Cash Flow and Equity Yield Analysis

This section groups real estate return terms that connect property cash flow to investor equity yield and recovery assumptions.

Use it to compare before-sale income performance, after-tax cash flow, recapture assumptions, and cash-on-cash return.

In this section

• After-Tax Cash Flow: Comprehensive Guide to Understanding
  An in-depth look at after-tax cash flow in real estate, including its calculation, significance, and implications for investors.
• After-Tax Equity Yield: What the Equity Investor Actually Keeps
  Learn what after-tax equity yield measures, why leverage and tax treatment matter, and how it differs from pretax yield, cap rate, and ordinary equity-return comparisons.
• Cash-on-Cash Return: Measuring Annual Cash Yield on Cash Invested
  Learn what cash-on-cash return measures, how financing changes it, and why it differs from cap rate in real-estate investing.
• Financial Management Rate of Return (FMRR): A Real-Estate Return Metric Built to Improve on IRR
  Learn what FMRR measures, why real-estate analysts use it, and how it differs from ordinary IRR and MIRR.
• Recapture Rate: Rate of Recovery of an Investment in a Wasting Asset
  Comprehensive understanding of the Recapture Rate in appraisal, including its methods, calculations, and relevance in deriving the Capitalization Rate.