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RealT Secondary

14432 Wilshire Dr, Detroit, MI 48213

🇺🇸 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.
14432 Wilshire Dr, Detroit, MI 48213 — photo 1 1 / 2

Total Asset Value

$9,100

$74,321 raised

Price

$7.00 / token -65.0% vs previous fill

-87.8% vs issue price · NAV $56.77 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

11.56%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

94.42%

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

$51.45 · 1.73509 tokens 12.85%
$57.00 · 8 tokens 11.60%
$58.18 · 2.174629 tokens 11.36%

🔔 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 -88% 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 1 $7.00 $7.00
Jul 10, 2026 0.5 $65.99 RMM $33.00
Jul 10, 2026 0.6 $63.00 RMM $37.80
Mar 10, 2026 0.1 $20.00 $2.00
Mar 7, 2026 0.9 $25.00 $22.50
Feb 20, 2026 9 $16.31 $146.79
Feb 19, 2026 1 $16.83 $16.83
Feb 18, 2026 1 $17.00 $17.00
Jan 14, 2026 0.1 $51.45 $5.15
Jan 6, 2026 0.03 $51.45 $1.54
Jan 5, 2026 0.02 $51.45 $1.03
Jan 5, 2026 0.01 $51.45 $0.51
Jan 5, 2026 0.03 $51.45 $1.54
Jan 2, 2026 0.6 $42.88 RMM $25.73
Jan 1, 2026 0.0749 $51.45 $3.85
Jan 1, 2026 0.336 $48.39 $16.26
Dec 29, 2025 0.9 $48.50 $43.65
Dec 25, 2025 0.0251 $48.50 $1.22
Dec 11, 2025 0.336 $47.94 $16.11
Dec 11, 2025 0.328 $48.49 $15.90

Returns

7/11
Net APY
11.56%
Gross APY
15.18%
Cash-on-cash
11.56%
Gross rent / yr
$11,280.00
Monthly rent
$940.00
Net rent / yr
$8,592.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 270 fills, oldest first
Metric

interval

Jan 23 $7.00–$94.42 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 76%
Costs 24%
Net rent $8,592.00/yr distributed to holders of $11,280.00 gross rent collected

Valuation

11/17
Current price / token
$7.00 · 1 tokens ($7.00) · 8d ago
Appraisal NAV
$56.77 · frozen
Premium / discount vs NAV
-87.7% · frozen
Underlying value
$73,800.00
ZIP home value (Zillow)
$46,649.00
ZIP rent (Zillow)
$1,316.25
Median rent (ACS)
$870.00
HUD fair market rent
$1,330.00 (3BR · ZIP)
Rent vs HUD FMR
-29.3%
County-implied value (2× assessed)
$44,000.00
Last recorded sale
$54,000.00 (2022-04-28)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
27.60%
Vacancy rate (county)
12.90%
Income vs county
-42.5%
Income trend
+18.9%
Population trend
-10.8%
County tax standing
SUBJECT TO FORECLOSURE · $8,439.12
Blight tickets
12 tickets · 12 unpaid ($1,845.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
296
Total tokens
1,300
Top holder
8.44%
Top 5
21.74%
Top 10
30.30%
Largest holding
80 tokens
Effective holders
56.1
HHI
178.3
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 296 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
MLC RENTALS LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 2 Bath
Size
1,555 sqft
Year built
1929
Operating since
2021-08-10 (5y 2m in)
Median income (tract)
$34,250.00
Population (tract)
1,209

Off-chain neighborhood data — US Census ACS 5-year (tract 504100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.