord must leave idle

That deposit is never yours. You hold it, you hand it back within 21 days of move-out, and until then it sits outside the return being measured. Ten doors at the typical local rent of $2800 locks up $28000 you may not deploy anywhere else.

This ratio divides by money you genuinely wrote a cheque for, so every dollar the county recorder, the settlement table or the deposit ledger freezes drags the denominator upward.

What leverage in California does to the money you put in

This ratio is odd because it rewards borrowing: the smaller the cheque, the larger the percentage on the same building. Down payment plus settlement costs form the denominator, while in California a recurring 0.74% tax bill keeps eating the numerator long after closing day. The nearest neighbour on tax weight is Virginia at 0.74%, so between those two the tax line will not separate them and rent will.

Settlement and recording desks you will meet in California

• Riverside charges its own recording and transfer costs at settlement — cash in, straight into the denominator.
• Santa Ana has title work priced locally, so quote it before you assume the standard three percent holds.
• Anaheim expects prorated tax at closing, which quietly enlarges the cheque you actually write.
• Long Beach may add municipal fees on transfer; confirm them with the settlement agent, not the listing sheet.

Down payment and settlement assumptions here are illustrative. Ask the Los Angeles County recorder and your title agent for a real figure before relying on the percentage.

Capital a Colorado landlord must leave idle

That deposit is never yours. You hold it, you hand it back within 30 days of move-out, and until then it sits outside the return being measured. Ten doors at the typical local rent of $1900 locks up $19000 you may not deploy anywhere else.

This ratio divides by money you genuinely wrote a cheque for, so every dollar the county recorder, the settlement table or the deposit ledger freezes drags the denominator upward.

What leverage in Colorado does to the money you put in

This ratio is odd because it rewards borrowing: the smaller the cheque, the larger the percentage on the same building. Down payment plus settlement costs form the denominator, while in Colorado a recurring 0.49% tax bill keeps eating the numerator long after closing day. The nearest neighbour on tax weight is Louisiana at 0.51%, so between those two the tax line will not separate them and rent will.

Settlement and recording desks you will meet in Colorado

• Centennial charges its own recording and transfer costs at settlement — cash in, straight into the denominator.
• Broomfield has title work priced locally, so quote it before you assume the standard three percent holds.
• Thornton expects prorated tax at closing, which quietly enlarges the cheque you actually write.
• Greeley may add municipal fees on transfer; confirm them with the settlement agent, not the listing sheet.

Down payment and settlement assumptions here are illustrative. Ask the Jefferson County recorder and your title agent for a real figure before relying on the percentage.