Making my family's dream home a reality.

Silvia Wiggins
is organizing this fundraiser.
337 Lincoln Rd APT 4L, Brooklyn, NY 11225
Created
December 28, 2022 1:47 PM
Household Change
$330,000
raised of goal
$825,000
66
Investors
Join the Waitlist
Monthly Residency Payment:
5341
Initial Investment:
Price Per Share:
Total Shares:
10000
Silvia Wiggins

Ever since I was a young girl, I knew I wanted to settle down, build something that would last, and make myself a home. I knew that one day I wanted a family, but I always thought to have a family, I had to have a home. Unfortunately, not just any house would do. I needed a place that could handle the demands of a growing family, with all the noise and chaos that comes with kids. 

I remember feeling overwhelmed by the thought of it all - the decision, the process, the timing. I may be making the wrong decision. I didn't want to rush into anything, but I also wanted to get started. 

That's when I stumbled upon homefundme. Homefundme was a way for me to start investing in real estate with a limited investment and build equity in the real estate market over the years. I could pick the property, choose who I wanted to invest with, and manage the property entirely on my own. I could do all this without getting a loan. 

I decided I wanted to take the leap. I wanted to invest in my dream home and build the life I had dreamed of for so long. 

I'm reaching out to you because I'm hoping you can help. I'm not just asking for money. I'm offering you the opportunity to be part of something special. I'm inviting you to join me in my journey and be part of the team that helps make this dream home a reality. I'm giving you a chance to earn a return on the investment with net rental income and property value appreciation. 

This isn't just my home. This is our home. It's not just my dream. It's our dream. And together, we can make this dream come true. If it goes well, I'll start looking for another home to invest in!

Features:

This bright 3-bed/2-bath condo at 337 Lincoln Road is a rare find on a tree lined street in Prospect Lefferts Gardens.

Its expansive and recent renovations include beautiful new floors throughout the unit with all the space you need.

The primary suite has a brand new bathroom that includes a bidet, deluxe shower system with multiple shower heads and wand, while the bedroom hosts synchronized closets and a sunny bench seat in the window, great for your morning coffee.

The Great Room flows from a windowed kitchen equipped with a Samsung dishwasher and new appliances followed by the dining area and eventually to the large living space - perfect for entertaining! The other side of this floor-through unit has a new Samsung washer/dryer, a second brand new full bathroom with bidet, and the spacious second and third bedrooms.

This unit also comes with its own large, private storage room. Relish in the privacy of the top floor, just 3 flights up. The building is pet friendly, has bike parking, and generous sized shared outdoor space/garden, making this condo a true gem.

Total Investment Value
Home Cash Price
825000
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
5341
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:
Silvia Wiggins
Lefferts Gardens, NY
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