Cash-on-cash uses total cash flow before CapEx reserves. FCF deducts CapEx reserves for a conservative, more realistic distributable cash figure.

What reduces FCF most?

High vacancy, rising operating expenses, increasing interest rates on variable-rate debt, and deferred maintenance that triggers large CapEx all compress FCF.

How to model FCF over hold period?

Project annual NOI growth (rents minus expenses), deduct fixed debt service, and subtract planned CapEx schedule. Add terminal value at exit for full return picture.

Free Cash Flow After Debt Service Calculator

Calculate free cash flow = NOI − Annual Debt Service − CapEx Reserves. True cash available to investors after all obligations. Foundation for distribution calculations.

Use the full interactive calculator below, or

Related Calculators

Cash-on-Cash Return

Niche Finance Tools

DSCR Calculator

Niche Finance Tools

CapEx Reserve Per Unit

Niche Finance Tools

Free Cash Flow After Debt Service Calculator

Related Calculators

Frequently Asked Questions

FCF vs cash-on-cash?

What reduces FCF most?

How to model FCF over hold period?