8451 Magnolia Drive, Jonesboro, GA 30238

$255,000

bedrooms

bathrooms

square feet

1,851

Acreage

0.2583

Open Houses

year built

1971

Full Baths

Half Baths

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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.

Location
Subdivision	Markland
County	Clayton - GA
Elementary School	Lee Street
Middle School	Jonesboro
High School	Jonesboro

Driving directions

Open houses

None scheduled.

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MLS number: 7569651

Listing agent: Caitlyn Verdugo

Listing broker: Keller Williams Realty Metro Atlanta (404) 564-5560

Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Thursday, May 1 2025 at 11:56 a.m. EDT

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