20201 Grandville Ave, Detroit, MI, 48219
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 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.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1953
Materials
- Foundation: Basement,Brick Mortar,Poured
- Construction materials: Brick
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Free Standing Gas Oven,Free Standing Gas Range,Free Standing Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Bedroom
- Level: Entry
- Area: 110
- Dimensions: 10 X 11
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- High Speed Internet
- Finished area above ground: 1,010
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 1,010 sqft
Kitchen
- Level: Entry
- Area: 108
- Dimensions: 9 X 12
Living Room
- Level: Entry
- Area: 272
- Dimensions: 16 X 17
Other
- Level: Entry
Primary Bedroom
- Level: Entry
- Area: 120
- Dimensions: 10 X 12
Property
Details
- Parcel number: W22I088569C70
- Special condition: Short Sale No,Standard
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevelwSteps
- Pool features: None
- Patio & porch: Patio,Porch
- Exterior features: Lighting
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 46.00 x 135.00
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $783 | $9,396 |
| Home Insurance * | $339 | $4,068 |
| Property Taxes | $189 | $2,268 |
| Electricity | $188 | $2,259 |
| Total | $1,499 | $17,988 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Price change | $175,000 |
| 2026-07-28 | Price change | $155,000 |
| 2026-06-29 | Price change | $160,000 |
| 2026-06-19 | Price change | $170,000 |
| 2026-06-02 | Listed for sale | $180,000 |
| 2025-09-24 | Listing removed | $185,000 |
| 2025-06-07 | Listed for sale | $185,000 |
| 2025-06-03 | Listing removed | $1,700 |
| 2025-05-22 | Listed for rent | $1,700 |
| 2025-05-22 | Listing removed | $1,700 |
| 2025-04-28 | Listing removed | $149,999 |
| 2025-03-31 | Listed for rent | $1,700 |
| 2025-01-30 | Price change | $149,999 |
| 2025-01-10 | Price change | $159,999 |
| 2025-01-08 | Listed for sale | $180,000 |
| 2024-12-09 | Sold | $56,500 |
| 2024-09-13 | Listing removed | $1,800 |
| 2024-08-29 | Price change | $1,800 |
| 2024-08-17 | Listed for rent | $2,000 |
| 2021-02-04 | Listing removed | -- |
| 2021-01-12 | Pending sale | $40,000 |
| 2021-01-12 | Listed for sale | $40,000 |
| 2020-12-07 | Pending sale | $40,000 |
| 2020-12-01 | Listed for sale | $40,000 |
| 2016-01-31 | Listing removed | $25,000 |
| 2015-11-02 | Listed for sale | $25,000 |
| 2012-01-13 | Sold | $5,926 |
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