18262 Ashton AVE , Detroit, MI 48219
Est. $902/mo with property taxes uncapped · See the breakdown
About this home
Great investment opportunity! This well-maintained, 3-bedroom, 1.5 bath brick bungalow is currently tenant-occupied by a long-term Section 8 tenant of 17 years, offering an excellent opportunity for investors seeking rental income. The property features a spacious living area, comfortable bedrooms, and a full basement with an additional half bath. Current monthly rent is $1,000, with a scheduled increase to $1,200 effective December 1, 2026. A great opportunity to add an established rental property to your investment portfolio!
Monthly payment
The tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $80,000 |
| Beds | 3 |
| Baths | 1 full, 1 half |
| Square feet | 1,134 |
| Type | Single family residence |
| Subdivision | EMERSON MANOR |
| County | Wayne |
| MLS # | 20261086656 |
| Listed | 2026-10-26 |
| Days on market | 0 |
| Year built | 1947 |
| Possession | At closing |
| Stories | 1.5 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Brick & mortar |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W22I075176S |
| Listing office | EXP Realty Main |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $52,993 | about $40,000 |
| Yearly property tax | $8,966 | about $2,567 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $55,100. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-27T03:48+00:00; refreshed at least twice daily.