Help us Get the home of our dreams

Rebekah McNeil
is organizing this fundraiser.
876 Macon St APT 3B, Brooklyn, NY 11233
Created
December 21, 2022 4:12 PM
Household Change
$372,000
raised of goal
$465,000
74
Investors
Join the Waitlist
Monthly Residency Payment:
3169
Initial Investment:
Price Per Share:
Total Shares:
10000
Rebekah McNeil

I have always wanted to live with a partner, but we all know that comes with many responsibilities, especially financial ones. We want to buy a home jointly and share the financial burden, but I'm scared of the risk joint loans bring. The pressure to buy a home has become overwhelming and makes me anxious.

That's why I am so thankful to HomeFundMe, which provides me with a way to invest in my dream home without worrying about getting a loan. HomeFundMe allows me to start with a limited investment yet still help me build equity in the real estate market in the years to come.

With HomeFundMe, I can start investing in my dream home, and with your support, I can do even more to change my life. By pooling our collective money, we will improve our net rental income and property value appreciation prospects.

The homeownership journey I have begun does not have to be filled with anxiety and fear; it can be a rewarding and positive experience. I have faith that I have come to the right place, HomeFundMe, to help me turn my dreams into a reality. Please join me on this adventure and let us purchase our dream home together!

Features:

Look no further! Step into this sun-filled boutique 2-bedroom condominium that has everything you need and immediately you feel at home. When you look out the primary bedroom windows, the beautiful foliage has a tranquil rural feeling within an urban setting. Further, the primary bedroom has a large closet, with additional storage space on top. Both outsized bedrooms can easily accommodate queen-size beds and supplementary furnishings.

There is a contemporary kitchen that includes great cooking space for all you chefs out there. Traverse from the kitchen into the dining area and you are in a spacious and welcoming living room. Additional features include: high ceilings, Brazilian Cherry hardwood floors, windows in every room and in-unit washer and dryer. Very close proximity to the J train, which will have you in the city in 20 minutes.

Total Investment Value
Home Cash Price
465000
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
3169
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:
Rebekah McNeil
Bedford–Stuyvesant, NY
User icon
Mary Anderson
$500
1/24/2023 6:30 AM
Outstanding opportunity to fund don't miss out on this one.
User icon
John Smith
$100
1/24/2023 6:30 AM
Great location and well-maintained property, a solid investment opportunity.
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