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3217 Green Ice Avenue North Las Vegas, NV 89081

3 Beds 3 Baths 2,065 sqft Built 2006

$334,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $162.18
  • 2 Days on Market
  • MLS # : 2264432
  • Updated Date : 01/30/2021 at 21:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,065 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Stunning I mean Stunning home in Rose Lake. Elegant 2 story home with FULL BALCONY built by Centex homes has so many upgrades. Crown molding, Shutters, custom paint & new carpet thru out. Travertine tile thru-out 1st floor. Living room upon entry that leads to the remodeled kitchen w/custom cabinets, stainless appliances, hood & breakfast bar. (SS refrigerator included) Kitchen adjoins a Huge separate family room. Loft w/ ceiling fan, built in wall unit (tv stays) & cabinets. Full walk out Balcony off Loft & primary bedroom!. Primary bedroom w/walk in closet & fan. Bath w/tub-shower combo, new lighting & shower doors. Laundry up: w/d incl. Bedroom 2 & 3 share bathroom. Oversized yard w/extended dvd patio, gazebo, fire pit, garden & lots of room to Play! Nestled on the back side of the community & backed to an upscale golf course. Located close to shopping, hwy access, VA hospital & Nellis AFB. This Dream Home can be yours!! MOVE IN READY & ALL APPLIANCES INCLUDED!

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rose Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $84k320k

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

Neighborhood: Rose Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
John Tartan Elementary School Primary Regular 637 37 3
Clifford O. Findlay Middle School Middle Regular 1,372 59 NA
Mojave High School High Regular 2,311 103 2

John Tartan Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 37
3
GreatSchools Rating

Clifford O. Findlay Middle School

  • Education Level: Middle
  • # of students: 1,372
  • # of teachers: 59
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,163
Property Tax -$274
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$64

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.

$334,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,569

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5603$1,5954$1,5955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3217 Green Ice Avenue North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,065 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,065 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.76
    •  
  • 5616 Clotidle Soupert Court North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,065 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,065 Sqft ∙ Built 2006
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.70
    •  
  • 3216 Carefree Beauty Avenue #n/a North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2005
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 5616 Hannah Gordon Court North Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2006
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 3124 Winter Sunset Avenue North Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2005
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
PROPERTY LISTING DETAILS
Loralee A Wood
1.702.419.3212
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264432
Last Updated: 01/30/2021
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