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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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20201 Grandville Ave , Detroit, MI 48219
$175,000
Est. Payment: $388.89/mo
3 Bed
1 Bath
1010 Sqft
Status: Active | Days on site: 107
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408710 - 377512
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House 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.

Highlights

Listed by Anuj Chand , 810-908-6470 Keller Williams First , 810-515-1503.

Property Type

Residential

Lot/Acreage
0.14

Year Built

1953

County

Wayne

School District

Detroit

Listing ID

20261040404

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Washer, Refrigerator, Range, Oven, Dryer, Dishwasher
Other:
  • Additional:Master on Main
Water:Public

Exterior Features

Others:
  • Additional:Patio, Porch(es)
Sewer:Public
Principal Interest
$389
Taxes
$114

Home Price

$175,000

Loan Details

30 yrs
%

Down Payment

20%
$35,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $388.89 $114.25 $0.00 $503.14
Yearly $4,666.67 $1,371.00 $0.00 $6,037.67
Total $140,000.00 $41,130.00 $0.00 $181,130.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.