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RealT Secondary

20161 Gallagher St, Detroit, MI 48234

🇺🇸 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.
20161 Gallagher St, Detroit, MI 48234 — photo 1 1 / 6

Total Asset Value

$11,970

$68,003 raised

Price

$9.00 / token -17.9% vs previous fill

-82.4% vs issue price · NAV $51.13 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

6.75%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

38.35%

assumes frozen rent keeps paying — unreliable

⚠️ Risk signals

✕ 1 ! 1 ✓ 4

red = caution · click to inspect each signal

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

$9.00 · 0.303263 tokens 38.35%
$10.58 · 0.8743 tokens 32.62%
$12.48 · 2 tokens 27.65%

🔔 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 -82% 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
9d ago 0.6967 $9.00 $6.27
Apr 16, 2026 0.3 $10.96 $3.29
Apr 12, 2026 0.1533 $10.00 $1.53
Apr 12, 2026 0.8467 $10.00 $8.47
Mar 11, 2026 0.48 $15.00 $7.20
Mar 11, 2026 0.52 $15.00 $7.80
Mar 3, 2026 0.02 $14.80 $0.30
Mar 3, 2026 0.0043 $14.13 $0.06
Feb 24, 2026 0.87 $14.13 $12.29
Feb 24, 2026 0.1257 $14.13 $1.78
Feb 22, 2026 0.4 $15.13 $6.05
Feb 22, 2026 1.6 $15.13 $24.21
Feb 11, 2026 0.15 $40.00 $6.00
Dec 12, 2025 0.5 $48.07 $24.04
Dec 12, 2025 0.5 $42.84 $21.42
Dec 11, 2025 0.5 $42.84 $21.42
Dec 2, 2025 4 $42.00 $168.00
Oct 17, 2025 0.8823 $42.00 $37.06
Oct 17, 2025 0.1177 $42.00 $4.94
Oct 12, 2025 0.8 $50.00 $40.00

Returns

7/11
Net APY
6.75%
Gross APY
15.88%
Cash-on-cash
6.75%
Gross rent / yr
$10,800.00
Monthly rent
$900.00
Net rent / yr
$4,590.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 107 fills, oldest first
Metric

interval

Apr 24 $9.00–$65.63 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 43%
Costs 57%
Net rent $4,590.00/yr distributed to holders of $10,800.00 gross rent collected

Valuation

12/17
Current price / token
$9.00 · 0.6967 tokens ($6.27) · 9d ago
Appraisal NAV
$51.13 · frozen
Premium / discount vs NAV
-82.4% · frozen
Underlying value
$68,000.00
ZIP home value (Zillow)
$54,116.78
ZIP rent (Zillow)
$1,257.78
Median home value (ACS)
$62,400.00
Median rent (ACS)
$1,067.00
HUD fair market rent
$1,430.00 (3BR · ZIP)
Rent vs HUD FMR
-37.1%
County-implied value (2× assessed)
$38,000.00
Last recorded sale
$35,500.00 (2020-06-12)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
7.80%
Vacancy rate (county)
12.90%
Income vs county
-30.0%
Income trend
+40.2%
Population trend
+7.4%
County tax standing
SUBJECT TO FORECLOSURE · $4,734.10
Blight tickets
8 tickets · 2 unpaid ($885.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
354
Total tokens
1,330
Top holder
11.88%
Top 5
24.38%
Top 10
32.06%
Largest holding
133 tokens
Effective holders
42.7
HHI
234
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 354 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 REAL TOKEN IX LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1 Bath
Size
844 sqft
Year built
1943
Operating since
2024-06-01 (2y 4m in)
Median income (tract)
$41,679.00
Population (tract)
4,230

Off-chain neighborhood data — US Census ACS 5-year (tract 506800) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.