5575 Oglesby Rd · South Fulton, GA 30349

$179,999

3 bd · 1.0 ba · 950 sqft · SingleFamily public records · 71 Days on market

Built 1956 0.80 ac lot $189/sqft · 9% below area Est $197k · 9% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.7/30.0
• ARV discount +11.4/15.0
• Appreciation +10.0/10.0
• DSCR +5.2/10.0
• 1% rule +5.1/10.0
• Schools +4.5/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

Key facts

• 0.8 acre lot
• Built 1956
• Listed 70 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $113 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.6% in South Fulton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Fulton County (suburban): math 49% / reading 53% proficiency, ranked #12 of 174 in GA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 656 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
• This rent runs 33% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 0.9% rent growth), your $50k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 5y ago; this cycle's ask has dropped $77k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,199 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 7.05%
• Cash-on-cash: 2.70%
• DSCR: 1.12
• GRM: 8.2

CMA / ARV

• ARV (median comp): $197,018
• List price: $179,999
• Delta: -8.64%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 0.95% rent growth · sell at horizon

5-year hold

• IRR: 25.5%
• Equity multiple: 3.02×
• Total profit: $101,650
• Equity at exit: $162,157

10-year hold

• IRR: 21.9%
• Equity multiple: 6.69×
• Total profit: $286,967
• Equity at exit: $349,698

Cash invested: $50,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30349

• Home prices YoY: 4.6%
• Rents YoY: 0.9%
• Active inventory: 656
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,818 high
• Mortgage (P&I): −$944
• Tax from tax record: −$304 /mo · $3,650/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $113

Break-even live

Break-even rent $1,675

Max offer price $179,999

Occupancy floor 89%

Sensitivity live

Price	-10% $215	-5% $164	+0% $113	+5% $62	+10% $11
Rent	-10% $-30	-5% $41	+0% $113	+5% $185	+10% $257
Rate	-1.0pp $204	-0.5pp $159	base $113	+0.5pp $67	+1.0pp $19

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5100 Welcome All Rd SW Atlanta, GA	1.0–3.0	1.0–2.5	1057	$1,600	$1.51	6d	5	0.76mi
4900 Delano Rd Atlanta, GA	1.0–3.0	1.0	915	$1,590	$1.74	45d	7	1.27mi
5740 Buffington Rd Atlanta, GA	1.0–3.0	1.0–2.5	964	$2,181	$2.26	0d	15	1.34mi
4483 Flat Shoals Rd Union City, GA	1.0–2.0	1.0–2.5	957	$1,495	$1.56	45d	1	1.45mi
5750 Buffington Rd Atlanta, GA	1.0–3.0	1.0–2.0	1142	$1,642	$1.44	0d	18	1.46mi

Listing history 50 events

1. 2026-06-21
   days on market $179,999 Active 71 DOM
2. 2026-06-18
   price $179,999 Active 68 DOM
3. 2026-06-18
   days on market $189,999 Active 68 DOM
4. 2026-06-17
   days on market $189,999 Active 67 DOM
5. 2026-06-16
   days on market $189,999 Active 66 DOM
6. 2026-06-15
   days on market $189,999 Active 65 DOM
7. 2026-06-13
   days on market $189,999 Active 63 DOM
8. 2026-06-09
   days on market $189,999 Active 59 DOM
9. 2026-06-08
   days on market $189,999 Active 58 DOM
10. 2026-06-07
    days on market $189,999 Active 57 DOM
11. 2026-06-04
    pricedays on market $189,999 Active 54 DOM
12. 2026-06-03
    days on market $199,950 Active 53 DOM
13. 2026-06-01
    days on market $199,950 Active 51 DOM
14. 2026-05-31
    days on market $199,950 Active 50 DOM
15. 2026-05-18
    price $199,950 572-char remark

    Show marketing remark (572 chars)

    Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

16. 2026-05-18
    price $199,950 572-char remark

    Show marketing remark (572 chars)

    Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

17. 2026-05-05
    price $224,950 572-char remark

    Show marketing remark (572 chars)

    Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

18. 2026-05-05
    price $224,950 572-char remark

    Show marketing remark (572 chars)

    Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

19. 2026-04-10
    listed $257,000 New 572-char remark

    Show marketing remark (572 chars)

    Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

20. 2026-04-10
    listed $257,000 Active 572-char remark

    Show marketing remark (572 chars)

    Welcome to this well-located property in the heart of South Fulton, offering convenient access to major highways, shopping, and dining. This home presents an excellent opportunity for both homeowners and investors alike, with strong potential and flexibility to make it your own. Situated on a generous lot in an established area, the property provides a peaceful residential setting while still being just minutes from city conveniences. Whether you're looking to renovate, expand, or add to your investment portfolio, this home delivers a solid foundation to build upon.

21. 2026-03-28
    listed $262,000 Active
22. 2024-11-06
    historical $1,360
23. 2024-11-04
    price $1,360
24. 2024-10-29
    price $1,365
25. 2024-10-21
    price $1,395
26. 2024-10-07
    price $1,430
27. 2024-09-30
    price $1,460
28. 2024-09-25
    price $1,495
29. 2024-09-17
    price $1,570
30. 2024-09-04
    listed $1,600
31. 2022-07-21
    soldstatus $193,000
32. 2022-07-19
    soldstatus $193,000 Closed
33. 2022-07-19
    soldstatus $195,000 Sold
34. 2022-06-24
    status Pending
35. 2022-05-01
    status Pending
36. 2022-05-01
    status Under Contract
37. 2022-04-19
    listed $189,000 Active
38. 2022-04-19
    listed $189,000 New
39. 2022-03-02
    soldstatus $115,000
40. 2022-02-25
    soldstatus $115,000 Closed
41. 2022-02-25
    soldstatus $115,000 Sold
42. 2022-02-22
    status Pending
43. 2022-02-15
    historical Active Under Contract
44. 2022-02-15
    status Under Contract
45. 2022-02-08
    status Active
46. 2022-02-08
    price $125,000
47. 2022-02-07
    price $125,000
48. 2022-02-05
    historical
49. 2022-02-05
    status Active
50. 2022-01-25
    status Pending

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $3,650 · $304/mo
• Projected year-2 tax: $3,650 · $304/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,819
• − Mortgage interest: −$10,083
• − Property taxes: −$3,650
• − Insurance: −$900
• − Repairs & maintenance: −$1,746
• − Management: −$1,746
• − Depreciation: −$5,236
• Taxable loss: −$1,541
• Est. tax savings @ 24.0%: +$370
• After-tax cash flow: $1,730/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fulton County
• NCES district ID: 1302280
• Math proficiency: 49% ▼ -2.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $68,035
• Composite: 45.33/100
• National rank: #2640
• State rank: #12 of 174 in GA

Livability — South Fulton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: South Fulton, GA
• County: Fulton County · 1,094,430 people
• City population: 127,674
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 79,872
• Household income: $67,023
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 4258.0

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 1,203,707 people
• By 2030: 1,299,706 · +8.0%
• By 2040: 1,488,256 · +23.6%
• By 2050: 1,664,580 · +38.3%
• By 2075: 2,036,072 · +69.2%
• By 2100: 2,222,402 · +84.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 4% White 3%
• Foreign-born: 9% · Canada
• Languages at home: 88% English-only · Spanish 6% French/Haitian/Cajun 1%

Political lean MEDSL · Fulton

• 2024 margin: Solid D (+44.9) · D 71.9% · R 27.0% · Other 1.1%
• 2008→2024 swing: +9.8pp toward D · 2008: 35.0pp · 2024: 44.9pp
• All cycles: 2024: D+44.9 2020: D+46.4 2016: D+42.1 2012: D+29.6 2008: D+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.01%
• Current HPI: 407.99
• Rent YoY: ▲ 0.95%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+322.7% since first listed

47 events — show timeline

• 2026-05-18 Price Changed $199,950 GAMLS
• 2026-05-18 Price Changed $199,950 FMLS
• 2026-05-05 Price Changed $224,950 GAMLS
• 2026-05-05 Price Changed $224,950 FMLS
• 2026-04-10 Listed $257,000 FMLS
• 2026-04-10 Listed $257,000 GAMLS
• 2026-03-28 Listed $262,000 FMLS
• 2024-11-06 Rental Removed $1,360 RENT.
• 2024-11-04 Price Changed $1,360 RENT.
• 2024-10-29 Price Changed $1,365 RENT.
• 2024-10-21 Price Changed $1,395 RENT.
• 2024-10-07 Price Changed $1,430 RENT.
• 2024-09-30 Price Changed $1,460 RENT.
• 2024-09-25 Price Changed $1,495 RENT.
• 2024-09-17 Price Changed $1,570 RENT.
• 2024-09-04 Listed for Rent $1,600 RENT.
• 2022-07-21 Sold (Public Records) $193,000 Public Records
• 2022-07-19 Sold (MLS) $195,000 GAMLS
• 2022-07-19 Sold (MLS) $193,000 FMLS
• 2022-06-24 Pending — FMLS
• 2022-05-01 Pending — FMLS
• 2022-05-01 Pending — GAMLS
• 2022-04-19 Listed $189,000 GAMLS
• 2022-04-19 Listed $189,000 FMLS
• 2022-03-02 Sold (Public Records) $115,000 Public Records
• 2022-02-25 Sold (MLS) $115,000 GAMLS
• 2022-02-25 Sold (MLS) $115,000 FMLS
• 2022-02-22 Pending — FMLS
• 2022-02-15 Contingent — FMLS
• 2022-02-15 Pending — GAMLS
• 2022-02-08 Relisted — GAMLS
• 2022-02-08 Price Changed $125,000 GAMLS
• 2022-02-07 Price Changed $125,000 FMLS
• 2022-02-05 Listing Removed — GAMLS
• 2022-02-05 Relisted — FMLS
• 2022-01-25 Pending — FMLS
• 2022-01-25 Pending — GAMLS
• 2021-12-16 Listed $145,000 GAMLS
• 2021-12-16 Listed $145,000 FMLS
• 2010-03-04 Listing Removed — FMLS
• 2010-02-25 Pending — FMLS
• 2010-02-17 Sold (MLS) $9,500 FMLS
• 2010-02-03 Listing Removed — FMLS
• 2010-01-07 Price Changed $10,000 GAMLS
• 2010-01-06 Price Changed $10,000 FMLS
• 1995-09-07 Sold (Public Records) $48,000 Public Records
• 1989-12-19 Sold (Public Records) $47,300 Public Records

Property tax history

+16.6%/yr

Latest (2025): $3,650 · -6.6% YoY. Source: county tax records.