Income Summary

Data last updated on: 4/18/2025     Ownership current as of: 4/11/2025     Tax Year: 2025
REID 154215

 PIN # 0738-16-9408
Location Address Property Description
4405 NC 55 HWY PROP-RED ROOF INNS INC/DB A-RED ROOF INN DBA/RED R PL:000113-000097
   
Property Owner Owner's Mailing Address
DURHAM HOSPITALITY GROUP LLC
2000 BEARCAT WY STE 102
MORRISVILLE NC 27560
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Map
Income Modeling
Income Model Type Motel Md 1 Cl C RT
Income Location Excellent
Economic Year Built 1986
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
HOTEL / MOTEL / STUDENT HOUSINGUNITS 115 $51,465.00 $5,918,475.00


Total Units 115
Total Sqft 0
Total Potential Gross Income $5,918,475.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $3,935,785.88
     Deductions Total (% of PGI) 66.500%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $1,982,689.12
 
Total Expenses $0.00
Total Expenses Override $973,004.69
NET Income $1,009,684.43
     Percentage of PGI 17.060%
     Percentage of EGI 50.925%
 
Final Value

Income Method Overall Rate
Rate Used 0.108950


Total Value $9,267,411.01
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $9,267,411.00
Final Value Override $0.00
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