Skip to content

1 of 23

  • Photo 1 of 20201 GRANDVILLE Avenue

20201 GRANDVILLE Avenue

Detroit, Wayne County

$175,000

3 beds · 1 bath · 1,010 sq ft · House

Request a showing

Tell us when suits you, and a Raven agent will call to set the time.

  • 20201 GRANDVILLE Avenue
Optional
Optional
Optional

By sending this form, I ask Raven Real Estate Group, LLC and its agents to contact me about my request by phone or email.

Year built
1953
Lot
0.14 acres
Annual taxes
$1,371
Garage
0 cars
Days on market
163
MLS number
20261040404
Open in Google Maps

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.

Keep looking in Detroit

Realcomp IDX

Listing courtesy of Keller Williams First · (810) 515-1503

IDX provided courtesy of Realcomp II Ltd. via Raven Real Estate Group, LLC and Realcomp II Ltd, ©2022 Realcomp II Ltd. Shareholders. Updated .

Realcomp IDX

Listings marked with the Realcomp IDX logo are provided through Realcomp II Ltd.'s Internet Data Exchange (IDX). Listings are refreshed from Realcomp every few minutes.

IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed accurate by the MLS.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.