Cash-on-cash return AFTER the first year?

[Brian C.]

I'm trying to find a calculation to help me compare a rental investment property to a stock / mutual fund investment. I've read that rental property CCR can be directly compared to annual return % of a stock investment, but it only applies to the first year of ownership. What can I use after the first year to accurately compare?

[Jordan Thibodeau]

Aggregate cash flow( first month - current) / Cash invested (down payment ,closing costs + equity build up).

You could add appreciation but it would be tricky at times, that's best used when you sell.