This paper derived a closed-form expression for inter-flow capacity of a backhaul wireless mesh network (WMN) with centralized scheduling by employing a ring-based approach. Through the definition of an interference area, we are able to accurately describe a bottleneck collision area for a WMN and calculate the upper bound of inter-flow capacity. The closed-form expression shows that the upper bound is a function of the ratio between transmission range and network radius. Simulations and numerical analysis show that our analytic solution can better estimate the inter-flow capacity of WMNs than that of previous approach.