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RealT Secondary

15040 Harper Ave, Detroit, MI 48224

🇺🇸 Detroit, MI

⚠️ RealT platform notice: RealT suspended rental distributions to global investors in Feb 2026, and City of Detroit litigation, a court rent-escrow order, and a sale process are underway. The yields, NAV and rent shown below are past data (avg ~2 years old) that RealT stopped updating and do not reflect current income. Only the on-chain market price (YAM) is live.
15040 Harper Ave, Detroit, MI 48224 — photo 1 1 / 12

Total Asset Value

$28,805

$365,040 raised

Price

$4.00 / token 0.0% vs previous fill

-92.1% vs issue price · NAV $40.28 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.23%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

129.62%

assumes frozen rent keeps paying — unreliable

⚠️ Risk signals

✕ 2 ! 0 ✓ 4

red = caution · click to inspect each signal

Cheapest live asks on YAM — prices current; yield uses frozen rent

$5.00 · 24 tokens 103.71%
$11.00 · 10 tokens 47.14%
$11.76 · 4.636 tokens 44.10%

🔔 Watch this property

Get alerted when liquidity drops, a lawsuit is filed, or distributions stop.

Risk check Fully occupied Tax foreclosure risk Blight fines unpaid Minimal flood risk Sellable -92% vs issue

Overview

4/5
Platform
RealT
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

1/9
Sellability
No recent trades
Trades (7d)
Not provided

Chance of selling

ⓘ
42% within 7 days
50% within 30 days

RealT platform average. Measured 2026-07-29: across 754 listings a listing’s own history did not predict its next period — month-to-month swings (27–61%) are larger than the differences between listings.

Executed trades

20 fills

Actual fills on the secondary market, newest first — not open orders. Updated hourly; where a transaction hash exists the date links to the chain.

When Tokens Price Value
Sep 12, 2026 0.15 $24.00 RMM $3.60
Aug 19, 2026 4.3505 $4.00 $17.41
Aug 19, 2026 5.78 $4.00 $23.12
Jul 8, 2026 1.5008 $50.44 RMM $75.70
Jul 7, 2026 0.5 $49.00 RMM $24.50
Jul 7, 2026 0.5 $49.00 RMM $24.50
May 3, 2026 19.6827 $13.00 $255.88
Apr 25, 2026 0.3173 $13.00 $4.12
Apr 22, 2026 1 $22.30 RMM $22.30
Apr 8, 2026 9 $12.68 $114.07
Apr 7, 2026 0.4998 $11.00 $5.50
Mar 31, 2026 1.5003 $11.00 $16.50
Mar 16, 2026 0.3 $16.30 $4.89
Mar 16, 2026 0.1 $16.30 $1.63
Mar 11, 2026 0.25 $14.99 $3.75
Mar 11, 2026 0.5 $13.80 $6.90
Mar 11, 2026 9.282 $12.00 $111.38
Mar 11, 2026 0.718 $12.00 $8.62
Mar 9, 2026 10 $12.27 $122.70
Mar 3, 2026 0.363 $14.20 $5.15

Returns

7/11
Net APY
10.23%
Gross APY
20.53%
Cash-on-cash
10.23%
Gross rent / yr
$74,952.00
Monthly rent
$6,246.00
Net rent / yr
$37,336.80
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 599 fills, oldest first
Metric

interval

Apr 23 $2.00–$78.00 Aug 26

How net yield is calculated

Tenants pay gross rent, but property management (~7%), insurance, property tax, maintenance and the platform fee come out before you’re paid. Net rent is what’s left to distribute — those costs fall on the investor, not the platform. The platform keeps only its listing/trading fee.

Net 50%
Costs 50%
Net rent $37,336.80/yr distributed to holders of $74,952.00 gross rent collected

Valuation

11/17
Current price / token
$4.00 · 4.3505 tokens ($17.41) · Aug 19, 2026
Appraisal NAV
$40.28 · frozen
Premium / discount vs NAV
-90.1% · frozen
Underlying value
$290,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$63,200.00
Median rent (ACS)
$1,130.00
HUD fair market rent
$1,800.00 (12BR · ZIP)
County-implied value (2× assessed)
$314,600.00
Last recorded sale
$40,000.00 (2017-12-19)

Risk

9/16
LTV
Not provided
Occupancy
9/9 units
Vacancy rate (tract)
21.10%
Vacancy rate (county)
12.90%
Income vs county
-31.6%
Income trend
+97.1%
Population trend
+6.5%
County tax standing
SUBJECT TO FORECLOSURE · $38,762.51
Blight tickets
12 tickets · 11 unpaid ($3,685.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
721
Total tokens
7,200
Top holder
8.11%
Top 5
25.14%
Top 10
31.70%
Largest holding
410.87 tokens
Effective holders
54.6
HHI
183.1
Distribution of the top 25 holders and the combined remainder — hover for value & quantity

Read live from Gnosis Chain: every holder's on-chain balance across 721 wallets (issuer/reserve excluded). Higher top-holder share means a single seller can move the price.

Property & Neighborhood

10/13
Address
Not provided
Taxpayer of record
MICHIGAN REALTOKEN VII LLC
Location
Detroit, MI
Country
United States
Property type
Multi-family
Beds / baths
12x1 Bed / 12x1 Bath / Shared kitchen ; 2x1 Bed / 2x1 Bath
Size
4,010 sqft
Year built
1959
Operating since
2023-05-15 (3y 5m in)
Median income (tract)
$40,719.00
Population (tract)
2,886

Off-chain neighborhood data — US Census ACS 5-year (tract 501100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.