Real Estate
A property, its mortgage, and the equity between them.
Updated
What Property Tracking Does
Real estate is one of the manual asset types under Net Worth. Each property contributes to your net worth and appears on the historical chart.
Cadence stores a snapshot of every valuation you record, so your chart reflects how the value has actually moved rather than only the most recent figure.
Adding a Property
- Open the Net Worth page.
- Tap Add Asset and choose Real Estate.
- Give it a recognisable name, such as the street or a nickname.
- Enter the current estimated value.
- Choose how to handle the mortgage, if there is one.
- Optionally add the purchase price and date for context.
Once saved, the property appears in your assets and starts contributing to your net worth immediately.
Handling the Mortgage
The form offers three modes:
- No mortgage - the property is owned outright, so its full value counts as an asset.
- Link a mortgage - attach an existing synced or manual loan you already track, so the property and its debt stay connected.
- Add a mortgage - enter the balance, institution, rate, amortisation and renewal date. Cadence creates the linked liability for you.
However you record it, the accounting is the same: the property adds to your assets, the mortgage subtracts, and the difference is your equity. Because the two are linked rather than merged, each moves on its own schedule - your home value drifts with the market while the balance ticks down with each payment.
The rate and amortisation are stored, not calculated with
Cadence keeps those figures and displays them, but does not generate a payment schedule or a payoff date from them. See Credit Cards & Loans.
Keeping the Valuation Current
Property values move with the market, and a manual asset does not revalue itself. When you update the value, a new snapshot is added to that property’s history and your net worth chart picks up the change on the date you record it.
Sensible moments to re-value:
- After a formal appraisal.
- After a refinance.
- When you have fresh comparable sales in your area.
Tip
Quarterly or annual updates are plenty for most homeowners - there is no value in chasing weekly fluctuations. But do it at least once a year, or the chart reports a stale purchase price as though it were today’s reality.
Jointly Owned Property
Tick Split with partner and Cadence counts half the value toward your net worth, marking the card with (50%). Tick the same option on the mortgage and that halves too, so your equity stays right.
It is always exactly half; there is no way to set a different share. See Net Worth.
Primary Residence vs Investment Property
Both roll into net worth the same way: value as an asset, mortgage as a liability. The distinction matters for how you think about the numbers, not how Cadence calculates them.
For a primary residence the value is a long-horizon figure - you live there, so it is not liquid in any practical sense. For an investment property you may want to track the value alongside rental income separately so you can reason about yield. Naming each property clearly keeps the two mental buckets apart even though the maths is identical.