Cap rate, cash-on-cash return, gross yield, and monthly cash flow for a rental property — computed instantly. Most "free" versions of this tool are lead magnets for a property management SaaS or ask for your email before showing results; this one doesn't, because it isn't trying to sell you anything else.
Cap rate and NOI are calculated the standard way: independent of financing (no mortgage payment included) — that's what makes cap rate comparable across an all-cash vs. financed purchase. Cash flow and cash-on-cash return DO include the mortgage payment, since that's real money leaving your pocket each month.
NOI and cap rate deliberately exclude the mortgage payment — that's the standard real-estate convention, since cap rate is meant to measure a property's return independent of how it's financed, keeping an all-cash purchase and a financed one comparable on the same basis. Cash-on-cash return and monthly cash flow, by contrast, do subtract the mortgage payment, since that's money actually leaving your pocket every month.
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