5144 Russell Ln

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🏡 5144 Russell Lane, Greenwood, IN 46143

3 Bed | 2 Bath | 1,416 Sq Ft | 11,761 Sq Ft Lot

💰 Asking: $160,000

📈 ARV: Market Supported

Well-located single-family home in Greenwood offering immediate cash flow and long-term upside.

🔑 Property Overview

• 3 Bedrooms

• 2 Bathrooms

• 1,416 Sq Ft

• Large 11,761 Sq Ft Lot (0.27 acres)

• Attached Parking (assumed)

• Slab Foundation

• Built: 1950 (per records)

🛠 Major System Updates

• Roof approximately 7 years old

• AC approximately 3 years old

Key structural items have already been addressed, reducing near-term CapEx risk.

📊 Investment Highlights

✅ 1-Year Leaseback in Place

• Seller will lease back at buyer’s market rent

• Immediate rental income from day one

• Smooth transition for investors

This structure allows you to secure the property now while generating cash flow, then:

• Continue as a long-term rental

• Retake possession after lease term for flip

• Reposition and refinance

📍 Location Advantage

Located in a strong Greenwood submarket near:

• Shopping and retail

• Schools

• Major roadways and transit access

High-demand area for both resale and rentals.

🎯 Exit Strategies

• Buy & Hold with built-in tenant

• BRRRR strategy

• Flip after leaseback period

Comparable sales in Greenwood support valuation on both a resale and rental basis (detailed comp package available upon request).

📩 Reach out for rent details, leaseback terms, or to submit an offer.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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