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3200 Tullio Way Henderson, NV 89052

4 Beds 4 Baths 3,947 sqft Built 1998

$849,900

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $215.33
  • 3 Days on Market
  • MLS # : 2243267
  • Updated Date : 11/02/2020 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,947 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

This home has it all, 4 beds + office/den and loft area. Formal living with cathedral ceilings, wet bar with wine refrigerator. Formal dining has cathedral ceiling and fireplace. Family room has fireplace, media niche and surround sound speakers. The kitchen has marble counters with waterfall edge, tile backsplash, stainless steel appliances, built-in refrigerator, and breakfast nook. Master has views from every window, a retreat with 2-way fireplace, crown molding, large balcony with panoramic views of mountain sunsets and Las Vegas strip. Spa-like master bath has 2 walk-in closets, jetted tub, large walk-in shower. A drive through Porte-cochere provides covered parking. Upgraded touches like custom lighting, plantation shutters, $50k in custom draperies, dual staircases. Backyard paradise is perfect for entertaining, featuring an inviting pebble tech pool with waterfall, wet deck with built-in loungers, spa, built-in BBQ, lush landscaping, spiral staircase to balcony, and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$764,910$934,890$849,900

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$3,136
Property Tax -$524
Property Insurance -$104
Property Management Fees -$119
CASH FLOW
-$772

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.

$849,900

PROJECTED PRICE

$3,110

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,483

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,110
1$3,1102$3,2953$3,5004$3,5005$3,850
$3,850
RENT COMPS ANALYSIS
  • 3200 Tullio Way Henderson, NV 1
    • 4 beds 4 baths ∙ 3,947 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,947 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $0.79
    •  
  • 1551 Via Della Scala #0 Henderson, NV 2
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.81
    •  
  • 1305 European Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 1999
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.87
    •  
  • 1464 European Drive Henderson, NV 4
    • 5 beds 4 baths ∙ 3,903 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,903 Sqft ∙ Built 2003
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
  • 2940 Carmelo Drive #0 Henderson, NV 5
    • 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michael L Carlucci
1.702.461.4422
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243267
Last Updated: 11/02/2020
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