home in Raleigh, NC
This property is located in Raleigh, NC.
| Price | $60,000 |
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| Address | 5809 Meadowlark Ln #107, Raleigh, NC 27610 |
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Why buy this home
- Links directly to the original source listing on Trulia.
Is this a good buy?
Not enough comparable sales to call the price yet.
- New to market (5 days), so expect competition.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $392/month with 20% down at a 7.28% 30-year fixed rate. You would need about $16,797 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $328/mo |
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| Property tax (new-buyer reassessed rate) | $41/mo |
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| Homeowners insurance | $23/mo |
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| Total monthly | $392/mo |
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| Down payment (20%) | $12,000 |
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| Income needed | $16,797/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (68 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (68/100) |
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| Beats renting in | 23% of modeled paths |
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| Modeled 5-yr equity (median) | $31,049 |
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| Range (10th to 90th pct) | $18,774 to $44,853 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Raleigh, NC where local data is thin.
Local home values
Typical home values in Raleigh, NC have risen about 19% over the past 5 years (-2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia