# Bought with cash, refi 1 month later, COC Return number is really high

**URL:** https://community.stessa.com/t/bought-with-cash-refi-1-month-later-coc-return-number-is-really-high/2319
**Category:** Tips & Tricks
**Created:** [March 9, 2021, 3:46pm UTC](https://community.stessa.com/t/bought-with-cash-refi-1-month-later-coc-return-number-is-really-high/2319 "2021-03-09T15:46:40Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![jason](https://avatars.discourse-cdn.com/v4/letter/j/dc4da7/32.png) [@jason](https://community.stessa.com/u/jason)
#### Post date: [March 9, 2021, 3:46pm UTC](https://community.stessa.com/t/bought-with-cash-refi-1-month-later-coc-return-number-is-really-high/2319/1 "2021-03-09T15:46:40Z")

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Hello! I’m assuming I just categorized something wrong, but my COC % number is really, really high. And as much as I wish that were true, my bank account says otherwise 🙂

Here’s my situation:  
I bought a property for $60,800 cash in January, then closed on a $45k mortgage in February. I updated Stessa, including the $45k proceeds as Mortgage Proceeds. It doesn’t show up in my cash flow, but it DOES show up in my COC number, making it show a whopping 3204.7% return for Feb. I’m assuming it’s counting the mortgage proceeds as returns against the $15,800-ish cash I still have in it since the proceeds aren’t wired up to the mortgage info I entered on the property, thereby double-counting the $45k. I tried categorizing it as Money In - Mortgage Principal, but that doesn’t solve the COC issue either.

How should I categorize the mortgage proceeds correctly to not double count the $45k from the loan?

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### Author: ![devin.l.scott](https://yyz2.discourse-cdn.com/flex032/user_avatar/community.stessa.com/devin.l.scott/32/348_2.png) [@devin.l.scott](https://community.stessa.com/u/devin.l.scott)
#### Post date: [July 10, 2021, 1:04am UTC](https://community.stessa.com/t/bought-with-cash-refi-1-month-later-coc-return-number-is-really-high/2319/2 "2021-07-10T01:04:44Z")

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So you have a substantial COC. Enjoy it.

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### Author: ![devin](https://yyz2.discourse-cdn.com/flex032/user_avatar/community.stessa.com/devin/32/8_2.png) [@devin](https://community.stessa.com/u/devin)
#### Post date: [August 17, 2021, 12:38am UTC](https://community.stessa.com/t/bought-with-cash-refi-1-month-later-coc-return-number-is-really-high/2319/3 "2021-08-17T00:38:07Z")

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@jason Take another look at your cash-on-cash metric and Net Cash Flow report. We’ve made some changes to better reflect purchase, sale, and refinance/mortgage activity. Some (or all) of what you reported back in March should now be cleaned up.