20201 GRANDVILLE Avenue
Detroit, MI, 48219
$175,000
3 Beds
1 Baths
1,010 SqFt
0.14 Acres
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$175,000
20201 GRANDVILLE Avenue
Detroit, MI, 48219
MLS #20261040404 image #0
Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

Property Details

Price:
$175,000
MLS #:
20261040404
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Jun 2, 2026
Finished Sq Ft:
1,010
Total Sq Ft:
1,010
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1953
Detroit

Schools

School District:
Detroit

Interior

Appliances
Washer, Refrigerator, Range, Oven, Dryer, Dishwasher
Bathrooms
1 Full Bathroom
Heating
Forced Air

Exterior

Construction Materials
Brick
Exterior Features
Patio, Porch(es)
Stories
1

Financial

Taxes
$1,371
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Current real estate data for Single Family in Detroit as of Nov 04, 2026
3,894
Single Family Listed
139
Avg DOM
84
Avg $ / SqFt
$151,976
Avg List Price

Community

Subdivisions in Detroit

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Property Summary

    20201 GRANDVILLE Avenue Detroit MI is a Single Family for sale in Detroit, MI, 48219. It is listed for $175,000 and features 3 beds, 1 baths, and has approximately 1,010 square feet of living space, and was originally constructed in 1953. The current price per square foot is $173. The average price per square foot for Single Family listings in Detroit is $84. The average listing price for Single Family in Detroit is $151,976.
20201 GRANDVILLE Avenue
Detroit, MI

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