{"id":23562,"date":"2025-07-23T09:15:41","date_gmt":"2025-07-23T08:15:41","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=23562"},"modified":"2025-07-31T10:43:38","modified_gmt":"2025-07-31T09:43:38","slug":"cash-on-cash-return","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/cash-on-cash-return\/","title":{"rendered":"What is cash on cash return?"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/category\/strategy-legal-operations\/\" class=\"entry-header__link\">Strategy, Legal &amp; Operations<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tWhat is cash on cash return?\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2025-07-23T09:15:41+01:00\">23 July, 2025<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"What is cash on cash return?\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-gb\/blog\/cash-on-cash-return\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-gb\/blog\/author\/ryangrundy\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/06\/Ryan-Grundy.jpg\" class=\"entry-author__image\" alt=\"Ryan Grundy\" \/>\t\t\t\t<span class=\"entry-author__name\">Ryan Grundy<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n\n<p>If you&#8217;re a landlord (or an accountant with landlord clients), you&#8217;ll most likely already be familiar with terms like ROI, cap rate, and cash flow. But if the business deals with property investment, there&#8217;s another key metric you should understand\u2014cash on cash return.<\/p>\n\n\n\n<p>This simple yet powerful calculation is important to master, whether you\u2019re dealing with real estate investments on behalf of clients or looking to invest as a business.<\/p>\n\n\n\n<p>It helps you measure how efficiently your (or your clients\u2019) money is working for you, particularly in rental property deals.<\/p>\n\n\n\n<p>In this guide we\u2019ll break down what cash on cash return is, how to calculate it, and how it can help you make smarter property investment decisions.<\/p>\n\n\n\n<p>Here&#8217;s what we cover:<\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-cash-on-cash-return-and-how-is-it-calculated\" data-level=\"2\">What is cash on cash return and how is it calculated?<\/a><\/li><li><a href=\"#h-cash-on-cash-return-vs-return-on-investment-roi\" data-level=\"2\">Cash on cash return vs. return on investment (ROI)<\/a><\/li><li><a href=\"#h-how-to-calculate-cash-on-cash-return\" data-level=\"2\">How to calculate cash on cash return<\/a><\/li><li><a href=\"#h-what-is-a-good-cash-on-cash-return\" data-level=\"2\">What is a good cash on cash return?<\/a><\/li><li><a href=\"#h-cash-on-cash-return-versus-other-metrics\" data-level=\"2\">Cash on cash return versus other metrics<\/a><\/li><li><a href=\"#h-when-to-use-cash-on-cash-return\" data-level=\"2\">When to use cash on cash return<\/a><\/li><li><a href=\"#h-what-does-cash-basis-mean-on-a-tax-return\" data-level=\"2\">What does cash basis mean on a tax return?<\/a><\/li><li><a href=\"#h-common-cash-on-cash-return-mistakes-to-avoid\" data-level=\"2\">Common cash on cash return mistakes to avoid<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final thoughts<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-cash-on-cash-return-and-how-is-it-calculated\">What is cash on cash return and how is it calculated?<\/h2>\n\n\n\n<p>Cash on cash return is a financial metric used to measure the annual return you earn on the actual cash you&#8217;ve invested into a property.<\/p>\n\n\n\n<p>It\u2019s a key performance metric for assessing how efficiently your capital is working\u2014especially when the purchase is financed with a loan.<\/p>\n\n\n\n<p>It\u2019s particularly useful in real estate because it only focuses on the money you physically put into a deal and not the total property value or the full loan amount.<\/p>\n\n\n\n<p>In simple terms, cash on cash return looks at your pre-tax cash income from a property relative to your total cash investment.<\/p>\n\n\n\n<p>Think of it as a &#8220;real world&#8221; return. It tells you how much actual income you\u2019re getting from the property right now, based on what you\u2019ve spent.<\/p>\n\n\n\n<p>That means it excludes things like equity growth from property appreciation or loan repayments. It&#8217;s all about actual pounds in your pocket from rental income.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cash-on-cash-return-vs-return-on-investment-roi\">Cash on cash return vs. return on investment (ROI)<\/h2>\n\n\n\n<p>While they might sound similar, cash on cash return and ROI are different in how they measure success:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ROI looks at total return over the life of an investment, including appreciation, loan repayments, and resale profits.<\/li>\n\n\n\n<li>Cash on cash return focuses solely on annual cash income relative to the cash you\u2019ve put in.<\/li>\n<\/ul>\n\n\n\n<p>Think of cash on cash as a &#8220;real world&#8221; return. It tells you how much actual income you\u2019re getting from the property right now, based on what you\u2019ve spent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-calculate-cash-on-cash-return\">How to calculate cash on cash return<\/h2>\n\n\n\n<p>The cash on cash return formula is simple:<\/p>\n\n\n\n<p><code>(Annual pre-tax cash flow \u00f7 Total cash invested) x 100<\/code><\/p>\n\n\n\n<p>Here\u2019s a breakdown of each part:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-annual-pre-tax-cash-flow\">Annual pre-tax cash flow<\/h3>\n\n\n\n<p>This is the net annual rental income before tax, minus operating costs and finance charges, which could include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Insurance.<\/li>\n\n\n\n<li>Maintenance.<\/li>\n\n\n\n<li>Service charges.<\/li>\n\n\n\n<li>Business rates (where paid by the landlord, such as during vacant periods or where contractually agreed).<\/li>\n\n\n\n<li>Property management fees.<\/li>\n\n\n\n<li>Loan interest (if applicable).<\/li>\n\n\n\n<li>Vacancy allowance.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-total-cash-invested\">Total cash invested<\/h3>\n\n\n\n<p>This is your upfront capital outlay\u2014everything you paid to acquire and set up the investment, which could include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Deposit (e.g. 30\u201340% for commercial finance).<\/li>\n\n\n\n<li>Stamp Duty Land Tax (SDLT), or Land and Buildings Transaction Tax in Scotland\/Land Transaction Tax in Wales.<\/li>\n\n\n\n<li>Legal and professional fees (surveys, solicitors, valuation).<\/li>\n\n\n\n<li>Refurbishment or fit-out costs.<\/li>\n\n\n\n<li>Broker or sourcing fees.<\/li>\n\n\n\n<li>VAT (if irrecoverable, or until reclaimed, noting that it can only reclaimed if the property\/business is VAT-registered and opted to tax; otherwise, VAT paid becomes a permanent cost and should be clearly categorised as such).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-key-considerations-for-uk-commercial-investors\">Key considerations for UK commercial investors<\/h3>\n\n\n\n<p>Here are some important factors to consider and plan for when looking at your cash on cash return formula and calculation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lease type matters<\/strong>: a Full Repairing and Insuring (FRI) lease reduces landlord costs and improves cash flow.<\/li>\n\n\n\n<li><strong>VAT<\/strong>: if the property is opted to tax, VAT may apply on purchase and rent\u2014factor this in.<\/li>\n\n\n\n<li><strong>Void periods<\/strong>: commercial leases often have longer voids between tenants, so include realistic assumptions.<\/li>\n\n\n\n<li><strong>Tax treatment<\/strong>: consider implications like capital allowances, allowable interest deductions, and VAT recovery when assessing net profit, though these are separate from cash on cash.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-example-office-space-investment\">Example: Office space investment<\/h3>\n\n\n\n<p>Let\u2019s say you or your client invested in an office space with the following details:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purchase price: \u00a3500,000 (commercial freehold)<\/li>\n\n\n\n<li>Loan (65% LTV): \u00a3325,000<\/li>\n\n\n\n<li>Deposit (35%): \u00a3175,000<\/li>\n\n\n\n<li>Stamp duty (commercial rate): \u00a314,500<\/li>\n\n\n\n<li>Legal, valuation, broker fees: \u00a36,000<\/li>\n\n\n\n<li>Fit-out and compliance works: \u00a315,000<\/li>\n\n\n\n<li>VAT (irrecoverable portion): \u00a32,500<\/li>\n<\/ul>\n\n\n\n<p>The total cash invested:<\/p>\n\n\n\n<p><code>(\u00a3175,000 + \u00a314,500 + \u00a36,000 + \u00a315,000 + \u00a32,500) = <strong>\u00a3213,000<\/strong><\/code><\/p>\n\n\n\n<p>For the purpose of this example, we\u2019ll apply the following annual income and expenses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Annual rent under FRI: \u00a342,000 (this is known as Triple Net Lease in countries such as the US)<\/li>\n\n\n\n<li>Vacancy allowance (1 month\/year): \u00a33,500<\/li>\n\n\n\n<li>Property management (2%): \u00a3840<\/li>\n\n\n\n<li>Loan interest (5% on \u00a3325,000): \u00a316,250<\/li>\n<\/ul>\n\n\n\n<p>Annual pre-tax cash flow:<\/p>\n\n\n\n<p><code>(\u00a342,000 \u2013\u00a33,500 \u2013\u00a3840 \u2013\u00a316,250) = <strong>\u00a321,410<\/strong><\/code><\/p>\n\n\n\n<p>Calculation:<\/p>\n\n\n\n<p><code>21,410 \/ 213,000 x 100 =<strong> 10.05<\/strong><\/code><\/p>\n\n\n\n<p>What does this result mean?<\/p>\n\n\n\n<p>A 10.05% cash on cash return means your commercial investment is producing a solid return on the capital you&#8217;ve put in, before accounting for taxes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-good-cash-on-cash-return\">What is a good cash on cash return?<\/h2>\n\n\n\n<p>What qualifies as a &#8220;good&#8221; return depends on your organisation&#8217;s goals, location, and risk appetite. Here are some general benchmarks:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4\u20136% <\/strong>is considered conservative but stable; often found in prime areas or with long-term tenants.<\/li>\n\n\n\n<li><strong>8\u201312% <\/strong>is a healthy return for many property investors, balancing risk and reward with solid cash flow.<\/li>\n\n\n\n<li><strong>13% and above<\/strong> is a strong return, and therefore less typical, but it usually comes with higher risk\u2014such as investing in undervalued areas, fixer-uppers, or volatile markets. In other words, most experienced private landlords would consider returns like this to require significant experience or specialised knowledge.<\/li>\n<\/ul>\n\n\n\n<p>Context matters. A 6% return may be excellent in a central London location with long-term leases and low vacancy risk. Meanwhile, a 14% return in a struggling high street location may signal higher vacancy or maintenance concerns. Always consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Local market conditions.<\/li>\n\n\n\n<li>Interest rates and lending terms.<\/li>\n\n\n\n<li>Your company\u2019s risk profile.<\/li>\n\n\n\n<li>Strategic investment goals (e.g., cash flow vs. capital growth).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cash-on-cash-return-versus-other-metrics\">Cash on cash return versus other metrics<\/h2>\n\n\n\n<p>Cash on cash return is only one piece of the puzzle. Here\u2019s how it compares to other popular real estate investment metrics:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cash-on-cash-return-vs-return-on-investment-roi-0\">Cash on cash return vs. return on investment (ROI)<\/h3>\n\n\n\n<p>While they might sound similar, cash on cash return and ROI are different in how they measure success:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ROI looks at total return over the life of an investment, including appreciation, loan repayments, and resale profits.<\/li>\n\n\n\n<li>Cash on cash return focuses solely on annual cash income relative to the cash you\u2019ve put in.<\/li>\n<\/ul>\n\n\n\n<p>ROI is an important metric to look at when evaluating a real estate investment\u2019s long-term performance or sale potential. &nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-capitalisation-rate-cap-rate\">Capitalisation rate (cap rate)<\/h3>\n\n\n\n<p>This is the net operating income divided by the property\u2019s market value.<\/p>\n\n\n\n<p>You can use this to compare value across different properties without factoring in financing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-internal-rate-of-return-irr\">Internal rate of return (IRR)<\/h3>\n\n\n\n<p>This metric looks at the annualised return over the life of an investment, accounting for time and cash flow. Use it when analysing multi-year investments or development projects. &nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-when-to-use-cash-on-cash-return\">When to use cash on cash return<\/h2>\n\n\n\n<p>Cash on cash return is best used when you&#8217;re evaluating:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How much cash flow a property produces annually.<\/li>\n\n\n\n<li>The efficiency of your business\u2019s cash investment.<\/li>\n\n\n\n<li>Financing scenarios (since it&#8217;s based on cash invested, not the total purchase price).<\/li>\n<\/ul>\n\n\n\n<p>It\u2019s especially helpful for commercial buy-to-let strategies or to compare multiple investment opportunities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-cash-basis-mean-on-a-tax-return\">What does cash basis mean on a tax return?<\/h2>\n\n\n\n<p>Understanding how your finances are recorded helps make sense of your pre-tax cash flow. <a href=\"https:\/\/www.sage.com\/en-gb\/blog\/cash-and-accrual-accounting\/\">Cash basis accounting<\/a> is often used by small companies and landlords, and is limited by HMRC rules to income below \u00a3150,000 annually.<\/p>\n\n\n\n<p>If using this method, you report your income when it\u2019s received, and your expenses when they\u2019re paid.<\/p>\n\n\n\n<p>It reflects your real-time cash position. For example, if you receive rent in December for January, it\u2019s recorded in December. In other words, income is recorded when it\u2019s physically received, regardless of the rent period it covers.<\/p>\n\n\n\n<p>If your annual rental income exceeds \u00a3150,000 then you must switch to accruals basis accounting. Limited companies and limitied liability partnerships also must use the accruals basis unless special rules or exemptions apply.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-is-cash-basis-different-from-accruals-basis-accounting\">How is cash basis different from accruals basis accounting?<\/h3>\n\n\n\n<p>The accruals basis method of accounting records income and expenses when they are earned or incurred, regardless of when cash is received or paid.<\/p>\n\n\n\n<p>For example, rent is recorded when due\u2014even if it\u2019s unpaid\u2014and any costs for repairs are recorded when they\u2019re billed for, even if the bill is paid in a different month.<\/p>\n\n\n\n<p>Accruals basis accounting\u2014also known as traditional accounting\u2014is a better method for larger companies that need a clearer long-term picture. In fact, they may be required to use accruals accounting under UK GAAP\/FRS 102 and IFRS. However, smaller businesses or individuals can choose to use accrual basis in preference to cash basis, if they wish, regardless of their size or income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-why-this-matters-for-property-businesses\">Why this matters for property businesses<\/h3>\n\n\n\n<p>Most smaller property investors and companies use cash basis. It aligns with cash on cash return calculations and offers a clearer view of cash flow. For tax purposes, HMRC allows many small businesses to use the cash basis method, simplifying reporting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-cash-on-cash-return-mistakes-to-avoid\">Common cash on cash return mistakes to avoid<\/h2>\n\n\n\n<p>Cash on cash return is straightforward but easy to get wrong if you overlook key details. Here are some common pitfalls to avoid:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ignoring-hidden-costs\">Ignoring hidden costs<\/h3>\n\n\n\n<p>Always include every out-of-pocket cost in your total cash invested calculation. Don\u2019t forget legal fees, insurance, repairs, or periods without rent. These affect your actual return.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-overestimating-rental-income\">Overestimating rental income<\/h3>\n\n\n\n<p>Don\u2019t assume you\u2019ll collect 100% of rent all the time. Tenants move out. Repairs happen. Build in a vacancy rate (usually 5-10%) and estimate conservatively to help avoid over-promising returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-confusing-cash-flow-with-profit\">Confusing cash flow with profit<\/h3>\n\n\n\n<p>Your pre-tax cash flow isn\u2019t the same as your total profit. For example:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can have strong cash flow but still be unprofitable on paper due to depreciation or interest payments.<\/li>\n\n\n\n<li>You may show profit but have negative cash flow if your expenses exceed rental income.<\/li>\n<\/ul>\n\n\n\n<p>Cash on cash return focuses on cash flow, not paper profit\u2014that\u2019s both a strength and a limitation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-overlooking-tax-and-debt-service\">Overlooking tax and debt service<\/h3>\n\n\n\n<p>Cash on cash return is pre-tax. So, if you\u2019re in a high tax bracket, your real return could be lower.<\/p>\n\n\n\n<p>Similarly, if you have variable-rate loans, future interest changes could affect your returns. Always factor in corporation tax, income tax (if applicable), and loan interest or changes in interest rates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\">Final thoughts<\/h2>\n\n\n\n<p>Understanding cash on cash return gives you a powerful tool to assess property investments.<\/p>\n\n\n\n<p>Use it to measure the performance of capital invested and compare multiple property investment opportunities.<\/p>\n\n\n\n<p>You can also apply it to make decisions on financing and yield expectations.<\/p>\n\n\n\n<p>Just remember\u2014cash on cash return is only part of the picture.<\/p>\n\n\n\n<p>Combine it with ROI, cap rate, IRR, and your organisation\u2019s goals to get a full view of any property investment opportunity.<\/p>\n\n\n\n<p>With IFRS-compliant <a href=\"https:\/\/www.sage.com\/en-gb\/industry\/financial-services\/\">financial services accounting software<\/a> you can simplify and automate the analysis of your real estate investment options.<\/p>\n\n\n\n<p>Leverage real-time insights and strategic planning tools to make data-driven decisions and stay compliant, while growing your business.<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Join more than 500,000 UK readers and get the best business admin strategies and tactics, as well as actionable advice to help your company thrive, in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-b1a63862-3fa0-4a5e-bb67-c76b88bbc6b8\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1073797282-1-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1073797282-1-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn what cash on cash return is, how to calculate it, and how it can help you make smarter property investment decisions. 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