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RealT Secondary

433 Kitchener St, Detroit, MI 48215

🇺🇸 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.
433 Kitchener St, Detroit, MI 48215 — photo 1 1 / 3

Total Asset Value

$9,100

$67,561 raised

Price

$7.00 / token -43.6% vs previous fill

-86.5% vs issue price · NAV $41.54 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.80%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

72.79%

assumes frozen rent keeps paying — unreliable

⚠️ Risk signals

✕ 3 ! 0 ✓ 3

red = caution · click to inspect each signal

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

$11.93 · 1 tokens 42.71%
$20.06 · 7 tokens 25.40%
$50.00 · 1 tokens 10.19%

🔔 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 Flood zone AE Sellable -87% 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 8, 2026 1 $54.95 RMM $54.95
May 17, 2026 0.3486 $12.41 $4.33
Apr 26, 2026 1 $12.87 $12.87
Apr 3, 2026 0.5992 $11.00 $6.59
Apr 3, 2026 4 $11.00 $44.00
Apr 1, 2026 5 $11.00 $55.00
Apr 1, 2026 2 $11.00 $22.00
Apr 1, 2026 1 $11.00 $11.00
Apr 1, 2026 0.5 $11.00 $5.50
Mar 27, 2026 1.3508 $11.00 $14.86
Mar 19, 2026 0.001 $12.00 $0.01
Mar 19, 2026 0.66 $12.00 $7.92
Mar 19, 2026 0.339 $15.00 $5.08
Mar 14, 2026 0.4 $16.30 $6.52
Mar 10, 2026 0.15 $15.10 $2.26
Mar 10, 2026 0.5 $14.00 $7.00
Mar 9, 2026 5.8441 $11.86 $69.31
Mar 9, 2026 1.1559 $11.86 $13.71
Mar 6, 2026 3 $20.06 $60.18

Returns

7/11
Net APY
9.80%
Gross APY
16.52%
Cash-on-cash
9.80%
Gross rent / yr
$11,160.00
Monthly rent
$930.00
Net rent / yr
$6,624.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 142 fills, oldest first
Metric

interval

Sep 23 $1.00–$71.99 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 59%
Costs 41%
Net rent $6,624.00/yr distributed to holders of $11,160.00 gross rent collected

Valuation

11/17
Current price / token
$7.00 · 1 tokens ($7.00) · 8d ago
Appraisal NAV
$41.54 · frozen
Premium / discount vs NAV
-83.1% · frozen
Underlying value
$54,000.00
ZIP home value (Zillow)
$94,954.39
Median home value (ACS)
$223,300.00
Median rent (ACS)
$614.00
HUD fair market rent
$1,580.00 (4BR · ZIP)
Rent vs HUD FMR
-41.1%
County-implied value (2× assessed)
$30,200.00
Last recorded sale
$2,444.00 (2004-09-24)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
12.30%
Vacancy rate (county)
12.90%
Income vs county
+22.5%
Income trend
+208.9%
Population trend
-6.6%
County tax standing
SUBJECT TO FORECLOSURE · $4,529.84
Blight tickets
34 tickets · 22 unpaid ($8,260.00)
FEMA flood zone
AE · SFHA

Whale concentration

Low
Holders (wallets)
397
Total tokens
1,300
Top holder
2.55%
Top 5
6.97%
Top 10
11.91%
Largest holding
25.799 tokens
Effective holders
172
HHI
58.1
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 397 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 II LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
4 Beds / 2 Baths
Size
1,387 sqft
Year built
2007
Operating since
2023-10-01 (3y in)
Median income (tract)
$72,936.00
Population (tract)
3,297

Off-chain neighborhood data — US Census ACS 5-year (tract 513700) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.