Property
Beds
9
Full Baths
3
1/2 Baths
None
Year Built
1974
Sq.Footage
1,974
Eureka! You've found the ultimate cash-flowing rental. This expanded split-level PadSplit coliving home generates over $5,500 per month in gross rental income ($66,000+ per year). This investment offers a unique combination of cash flow and turnkey management. After expenses the CAP rate is over 16% and 34% cash-on-cash ROI. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-75 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow of typical rental properties. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI.
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
3
-
Above Grade Finished Area
1974.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Main Level Bedrooms
6
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Wood Siding, Brick
-
Parking
Off Street
-
Patio and Porch Features
Porch, Screened
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.344
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Brick 4 Side, Traditional
Price
-
Sales Price
$244,000
-
Tax Amount
$2,237
-
Sq. Footage
1, 974
-
Price/SqFt
$123
HOA
-
Association
No
School District
-
Elementary School
Church Street
-
Middle School
Riverdale
-
High School
Riverdale
Property Features
-
Sewer
Public Sewer
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Location
County
Clayton
Elementary School
Church Street
Middle School
Riverdale
High School
Riverdale
Listing Courtesy of None
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