20201 Grandville Ave, Detroit, MI 48219
- $175,000
- 3
- BD
- 1
- BA
- 1,010
- SqFt
- List Price
- $175,000
- MLS#
- 20261040404
- Status
- ACTIVE
- Bedrooms
- 3
- Bathrooms
- 1
- Total Square Footage
- 1,010
- Subdivision
- EVERGREEN GARDENS SUB (PLATS)
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.
Additional Information
- Year Built
- 1953
- Basement Type
- Full, Unfinished
- Foundation
- Basement, Brick/Mortar, Poured Concrete
- Acres
- 0.14
- Style
- Ranch
- Acres
- 0.14
- School District
- Detroit
- Interior Features
- High Speed Internet
- Appliances
- Dishwasher, Dryer, Gas Oven, Gas Range, Refrigerator, Washer
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Lighting
- Garage Description
- None
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