Definition
Cash-on-Cash Return
Annual pre-tax cash flow divided by total cash invested. The measure of what an investment actually returns on the money you put in.
Nearby terms
Cap
A limit on how much an ARM rate can change at first adjustment, at each subsequent adjustment, and over the life of the loan.
Capitalization Rate
Net operating income divided by property value.
Cash-Out Refinance
Replacing an existing mortgage with a larger one and receiving the difference in cash.
Certificate of Eligibility
The VA document confirming a borrower's entitlement to VA loan benefits.
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