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RealT Secondary

15019 Steel Ave, Detroit, MI 48227

🇺🇸 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.
15019 Steel Ave, Detroit, MI 48227 — photo 1 1 / 8

Total Asset Value

$21,840

$137,346 raised

Price

$8.00 / token -20.0% vs previous fill

-84.1% vs issue price · NAV $35.53 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.07%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

63.35%

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

$8.00 · 2.936232 tokens 63.35%
$10.00 · 0.615777 tokens 50.68%
$10.41 · 68.449 tokens 48.69%

🔔 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 -84% 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
10d ago 1.0638 $8.00 $8.51
Jul 6, 2026 0.04 $10.00 $0.40
Jun 20, 2026 2 $10.00 $20.00
Jun 8, 2026 1.1942 $10.00 $11.94
May 14, 2026 0.3 $12.75 $3.82
Apr 15, 2026 19.9 $12.32 $245.17
Apr 13, 2026 0.2 $12.32 $2.46
Mar 25, 2026 1 $12.00 $12.00
Mar 16, 2026 0.4 $15.90 $6.36
Mar 12, 2026 1 $15.00 $15.00
Mar 11, 2026 2 $15.00 $30.00
Mar 11, 2026 0.25 $14.85 $3.71
Mar 5, 2026 0.0002 $13.75 $0.00
Feb 26, 2026 1 $14.80 $14.80
Feb 26, 2026 19.1 $13.75 $262.62
Feb 26, 2026 10 $13.75 $137.50
Feb 25, 2026 5.3488 $13.75 $73.55
Feb 25, 2026 10 $13.75 $137.50
Feb 25, 2026 10 $13.75 $137.50
Feb 25, 2026 10 $13.75 $137.50

Returns

7/11
Net APY
10.07%
Gross APY
15.29%
Cash-on-cash
10.07%
Gross rent / yr
$21,000.00
Monthly rent
$1,750.00
Net rent / yr
$13,836.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 160 fills, oldest first
Metric

interval

Dec 23 $8.00–$79.00 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 66%
Costs 34%
Net rent $13,836.00/yr distributed to holders of $21,000.00 gross rent collected

Valuation

11/17
Current price / token
$8.00 · 1.0638 tokens ($8.51) · 10d ago
Appraisal NAV
$35.53 · frozen
Premium / discount vs NAV
-77.5% · frozen
Underlying value
$97,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$38,900.00
Median rent (ACS)
$1,014.00
HUD fair market rent
$1,220.00 (2BR · ZIP)
County-implied value (2× assessed)
$11,200.00
Last recorded sale
$15,000.00 (2018-01-31)

Risk

9/16
LTV
Not provided
Occupancy
2/2 units
Vacancy rate (tract)
22.40%
Vacancy rate (county)
12.90%
Income vs county
-51.3%
Income trend
+35.6%
Population trend
+13.3%
County tax standing
SUBJECT TO FORECLOSURE · $2,579.27
Blight tickets
6 tickets · 1 unpaid ($580.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
491
Total tokens
2,730
Top holder
9.43%
Top 5
21.08%
Top 10
28.96%
Largest holding
200 tokens
Effective holders
60.6
HHI
165
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 491 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 IX LLC
Location
Detroit, MI
Country
United States
Property type
Multi-family
Beds / baths
2x2 Beds / 2x1 Bath
Size
1,869 sqft
Year built
1928
Operating since
2024-02-01 (2y 8m in)
Median income (tract)
$29,000.00
Population (tract)
2,100

Off-chain neighborhood data — US Census ACS 5-year (tract 537100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.