20201 GRANDVILLE Avenue, Detroit, Michigan 48219

$175,000

Property Details

MLS#: 20261040404
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,010
Price per Sqft: $173
Lot Size: 0.14 acres
Year Built: 1953
Property Type: Residential
Status: Active
Days on Market: 96

Market Analysis

Estimated Value (CMA): $57,570
Area Avg Price/Sqft: $72
This Property: $173/sqft ($101 above area average)
Price Position: +141.0% vs comparable homes
Comparable Properties Analyzed: 6

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.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 20201 GRANDVILLE Avenue?

20201 GRANDVILLE Avenue is listed at $175,000, or $173 per square foot.

How many bedrooms does 20201 GRANDVILLE Avenue have?

This property has 3 bedrooms and 1 bathrooms, with 1,010 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 484-4696

Email: info@sonicrealty.com

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