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RealT Secondary

20553 Pelkey St, Detroit, MI 48205

🇺🇸 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.
20553 Pelkey St, Detroit, MI 48205 — photo 1 1 / 4

Total Asset Value

$9,940

$70,006 raised

Price

$7.00 / token -30.0% vs previous fill

-85.8% vs issue price · NAV $49.30 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

8.11%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

57.10%

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

$7.00 · 1.2997 tokens 57.10%
$10.94 · 1 tokens 36.54%
$41.00 · 2 tokens 9.75%

🔔 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 -86% 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 0.7003 $7.00 $4.90
10d ago 0.06 $49.30 RMM $2.96
10d ago 0.1 $49.30 RMM $4.93
Sep 29, 2026 2 $10.00 $20.00
Jul 6, 2026 1.9066 $49.50 RMM $94.38
Jun 20, 2026 1.1103 $10.00 $11.10
Jun 8, 2026 0.5989 $10.00 $5.99
Mar 25, 2026 0.4679 $12.00 $5.61
Mar 25, 2026 0.5321 $12.00 $6.39
Mar 10, 2026 0.25 $14.30 $3.58
Mar 10, 2026 0.35 $12.40 $4.34
Mar 10, 2026 0.1 $11.65 $1.17
Mar 9, 2026 0.2 $12.30 $2.46
Mar 9, 2026 0.5 $9.61 $4.80
Mar 9, 2026 0.5 $9.61 $4.80
Mar 9, 2026 1 $11.93 $11.93
Feb 28, 2026 0.0908 $47.00 $4.27
Feb 28, 2026 0.9092 $18.83 $17.12
Feb 27, 2026 0.0908 $18.83 $1.71
Feb 24, 2026 0.3 $15.00 $4.50

Returns

7/11
Net APY
8.11%
Gross APY
16.80%
Cash-on-cash
8.11%
Gross rent / yr
$11,760.00
Monthly rent
$980.00
Net rent / yr
$5,676.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 115 fills, oldest first
Metric

interval

Apr 24 $0.02–$68.41 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 48%
Costs 52%
Net rent $5,676.00/yr distributed to holders of $11,760.00 gross rent collected

Valuation

12/17
Current price / token
$7.00 · 0.7003 tokens ($4.90) · 9d ago
Appraisal NAV
$49.30 · frozen
Premium / discount vs NAV
-85.8% · frozen
Underlying value
$70,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$66,300.00
Median rent (ACS)
$1,145.00
HUD fair market rent
$1,590.00 (3BR · ZIP)
Rent vs HUD FMR
-38.4%
County-implied value (2× assessed)
$48,000.00
Last recorded sale
$35,500.00 (2020-06-12)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
21.70%
Vacancy rate (county)
12.90%
Income vs county
-11.3%
Income trend
+52.6%
Population trend
+7.8%
County tax standing
SUBJECT TO FORECLOSURE · $5,526.16
Blight tickets
3 tickets · 1 unpaid ($305.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
355
Total tokens
1,420
Top holder
9.43%
Top 5
19.15%
Top 10
26.60%
Largest holding
100 tokens
Effective holders
62.5
HHI
160
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 355 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
Single-family
Beds / baths
3 Beds / 1 Bath
Size
1,176 sqft
Year built
1941
Operating since
2024-06-01 (2y 4m in)
Median income (tract)
$52,822.00
Population (tract)
2,663

Off-chain neighborhood data — US Census ACS 5-year (tract 503200) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.