Cash on Cash ROI calculation on existing homestead
I may purchase another home this year for me and my family to live in and convert current single family home (purchased 8 years ago) into my first rental. Normally for the Cash on Cash calculation, I would need to determine how much my down payment, closing costs & rehab costs were to calculate my total investment. My question: is this something I still need to calculate for my situation? I mean would I need to go back 8 years and remember how much my down payment was along with closing costs at that time? In addition, would I need to calculate How much principal payments i have paid over the last 8 years and add that to my down payment and closing costs in order to calculate my total investment to date?