Cumberland County
Income Summary

Data last updated on: 6/30/2025     Ownership current as of: 6/24/2025     Tax Year: 2025
REID 9498492680000

 PIN # 9498-49-2680
Location Address Property Description
7569 FARADAY PL LAGRANGE LO:11 SE:06 BL:G PL:0030-0020
   
Property Owner Owner's Mailing Address
BUNN, THOMAS D;FARADAY PLACE HOLDINGS LLC
4030 WAKE FOREST RD STE 349
RALEIGH NC 27609
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Documents
Notes
Sales
Photos
Income Modeling
Income Model Type Apt Mod 1 Class D Fa
Income Location Excellent
Economic Year Built 1971
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
1 BEDROOMUNITS 3 $6,600.00 $19,800.00


Total Units 3
Total Sqft 0
Total Potential Gross Income $19,800.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $990.00
     Deductions Total (% of PGI) 5.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $18,810.00
 
Total Expenses $0.00
Total Expenses Override $7,524.00
NET Income $11,286.00
     Percentage of PGI 57.000%
     Percentage of EGI 60.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.108785


Total Value $103,745.92
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $103,700.00
Final Value Override $0.00