Most landlords are happy making $300/month on a single-family rental.
On this Tampa 3 bed / 2 bath, I used the PadSplit room-by-room strategy to turn that into roughly $2,500/month NET—and created 7 affordable rooms in the process.
If you’re still renting your 3/2 to one family, you’re probably leaving thousands of dollars a month on the table.
📖 The PadSplit Case Study
In this whiteboard session, I break down a real PadSplit conversion on a house I own in Tampa, Florida:
-Originally a 3 bed / 2 bath, ~1,600 sq ft SFH with a 1-car garage
-Rented for $2,500/month as a traditional long-term rental
-PITI payment was about $2,200/month, leaving roughly $300/month in cashflow
I love Tampa long-term—appreciation + tax benefits—but I asked:
“Why not keep all of that and actually cashflow?”
So we executed the PadSplit room-by-room strategy:
-Split a large open living room (with big windows on both sides) into two compliant bedrooms with egress
-Converted the single-car garage into a premium room
-Turned the Florida room into another bedroom by adding a mini-split
-Reworked access to the master bathroom so everyone could use it
End result: the same house became a 7 bed / 2 bath co-living / PadSplit property.
Room pricing ended up around:
-Base rooms at $219/week
-Large conversion premium room at $259/week
-Florida room premium at $239/week
Total: about $1,593/week in gross room rent → ~$6,850/month.
After PadSplit’s 8% fee, utilities, maintenance, CapEx, etc., the realistic net is closer to $2,500/month, compared to $300/month under the traditional model.
So:
-Traditional rental ≈ $300/month net
-PadSplit co-living ≈ $2,500/month net
At the same time, seven residents get:
-Affordable housing
-WiFi + utilities included
-On-call maintenance & management
-Credit-building via on-time payments
That’s the win–win–win:
Affordable rooms for working people,
3x+ gross revenue for the investor,
And a solution to the housing affordability crisis in markets like Tampa.
If this PadSplit case study opened your eyes to what’s possible with room-by-room rentals, here’s what to do next
Subscribe to the channel:
-More PadSplit & co-living strategies
-Deep dives on subject-to, seller finance, and Hybrid “price with terms” deals
-Real Tampa Bay case studies
➡️Watch the original PadSplit Strategy video:
-I break down the full model before this case study
-You’ll understand exactly when and where this strategy makes sense
📍Drop a comment below:
-Tell me: “Are you going to try this in your market?”
-Ask your questions about the numbers, layout, or platform
Become a future client/partner of HouseAble
🤝Agents, wholesalers, bird dogs: bring us SFHs that might work as PadSplit / co-living conversions
🚀Investors: follow along, and when you’re ready to build or partner on affordable housing + high-cashflow projects, reach out
At HouseAble, our mission is to bring back the American dream for the middle and lower class using creative finance and smart exit strategies—without waiting for big banks to save the day.
0:00 – Whiteboard Intro: PadSplit Strategy & Today’s Market
0:24 – PadSplit Strategy Overview & Link to Previous Video
0:57 – Tampa 3/2 Case Study: Original Long-Term Rental Numbers ($2,500 vs $2,200 PITI)
1:35 – Why $300/Month Cashflow Isn’t Enough & Belief in Tampa Appreciation
1:59 – Converting Living Room, Garage & Florida Room Into Extra Bedrooms
2:39 – Creating a 7 Bed / 2 Bath Co-Living / PadSplit Layout
2:50 – Premium Rooms & Weekly Rates: $219, $239, $259 Per Week
3:34 – Total Weekly PadSplit Revenue: $1,593/Week Math Breakdown
3:36 – Converting Weekly PadSplit Income to Monthly: ≈ $6,850/Month vs $2,500
4:52 – Net PadSplit Cashflow vs Traditional Rental: $300 vs ≈ $2,500/Month
5:08 – Tenant Benefits: Affordable Rooms, WiFi, Credit Building, Walkable Location
5:39 – How PadSplit Works: Platform, 8% Fee, Marketing & Screening
6:53 – Final Net Numbers After Expenses & Why This Beats a Normal Rental
7:02 – Win–Win–Win: Investor Cashflow + Affordable Housing for Seven Residents
7:23 – Mission: Bringing Back the American Dream With Creative Strategies
7:47 – Call to Action: Comment If You’ll Use This Strategy, Like & Subscribe
#tamparealestate #floridarealestate #roombyroom #sharedhousing #highcashflow #rentalproperty #realestateinvestor #cashflowstrategy #houseable #dominglese
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