Cumberland County
Income Summary

Data last updated on: 4/25/2024     Ownership current as of: 4/10/2024     Tax Year: 2024
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
Sales Comparison
Photos
Income Modeling
Income Model Type
Income Location Average
Economic Year Built
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
1-BEDROOMUNITS 3 $5,760.00 $17,280.00


Total Units 3
Total Sqft 0
Total Potential Gross Income $17,280.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $2,592.00
     Deductions Total (% of PGI) 15.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $14,688.00
 
Total Expenses $0.00
Total Expenses Override $6,462.72
NET Income $8,225.28
     Percentage of PGI 47.600%
     Percentage of EGI 56.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.112390


Total Value $73,185.16
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $73,200.00
Final Value Override $0.00