Final answer:
Cash-on-cash return can be approximated with a rate
Step-by-step explanation:
'Cash-on-cash return' can be approximated with a/an rate. The cash-on-cash return is a measure used in real estate investing to evaluate the return on investment (ROI) by comparing the annual cash flow generated by the property to the initial investment. It is calculated by dividing the annual net cash flow by the initial cash investment. For example, if a property generates $10,000 in annual net cash flow and the initial investment is $100,000, the cash-on-cash return is 10%.