3927 Wabash Ln — 8-Bed Income Property, Priced to Sell

Flip it. BRRRR it. Or just cash the checks.

3927 Wabash Ln, Ellenwood. Eight furnished rooms already renting for $3,200+ a month, listed at $210K with ARVs in the low $300s. Needs minor TLC, and it's priced for exactly that.

$210,000

$118/sqft · $26,250/door

Beds / Baths

8 / 2

Current rent

$3,200+/mo

Trailing 12 mo

$38,500+

ARV

Low $300s

Income from day one. Options from day two.

A furnished, operating co-living rental doing over $3,200 a month, with $38,500+ collected in the past year. Professionally managed on PadSplit under one month-to-month lease: rent is direct deposited, management transfers at closing, and the short lease means a new owner can change course anytime. Hands-off from day one.

Rooms are under market. Reposition and pro forma returns run north of a 12% cap, with 24%+ cash-on-cash managed and 30%+ self-managed. Or skip the landlording entirely: with ARVs in the low $300s, this pencils as a flip or BRRRR at a basis you don't see on income-producing product.

Inside: vaulted ceilings, updated kitchen with granite and white cabinets, updated bathrooms, LVP throughout, dedicated laundry. Outside: wide driveway with abundant parking and a large, level, tree-framed backyard on 0.38 acres. Sold as-is. Pro forma and full financials on request.

New to co-living / PadSplit?

Quick version: PadSplit master-leases the whole home through a single LLC tenant, then fills the 8 furnished rooms with individual members who each pay for their room. That's how a 1,782 sqft house produces $3,200+ a month, with room to grow, while the owner holds one lease and collects one direct deposit. Not interested in being a landlord? The lease is month-to-month, so buy it as a straight flip.

What's a BRRRR?

Buy, Rehab, Rent, Refinance, Repeat. You buy below market, renovate, rent it out, then refinance at the new higher value to pull most of your cash back out. You keep the house and the cash flow, and your capital moves on to the next deal. Run your own numbers in the calculator below.

Play 01

Hold as-is

Keep the residents, the professional management, and the direct-deposit rent. Cash flows at list with zero work.

Play 02

Reposition

Minor TLC, bring the eight rooms to market rates, run it at a double-digit cap.

Play 03

Flip or BRRRR

No landlording, no platform. The month-to-month master lease means you can transition fast: renovate and resell into low-$300s ARVs, or refi at 75% LTV.

Take the walkthrough. — swipe →

Front exterior with long driveway and crepe myrtle in bloom — Front · wide driveway

Angled front view of the home with mature shade tree — Front · corner view

Galley kitchen with granite counters and black appliances — Kitchen · granite + LVP

Kitchen with gas range, microwave, and refrigerator — Kitchen · gas range

Kitchen counter run with double sink and fire extinguisher — Kitchen · counter run

Bedroom with stone fireplace and private exterior door — Room · fireplace + entry

Bedroom with high ceiling and bed frame — Room · vaulted

Bedroom with window and bed frame — Room · window

Bedroom with warm yellow walls and window — Room · corner light

Updated full bathroom with tub-shower and vanity — Bath 1 · updated

Second full bathroom with vanity and toilet — Bath 2 · updated

Dedicated laundry room with washer and dryer — Dedicated laundry

Large level backyard framed by mature trees — Backyard · level + private

Rear exterior of home with back entry — Rear elevation

Rear exterior with chimney and side yard — Rear · chimney side

Underwrite it yourself, right here.

Pick a strategy, drag the sliders, watch the returns move. Estimates only. The full pro forma is one quick form away.

Purchase price $210,000

Monthly rent $3,209

Operating expenses 59%

Total ROI—

Cap rate—

Cash flow / mo—

Cash-on-cash—

NOI / yr—

Based on actuals: 30% down, 6.75% / 30-yr, 3% closing, no initial repairs. Total ROI = cash flow + appreciation (3%/yr avg) + depreciation savings (24% bracket) + principal paydown. Illustrative only, not a guarantee of performance.

Property facts

Address3927 Wabash Ln, Ellenwood GA

List price$210,000

Beds / Baths8 / 2 full

Sq ft1,782

Lot0.38 acres, level

Built1985 · one level

HOANone

Taxes (2025)$4,252/yr

UtilitiesPublic water + sewer

Sale termsAs-is

ManagementProfessional · transfers with sale

LeasesOne tenant (PadSplit LLC) · month-to-month

Interested? Want a showing?

Send an inquiry and Josh will get right back to you with the pro forma, answers, or a showing time. This one is priced to move, so move.