Property and Rental Tracking

What you can track

The Property section covers the home you live in, any rentals you own, and a forward projection of how your equity grows over time.

For your home you record purchase price, current value, and mortgage balance. For rentals you also track rent received, expenses, and yield.

Adding a property

1. Open Property.
2. Click Add Property.
3. Fill in address, purchase price, current estimated value, and outstanding mortgage.
4. Save.

Your equity is just current value minus the mortgage balance. Cisti does the subtraction for you.

If it's a rental

Add a rental agreement with the monthly rent and the tenant start date. Cisti then tracks total rent received to date and your gross rental yield (annual rent as a percentage of property value).

Local Property Tax (LPT)

Revenue sets the LPT based on which valuation band your property falls into. You can record your annual LPT amount in property settings. For current bands, see Revenue.ie/LPT.

Rental income tax

Rental income is liable for income tax, USC, and PRSI. Allowable deductions include mortgage interest (subject to rules), repairs, insurance, and management fees. The rules around what's deductible can get fiddly, so for anything non-trivial talk to a tax advisor. The Revenue page on rental income is a good starting reference.

Equity tracker

The equity tracker plots your property equity over time as the mortgage drops and the property value moves. Update the estimated value every six to twelve months to keep it honest.