Cumberland County
Income Summary

Data last updated on: 5/18/2024     Ownership current as of: 5/14/2024     Tax Year: 2024
REID 9592523523000

 PIN # 9592-52-3523
Location Address Property Description
0 N/A DR GARY ELLIS & PAULA J EDGE ET AL LO:5 SE:01 PL:0099-0029
   
Property Owner Owner's Mailing Address
SPRING LAKE PROPERTY ACQUISITIONS INC
PO BOX 617
SPRING LAKE NC 28390
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Documents
Notes
Sales
Photos
Income Modeling
Income Model Type
Income Location Average
Economic Year Built
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
SW-PR TO FRUNITS 75 $1,620.00 $121,500.00


Total Units 75
Total Sqft 0
Total Potential Gross Income $121,500.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $24,300.00
     Deductions Total (% of PGI) 20.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $97,200.00
 
Total Expenses $0.00
Total Expenses Override $43,740.00
NET Income $53,460.00
     Percentage of PGI 44.000%
     Percentage of EGI 55.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.119020


Total Value $449,168.21
Excess Land $2,345.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $451,500.00
Final Value Override $0.00