Stop letting surface-level numbers fool you! Cap rate and cash-on-cash return are two completely different lenses for seeing a property’s performance — and if you only look at one, you’re missing the full picture. -Cap Rate = property performance if you paid all cash. -Cash-on-Cash Return = how your actual invested cash performs when financing is involved. On the Gulf Coast, where insurance, management fees, and financing can swing returns by thousands, this difference matters more than ever. Th