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2136 Casa Ladera Street Las Vegas, NV 89156

3 Beds 2 Baths 1,310 sqft Built 2004

$209,999

List Price

$1,290

$1.2K - $1.4K

Rent Est.

$61,400

Investment Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $160.30
  • 3 Days on Market
  • MLS # : 2268197
  • Updated Date : 02/06/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,310 sqft
  • Baths : 2 full
Listing Agent

Precision Realty

Listing Agent's Description

2 Story home with 3 beds, 2 baths, and attached 1 car garage. Home has tile flooring downstairs. Located near Nellis Air Force Base and Major shopping centers!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Tierra Mesa

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $68k296k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Tierra Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8761603

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Martin Luther King Jr Elementary School Primary Regular 521 31 3
Dr. William H Bob Bailey Middle School Middle Regular 1,202 49 NA
Sunrise Mountain High School High Regular 2,526 113 2

Martin Luther King Jr Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 31
3
GreatSchools Rating

Dr. William H Bob Bailey Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 49
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

FINANCIALS

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$188,999$230,999$209,999

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$729
Property Tax -$137
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$253

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$209,999

PROJECTED PRICE

$1,290

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment		 $52,500
Rehab Estimate		 $5,750
Closing Costs		 $3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,499
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$36,212

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,290

    LIST RENT

  • $0.98

    LIST RENT PER SQFT

  • $1,297

    COMP ESTIMATED VALUE

  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,3004$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 2136 Casa Ladera Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.98
    •  
  • 2148 Casa Ladera Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 2166 Casa Ladera Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 2106 Casa Ladera Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 2151 Casa Ladera Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Enzo Varela
1.702.280.8300
Precision Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268197
Last Updated: 02/06/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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