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20201 Grandville, Detroit, MI 48219

Detroit
Local realty services provided by:CENTURY 21 Realty North
20201 Grandville,Detroit, MI 48219
$175,000
  • 3 Beds
  • 1 Baths
  • 1,010 sq. ft.
  • Single family
  • Active
Listed by: anuj chand
Office: keller williams first
MLS#:60998270
Source:MI_REALSOURCE

Price summary

  • Price:$175,000
  • Price per sq. ft.:$173.27

About this home

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...

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Home facts

  • Year built:1953
  • Subdivision & Development:EVERGREEN GARDENS SUB (PLATS)
  • Listing ID #:60998270
  • Added:149 day(s) ago
  • Updated:October 30, 2026 at 10:40 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:6
  • Kitchen Description:Dishwasher, On Entry Level, Range/Oven, Refrigerator
  • Bedroom Description:Bedroom 1 on Entry Level, Bedroom 2 on Entry Level, Bedroom 3 on Entry Level
  • Basement Description:Unfinished
  • Living area:1,010 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1953
  • Building area:1,010 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Ranch
  • Construction Materials:Brick
  • Exterior Features:Patio, Porch
  • Foundation Description:Basement
  • Levels:1 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$175,000
  • Price per sq. ft.:$173.27
  • Tax amount:$1,371

Features and amenities

  • Appliances:Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:DSL Available
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