18419 Margareta ST , Detroit, MI 48219
Est. $743/mo with current taxes · · See the breakdown
About this home
Cash Flow Opportunity Investment Property! Well-maintained brick home located in a tree-lined street in Detroit. This spacious home features a one car garage, 3 bedrooms, 1.5 bathrooms, and is occupied by a long-term tenant, providing immediate, dependable income. The current tenant pays $950 per month ($11,400 annually). Take advantage of this strong-performing income property with reliable cash flow from day one. Do not disturb the tenants. Property is being sold AS IS. Offers must include the following documents to prevent any delays in presenting your offer. Submit with offer your Disclosure Regarding Agency, Seller's Disclosure Statement, LBP Disclosure and Pre-Approval or Proof of Funds. NO SHOWINGS UNTIL AN OFFER HAS BEEN ACCEPTED. MAKE OFFER CONTINGENT ON A PRIVATE INSPECTION.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped 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 | $50,000 |
| Beds | 3 |
| Baths | 1 full, 1 half |
| Square feet | 857 |
| Type | Single family residence |
| Subdivision | BROOKLINE 3 |
| County | Wayne |
| MLS # | 20261087918 |
| Listed | 2026-10-30 |
| Days on market | 1 |
| Year built | 1941 |
| Possession | Subject to tenant's rights |
| Stories | 1 story |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W22I015612S |
| Listing office | RE/MAX Leading Edge |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $32,129 | about $25,000 |
| Yearly property tax | $2,857 | about $1,605 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $44,400. 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 2026-10-31T09:44+00:00; refreshed at least twice daily.