$175,000 for Sale
20201 grandville avenue, detroit, MI 48219
| Beds 3 | Baths 1 | 1,010 Sqft | 0.14 Acres |
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Property Description
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.
General Information
Sale Price: $175,000
Price/SqFt: $173
Status: Active
MLS#: rcomi20261040404
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: evergreen gardens sub (plats)
Acres: 0.14
Lot Dimensions: 46.00 x 135.00
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 1,010 sq.ft.
Acreage: 0.14 est.
Year Built: 1953
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: No Garage
Construction: Brick
Exterior: Brick
Exterior Misc: Lighting
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Appliances: Dishwasher,Dryer,Free-Standing Gas Oven,Free-Standing Gas Range,Free-Standing Refrigerator,Washer
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,222
Est. Winter Taxes: $149
Legal Description: W GRANDVILLE 432 AND E 9 FT OF VAC ALLEY ADJ EVERGREEN GARDENS SUB L59 P92 PLATS, W C R 22/613 46.07 X 135

IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders
Listing By: Anuj Chand of Keller Williams First, Phone: (810) 515-1503