20201 GRANDVILLE Avenue Detroit MI 48219 | MLS #20261040404

20201 GRANDVILLE Avenue
Detroit, MI, 48219
$175,000
3 Beds
1 Baths
1,010 SqFt
0.14 Acres
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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:
SingleFamilyResidence
Subdivision:
EVERGREEN GARDENS SUB PLATS
Neighborhood:
area05032det6to8grnfldtolimits
Listed Date:
Jun 2, 2026
Finished Sq Ft:
1,010
Year Built:
1953
Short SaleRanchArea05032det6to8grnfldtolimitsArea05032det6to8grnfldtolimitsEvergreen Gardens Sub PlatsDetroitPets Allowed

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Schools

School District:
Detroit

Interior

Above Grade Finished Area
1010
Appliances
Dishwasher, Dryer, FreeStandingGasOven, FreeStandingGasRange, FreeStandingRefrigerator, Washer
Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas
Interior Features
HighSpeedInternet
Levels
One

Exterior

Architectural Style
Ranch
Construction Materials
Brick
Exterior Features
Lighting
Parking Features
NoGarage
Patio And Porch Features
Patio, Porch

Financial

Taxes
$1,371

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Single Family in Detroit as of Sep 12, 2026
3,907
Single Family Listed
126
Avg DOM
105
Avg $ / SqFt
$174,306
Avg List Price

Property Summary

    Located in the EVERGREEN GARDENS SUB (PLATS) subdivision, 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 $105. The average listing price for Single Family in Detroit is $174,306. To schedule a showing of MLS#20261040404 at 20201 GRANDVILLE Avenue in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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20201 GRANDVILLE Avenue
Detroit, MI