1. Georgia
  2. Jonesboro
  3. 8451 Magnolia Drive
$255,000

8451 Magnolia Drive, Jonesboro, GA 30238

  • 8 beds |
  • 2 baths |
  • 1,851 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $138/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Magnolia Drive is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out-we'd be happy to walk you through it.

Listing Status:
Pending
Date Added:
May 1, 2025 at 05:00AM
Listing Office:
Keller Williams Realty : 404-564-5560
Listing Agent:
Caitlyn : 714-408-5496
MLS ID:
10511216

This listing courtesy of Caitlyn, Keller Williams Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lee Street Elementary School

178 Lee St, Jonesboro, GA, 30236

Grades PK-5

0.72 miles away

J

Jonesboro Middle School

1308 Arnold St, Jonesboro, GA, 30236

Grades 6-8

1.23 miles away

J

Jonesboro High School

7728 Mount Zion Blvd, Jonesboro, GA, 30236

Grades 9-12

1.91 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.