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12211 Honor Guard Avenue Charlotte, NC 28277

3 Beds 3 Baths 1,757 sqft Built 2004

$300,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $170.75
  • 2 Days on Market
  • MLS # : 3692600
  • Updated Date : 12/19/2020 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,757 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prostead Realty

Listing Agent's Description

What a great opportunity for Ballantyne living! Brand new wood-look floors on main level, fresh paint and brand new Stainless Steel Appliances - including refrigerator! This spacious and open floorplan features a large family room, dining/breakfast area and a great service bar from the kitchen. There's a huge laundry/mud room off of the garage and a separate pantry closet within. The kitchen cabinets have been freshly and professionally painted Dove White with stunning accent knobs added. The upstairs has a great landing & linen closet with a spacious secondary bathroom. The Owner's bedroom will amaze w the huge walk-in closet, oversized bathroom w newly framed pottery barn style mirror & separate water closet. This home has tons of natural light & windows. Lots of closets and storage - be sure to check out the extra deep closet off of the foyer. Sliding glass doors to patio w a nice "wall" of trees for privacy. Walk to Elementary school w easy drive to Ballantyne, Shopping & dining.

SEE MORE

MARKET HIGHLIGHTS

  • Corporate Fortune 500 headquarters: Bank of America, Lowe’s, Duke Energy, Nucor, Family Dollar Stores, Sonic Automotive, Domtar
  • #3 fastest-growing big city in US with more than 15,000 people added in 2017 (US Census, 2018)
  • Charlotte metro has 65.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Charlotte attracted more than $325 million in capital investments in 2018Q2 (Meckelenburg county, June 2018)
  • Charlotte metro's economy is worth $181 billion in Gross Metro Product and projected to grow to $192 billion in 2019 (USMayors.org, 2018)
  • #1 Millenial Moving destination city (Smart Asset)

PRICE & RENT TRENDS

Neighborhood: Ballantyne West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Neighborhood: Ballantyne West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8442026

* 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
Ballantyne Elementary School Primary Regular 850 44 9
Community House Middle School Middle Regular 1,750 81 9
Ardrey Kell High School High Regular 2,701 127 9

Ballantyne Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 44
9
GreatSchools Rating

Community House Middle School

  • Education Level: Middle
  • # of students: 1,750
  • # of teachers: 81
9
GreatSchools Rating

Ardrey Kell High School

  • Education Level: High
  • # of students: 2,701
  • # of teachers: 127
9
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,107
Property Tax -$262
Property Insurance -$60
HOA -$69
Property Management Fees -$119
CASH FLOW
$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$300,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$26,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,505
1$1,5052$1,6603$1,7504$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 12211 Honor Guard Avenue Charlotte, NC 2
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.94
    •  
  • 12007 Royal Castle Court Charlotte, NC 1
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2004
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.95
    •  
  • 11812 Hawick Valley Lane Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1998
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 9460 Graywell Lane Charlotte, NC 4
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 15012 Rothesay Drive Charlotte, NC 5
    • 4 beds 3 baths ∙ 1,903 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,903 Sqft ∙ Built 1998
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Beth Gionis
1.704.609.6653
Prostead Realty
BESbswy