30 Days of 3.0 – Day 17: Debt Remaining
Welcome to Day 17 in our “30 Days of 3.0” series. Yesterday we talked about how we now show you the amount of money you’ve invested (and re-invested through operations) in the property. Today, we’re going to show you a new way to look at a property’s debt.
When we rebuilt our financial engine, one of the things we did to improve our loan calculations was to keep better track of the totals after each payment. Now we’re tracking total principal paid, total interest paid, total principal remaining, and so forth.
A crucial element to understanding how much money you’ll be left with after you sell the property is how much of the loan you’ll have left to pay off. So as a part of showing our work, we now show you how much debt you have remaining at the end of the year. It’s hidden by default; you have to click the new “returns” button in the top-left corner of the Cash Flow or Comparison tabs to display it.
Tomorrow, we’ll talk about the new indicator that shows you how much money the property is projected to earn over the reported lifetime. I’ll see you then, and as always, I hope you have a fantastic day. :)