# Equity Multiple

*Real Estate — Finicade finance glossary*

The equity multiple is total cash returned divided by cash invested — a 2.0× means you doubled your money. It's the honest companion to IRR, which can look spectacular on a fast flip that returned very little in absolute terms. Sponsors quote both because they answer different questions: IRR is speed, multiple is magnitude.

**Formula:** `Equity multiple = Total distributions ÷ Total invested`

**Also known as:** MOIC, multiple on invested capital, equity multiple real estate

**Related terms:** [IRR (Internal Rate of Return)](https://finicade.com/glossary/irr), [Cash-on-Cash Return](https://finicade.com/glossary/cash-on-cash-return), [Real Estate Syndication](https://finicade.com/glossary/real-estate-syndication), [Equity Waterfall](https://finicade.com/glossary/equity-waterfall), [Private Equity](https://finicade.com/glossary/private-equity)

Source: https://finicade.com/glossary/equity-multiple