Address
20201 Grandville Avenue, Detroit, MI
Price
$ 175,000
Property Attributes
- ID#60998270
- TypeSingle Family
- Listing Status Active
- CountyWAYNE
- CityDetroit
- AreaDetroit
- NeighborhoodEvergreen Gardens Sub
- Zip48219
- StyleRanch
- Year Built1953
- Taxes$ 1371
- Price$ 175,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1010
- Lot Size0.14 Acres
Data Source:
MiRealSource (MIRS)
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.
| Price History | |
|---|---|
| 6/2/2026 | Listed $180,000 |
| 6/19/2026 | 6$170,000 |
| 6/29/2026 | 6$160,000 |
| 7/28/2026 | 4$155,000 |
General Features
| Heating | Forced Air |
|---|---|
| Kitchen Level | Entry |
| Possession | Subject To Tenant Rights |
| Water | Public Water |
| Appliances | Dishwasher,Dryer,Range/Oven,Refrigerator,Washer |
| Status | Active |
| Full Baths | 1 |
| Bathrooms | 1 |
| Year Built | 1953 |
| Pets Allowed | Yes |
| Subdivision | EVERGREEN GARDENS SUB (PLATS) |
| Water Heater | Gas |
| Style | Ranch |
| County | Wayne |
| Class | RESIDENTIAL |
| Type | Single Family |
| Ownership | Private |
| Associated Document Count | 3 |
| Status | Active |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Manufactured Y/N | No |
| Structure Style | 1 Story |
| Subj to Short Sale Apprvl | No |
| Home Warranty Y/N | No |
| Area | Detroit (82001) |
| Primary City | Detroit |
| Directions | W 8 MILE RD TO GRANDVILLE,3 BLOCKS SOUTH OF 8 MILE |
| City | Detroit |
| School District | Detroit City School District |
| Lease Y/N | No |
| Originating MLS | RealComp |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Conventional,FHA,VA |
| 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 |
| DOM | 107 |
| Postal Code | 48219 |
| Price Per Sq Ft Total AG | 173.27 |
| Public Remarks | Currently rented at $2,700/month through May 2027,this strong cash-flow property offers investors immediate income,lease stability |
Interior Features
| Interior Amenities | DSL Available |
|---|---|
| Living Room Level | Entry |
| Basement | Unfinished |
| Bedroom 3 Level | Entry |
| Bedroom 1 Level | Entry |
| Bedroom 2 Level | Entry |
| Kitchen Length | 9 |
| Living Room Length | 16 |
| Bedroom 2 Width | 10 |
| Bedroom 3 Width | 11 |
| Bedroom 2 Length | 10 |
| Living Room Width | 17 |
| Bedroom 3 Length | 10 |
| Kitchen Width | 12 |
| Beds | 3 |
| Fireplace? | No |
| Total Rooms | 6 |
| Bedroom 1 Length | 10 |
| Bedroom 1 Width | 12 |
| Below Grade SqFt | 984 |
| Above Grade SqFt | 1010 |
| Basement Y/N | Yes |
| Total SqFt Finished | 1010 |
Exterior Features
| Exterior | Brick |
|---|---|
| Exterior Amenities | Patio,Porch |
| Frontage | 46 |
| Lot Size Area | 0.14 |
| Pool (Y/N) | No |
| Lot Dimensions | 46.00 x 135.00 |
| Roads | Paved Street |
| FOUNDATION TYPE | Basement |
| Waterfront Y/N | No |
| Garage Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48219
Price
Taxes
Year Built
Visits
IDX provided courtesy of Realcomp II Ltd., via Tina Pichette Team and The Originating MLS(found above), © 2026 Realcomp II Ltd. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
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