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Cash Flow and Equity Yield Analysis

Cash Flow and Equity Yield Analysis covers After-Tax Cash Flow, After-Tax Equity Yield, Cash-on-Cash Return, Financial Management Rate of Return (FMRR), and related property-finance topics for property-income and valuation analysis.

Cash Flow and Equity Yield Analysis covers NOI, cap rates, income yields, cash-on-cash return, resale proceeds, reversion, feasibility, appraisal approaches, rent ratios, and real-estate valuation metrics.

Use these pages when property income, expenses, valuation method, exit assumptions, or investment yield changes collateral value or investor return. It sits inside Cash Flow, Resale, and Reversion Analysis, so readers can move up when the broader property-finance context matters.

Use the table below to choose the narrower mortgage or real-estate finance branch before applying a term to a loan file, closing record, servicing review, investor report, appraisal, or valuation model. Move into the term page when the document, calculation, party role, lien position, or property cash flow matters.

What This Branch Covers

AreaUse it for
After-Tax Cash FlowAfter-Tax Cash Flow is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.
After-Tax Equity YieldAfter-Tax Equity Yield is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.
Cash-on-Cash ReturnCash-on-Cash Return is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.
Financial Management Rate of Return (FMRR)Financial Management Rate of Return (FMRR) is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.
Recapture RateRecapture Rate is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.

What to Check

  • NOI, effective gross income, operating expenses, reserves, cap rate, discount rate, and rent assumptions.
  • Appraisal, valuation model, rent roll, lease terms, market comparables, sale data, and expense records.
  • Income approach, cost approach, repeat-sales data, cash-on-cash return, reversion, and resale proceeds.
  • Property type, location, occupancy, lease rollover, capex, tax, and financing assumptions.
  • Effect on loan sizing, LTV, debt service, equity return, collateral value, and exit risk.

Common Mistakes

  • Using gross rent as if it were NOI.
  • Ignoring capex, vacancy, reserves, taxes, and lease rollover.
  • Comparing cap rates without property type, lease quality, and market context.
  • Treating appraisal value, transaction price, and model value as identical.

Property-income and valuation content is educational and does not provide appraisal, investment, tax, accounting, legal, or lending advice.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

After-Tax Cash Flow

After-Tax Cash Flow is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.

After-Tax Equity Yield

After-Tax Equity Yield is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.

Cash-on-Cash Return

Cash-on-Cash Return is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.

Recapture Rate

Recapture Rate is a real-estate valuation metric used to connect property income, price, yield, and investor return expectations.

Revised on Sunday, June 21, 2026