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RealT Secondary

11924 Payton St, 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.
11924 Payton St, Detroit, MI 48224 — photo 1 1 / 3

Total Asset Value

$17,500

$88,025 raised

Price

$10.00 / token 0.0% vs previous fill

-80.1% vs issue price · NAV $37.14 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.08%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

45.67%

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

$10.00 · 3.539325 tokens 45.67%
$10.41 · 1 tokens 43.87%
$14.29 · 0.176 tokens 31.96%

🔔 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 -80% vs issue

Overview

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

Exit & Liquidity

2/9
Sellability
Traded recently
Trades (7d)
0 fills

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
8d ago 0.01 $10.00 $0.10
10d ago 0.4507 $10.00 $4.51
Jul 31, 2026 0.5782 $14.50 $8.38
May 4, 2026 0.05 $11.39 $0.57
Apr 16, 2026 0.3 $10.88 $3.26
Apr 7, 2026 0.3193 $10.00 $3.19
Apr 7, 2026 0.0869 $10.00 $0.87
Apr 1, 2026 0.5 $10.00 $5.00
Mar 29, 2026 0.7831 $10.00 $7.83
Mar 20, 2026 0.1807 $13.00 $2.35
Mar 12, 2026 1 $15.00 $15.00
Mar 8, 2026 0.1 $14.30 $1.43
Feb 26, 2026 0.474 $14.29 $6.77
Feb 23, 2026 0.35 $14.29 $5.00
Feb 22, 2026 0.176 $15.29 $2.69
Feb 22, 2026 1 $15.29 $15.29
Feb 14, 2026 0.4134 $25.00 $10.33
Feb 6, 2026 0.2766 $30.00 $8.30
Feb 1, 2026 0.0923 $34.00 $3.14
Jan 31, 2026 0.1 $36.00 $3.60

Returns

7/11
Net APY
9.08%
Gross APY
16.22%
Cash-on-cash
9.08%
Gross rent / yr
$14,280.00
Monthly rent
$1,190.00
Net rent / yr
$7,992.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 111 fills, oldest first
Metric

interval

Jun 24 $10.00–$65.20 Oct 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 56%
Costs 44%
Net rent $7,992.00/yr distributed to holders of $14,280.00 gross rent collected

Valuation

12/17
Current price / token
$10.00 · 0.01 tokens ($0.10) · 8d ago
Appraisal NAV
$37.14 · frozen
Premium / discount vs NAV
-73.1% · frozen
Underlying value
$65,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$54,700.00
Median rent (ACS)
$1,254.00
HUD fair market rent
$1,660.00 (3BR · ZIP)
Rent vs HUD FMR
-28.3%
County-implied value (2× assessed)
$72,800.00
Last recorded sale
$61,500.00 (2021-04-19)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
30.70%
Vacancy rate (county)
12.90%
Income vs county
-42.8%
Income trend
-9.3%
Population trend
-13.5%
County tax standing
SUBJECT TO FORECLOSURE · $5,034.30
Blight tickets
15 tickets · 5 unpaid ($1,910.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
398
Total tokens
1,750
Top holder
13.19%
Top 5
25.55%
Top 10
33.54%
Largest holding
175 tokens
Effective holders
38.6
HHI
258.8
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 398 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 X LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1 Bath
Size
1,124 sqft
Year built
1939
Operating since
2024-08-15 (2y 2m in)
Median income (tract)
$34,063.00
Population (tract)
2,933

Off-chain neighborhood data — US Census ACS 5-year (tract 501000) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.