Real Estate Investment Tracker: Private Deals Next to Funds and Startups

A real estate investment tracker is the cash-and-document book, not a Zillow screenshot. Direct rentals, GP syndications, and LP commitments in a real-estate fund only sit next to startup positions if they share one record type: dated cash and the PDFs that prove it. Cap rate and cash-on-cash are the rental language. IRR and MOIC are the private-equity language. A dashboard that shows a mark without those cash dates is still two ledgers.

What a real estate investment tracker actually logs

This is not a guide to buying a rental. Open one row per vehicle — the property LLC, the deal SPV, the fund commitment — and refuse to merge them because they share a brand.

Copy at least these fields onto every row:

• Legal name and vehicle (fee-simple, LLC, syndication LP, commingled fund)

• Instrument and your cost basis (equity check, preferred, LP interest)

• A cash-flow table: date, direction, type, amount

• Documents: purchase agreement or LPA, rent roll or capital-account statement, latest K-1 or appraisal

• Current mark, with an as-of date, and whether it is appraisal, GP NAV, or a consumer estimate

Kubera’s help center (fetched August 21, 2026) tells US users to enter an address or Zillow URL for an estimated market price, then link a mortgage to see equity. That is a balance-sheet mark. It is not the cash history an IRR needs. Raziel’s real estate product page markets a dashboard for residential, commercial, and rental properties. The useful question is whether rent, capex, and a fund notice can post on the same record type as a capital call.

Cap rate vs cash-on-cash: what belongs on the row

Wall Street Prep’s cap-rate vs. cash-on-cash note is the clean split. Cap rate is unlevered: stabilized net operating income divided by current market value. Cash-on-cash (cash yield) is levered: annual pre-tax cash flow — NOI minus annual debt service — divided by the initial equity investment. Financing does not move cap rate. It moves cash-on-cash, because more debt shrinks the equity denominator.

Raziel’s cap-rate calculator prints the same identity: Cap Rate (%) = (NOI / Property Value) × 100, and treats cash-on-cash as annual cash flow over actual cash invested, including the down payment. Those two percentages are period yields. They do not replace a holding-period IRR.

Log both, and log the inputs: NOI, market value or purchase price, annual debt service, cash in. Recalculate when rent, expenses, or the mark change. A cap rate next to a stale consumer estimate is a yield on a number you cannot defend.

IRR and MOIC: the same stack used for PE

A rental still has irregular cash. So does an LP line. ILPA’s Performance Template exists to standardize private-fund return math from a cash-flow table: IRRs and TVPI/MOIC, gross and net, with and without fund-level subscription facilities, for funds commencing operations on or after January 1, 2026. The template is the PE stack. It is not a real-estate appraisal.

Raziel’s IRR calculator defines IRR as the annualized rate at which the net present value of inflows and outflows equals zero, and MOIC as how many times invested capital came back — a 3x that ignores when the cash moved. Without dates, the calculator is guessing. A rent check is a cash-in on the day it hit the account. A roof is a cash-out. A capital-call notice is a cash-out on the wire date, not the PDF date. Raziel’s capital-call tracking guide is the notice-level version of that rule.

Put the same dated table on the duplex and on the real-estate fund. Then cap rate, cash-on-cash, IRR, and MOIC are views of one ledger, not four spreadsheets.

Why net-worth and stock trackers split the book

Kubera’s net-worth post (fetched August 21, 2026) is a personal balance sheet: assets minus liabilities, with Zillow (and EstiBot for domains) for marks on assets without accounts. Help-center copy for adding assets and linking a mortgage matches that job — latest estimated price, then equity. It does not ask for NOI, a rent roll, or ILPA-style call types.

Sharesight’s February 11, 2020 how-to still treats property as a custom investment. Rental income is recorded as a dividend. The same post says Sharesight cannot handle negative balances and interest expenses on the purchase, so the example ignores debt. Help for custom investments, last updated June 30, 2026, still lists property as an unlisted example and has you update “share price” by hand. In March 2025, Sharesight’s TaxTank announcement said integrating property portfolios had remained a manual process and pointed property tax, expenses, and market values at a partner. First-party product copy, not a ranking.

A 2026 vendor comparison on Capitally’s site and Find My Moat’s Kubera vs Sharesight page discuss those products and do not mention Raziel. Do not treat this article as a review win. A net-worth row and a listed-stock tax lot can hold a mark. They do not hold the cash dates and documents.

One record type for a rental and an LP commitment

A rental and an LP commitment belong in one book only if they share fields: entity, instrument, dated cash events, documents on the same row, and a mark with an as-of date. When those match, a duplex rent check, a syndication distribution, a fund capital call, and a startup follow-on are the same object with different labels.

That is the test for Raziel’s alternative-asset dashboard: startups, real estate, crypto, and public equities, with IRR, MOIC, AI document ingest, capital calls, and wallets plus bank linking. Park the lease, the K-1, and the call notice on the same record as the wire. For the broader product story, see Raziel’s note on real estate investment tools. Keep the PDFs. Post the cash on the day it moved.