A Home You Love - and Make it our Own.

Roman Randolph
is organizing this fundraiser.
201 Clinton Ave APT 1F, Brooklyn, NY 11205
Created
January 10, 2023 12:34 AM
Household Change
$435,000
raised of goal
$725,000
87
Investors
Join the Waitlist
Monthly Residency Payment:
5040
Initial Investment:
Price Per Share:
Total Shares:
10000
Roman Randolph

Growing up, my parents were always moving. I had to switch schools, make new friends, and adjust to so many different environments. While I enjoyed the adventure these moves brought, I was always missing a sense of stability. 

As I grew older and started a family of my own, I realized the demands of life with a family were immense. Between the expenses of childcare, groceries, and day-to-day living costs, I started to wonder if I'd ever be able to afford the home of my dreams. 

That's when I discovered Homefundme. Homefundme gave me the opportunity to invest without needing to take out a loan. Instead, I could join forces with my family and friends, which would help me cover the costs of buying a home and provide us with net rental income from tenants, as well as with property value appreciation in the future. 

So if you believe that everyone should have the opportunity to achieve their dream of owning a home, join me and make a real difference in someone's life. Together, we can turn my dream of a home into a reality.

Features:

Excellently located on Clinton Avenue, this 3-bedroom, 1-bathroom apartment offers great potential in a sought-after, upgraded cooperative complex.


Step into a gorgeous home with about 1000 square feet of living space, showcasing hardwood floors and oversized windows providing abundant natural light with south-western exposure

The spacious living room offers a warm welcome, while the kitchen offers tons of potential for your future dream kitchen.


The two king-sized bedrooms feature built-in closets, while the third bedroom maintains access to the private outdoor patio.


The complex includes a live-in super, 24-hour full maintenance and security staff, bike storage, package rooms, a laundry room, elevators and co-generated electricity. Cats and dogs are allowed.


With unbeatable location, this apartment is convenient to the G and C trains, Atlantic Terminal, as well as local restaurants, nightlife, shopping, and other amenities.

Total Investment Value
Home Cash Price
725000
Closing costs
Upfront LLC fees:
500
Dyur listing fee (6%)
Annual gross rents
Property taxes
Homeowners insurance
2205
Property management Fee (8%)
Annual LLC administration and filing fees
500
Annual cash flow
Monthly cash flow
5040
Why New York?
Here are the latest trends in the NYC real estate market as well as the statewide market. A prolonged scarcity of properties on the market, along with high prices and high mortgage rates, continues to impede the New York housing market. According to the housing report released by the New York State Association of REALTORS®, the number of properties for sale declined for the 37th straight month in year-over-year comparisons, while mortgage rates remain more than double what they were at this time last year.

The number of available properties for sale fell by 12%, from 40,321 in November 2021 to 36,490 this month. In year-over-year comparisons, the months' supply of dwellings stayed unchanged at 3.2 months. Months' supply is the number of months it would take to sell the present inventory of homes at the current sales rate. A balanced market has a supply of six to six and a half months.
Graph depicting the median sale price trend in New York, NY, from 2018 to 2023. The line graph shows two trends: one for New York with prices fluctuating around $800K, indicated in black, and another for the United States overall, with prices around the $400K mark, shown in orange. Source and more details available on Redfin.
Organizer:
Roman Randolph
Clinton Hill, NY
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