12/10/2026
Higher total rental income can help offset elevated debt costs, allowing some deals to cash flow where traditional SFR economics may not. See how transforms property returns here: https://link.padsplit.com/ken.
One property owner invested $18,000 to convert a 5-bedroom rental into a 7-bedroom PadSplit coliving home. The result was $52,438 in annual NOI compared to $13,031 with traditional renting-generating an additional $39,407 in annual NOI.
The simple payback period on the entire renovation investment was just 5.5 months. By converting one rent check into multiple rent streams, the owner increased gross revenue and NOI potential while reducing reliance on a single tenant for 100% of the property's income.
Become a PadSplit host and maximize your rental income. Turn your property into a coliving space, support affordable housing, and grow your earnings.