Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8227 Violet Meadow Court Las Vegas, NV 89117

4 Beds 1 Baths 2,048 sqft Built 1999

$450,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $219.73
  • 17 Days on Market
  • MLS # : 2256697
  • Updated Date : 12/31/2020 at 08:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,048 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*AMAZING 2 STORY HOME LOCATED IN WELL DESIRED AREA*NO HOA IS A PLUS*4 BEDROOM & 3 BATHROOMS*BEAUTIFUL DESERT LANDSCAPING*AMPLE PARKING IN DRIVEWAY AND 2 CAR GARAGE*SECURED ENTRY*SEATING AREA IN FRONT*VERY SPACIOUS & OPEN FLOORPLAN WITH TONS OF NATRUAL LIGHTING & CEILING FANS INCLUDED*SPERATE LIVING ROOM & FAMILY ROOM*TILE & HARDWOOD FLOORING THROUGHT* FRIDGE, MIRCOWAVE & DISHWASHER INCLUDED*KITCHEN WITH BREAKFAST NOOK/EATING AREA, GARDEN WINDOW, GRANITE COUNTERTOPS, PANTRY & RECESSED LIGHTING*MASTER BEDROOM LOCATED DOWNSTAIRS WITH BUILT IN ENTERTAINMENT CENTER, SITTING ROOM & WALK IN CLOSET*MASTER BATH WITH DOUBLE SINKS & SEPERATE TUB & SHOWER*AMAZING SPACIOUS BACKYARD WITH TONS OF ROOM FOR ENTERTAINMENT*POOL & SPA COMBO*POOL & SPA ARE HEATED WITH WATERFALLS*NEW GARAGE DOOR & GARAGE DOOR OPENER*NEW SHUTTERS, CROWN MOLDING, BASEBOARDS, FANS & BACKSPLASH*HOME IS LOCATED NEAR SHOPPING & DINING*

SEE MORE

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: The Lakes-Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k368k

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

Neighborhood: The Lakes-Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763020

* 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
Herbert A. Derfelt Elementary School Primary Regular 699 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Herbert A. Derfelt Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,660
Property Tax -$234
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$300

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$11,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,6504$1,6505$1,780
$1,780
RENT COMPS ANALYSIS
  • 8227 Violet Meadow Court Las Vegas, NV 5
    • 4 beds 1 baths ∙ 2,048 Sqft ∙ Built 1999 4 beds 1 baths ∙ 2,048 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.87
    •  
  • 8215 Violet Meadow Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 1999
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.73
    •  
  • 8204 Stoneheather Court Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2000
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 8254 Arden Landing Place Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2009
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 8263 Avens Place Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2009
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256697
Last Updated: 12/31/2020
BESbswy