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RealT Secondary

4239 Alter Rd, 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.
4239 Alter Rd, Detroit, MI 48215 — photo 1 1 / 12

Total Asset Value

$54,509

$551,104 raised

Price

$5.00 / token -3.8% vs previous fill

-90.1% vs issue price · NAV $40.37 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

8.91%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

90.04%

assumes frozen rent keeps paying — unreliable

⚠️ Risk signals

✕ 2 ! 1 ✓ 3

red = caution · click to inspect each signal

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

$5.00 · 18 tokens 90.06%
$5.00 · 2.965892 tokens 90.04%
$13.00 · 1 tokens 34.64%

🔔 Watch this property

Get alerted when liquidity drops, a lawsuit is filed, or distributions stop.

Risk check Partly occupied 11/12 Tax foreclosure risk Blight fines unpaid Minimal flood risk Sellable -90% vs issue

Overview

4/5
Platform
RealT
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

1/9
Sellability
No recent trades
Trades (7d)
Not provided

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
Aug 19, 2026 1.0341 $5.00 $5.17
Aug 2, 2026 0.2499 $5.20 $1.30
Jul 30, 2026 0.75 $6.20 $4.65
Jul 25, 2026 4 $0.01 $0.04
Jul 10, 2026 2.999 $50.70 RMM $152.05
Jul 8, 2026 1.0003 $50.00 RMM $50.01
Jun 29, 2026 0.6 $8.32 $4.99
Jun 28, 2026 0.57 $7.77 $4.43
Jun 28, 2026 0.282 $7.40 $2.09
Jun 25, 2026 2 $10.00 $20.00
Jun 24, 2026 0.648 $7.40 $4.79
Jun 22, 2026 3 $8.00 $24.00
Jun 22, 2026 0.1 $6.69 $0.67
Jun 17, 2026 0.15 $6.52 $0.98
Jun 17, 2026 0.15 $6.21 $0.93
Jun 17, 2026 0.1588 $6.20 $0.98
Jun 16, 2026 0.15 $6.06 $0.91
Jun 16, 2026 0.15 $6.07 $0.91
Jun 16, 2026 0.15 $5.80 $0.87
Jun 16, 2026 0.15 $5.67 $0.85

Returns

7/11
Net APY
8.91%
Gross APY
20.66%
Cash-on-cash
8.91%
Gross rent / yr
$113,868.00
Monthly rent
$9,489.00
Net rent / yr
$49,081.20
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 1068 fills, oldest first
Metric

interval

Jan 23 $0.01–$65.00 Aug 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 $49,081.20/yr distributed to holders of $113,868.00 gross rent collected

Valuation

10/17
Current price / token
$5.00 · 1.0341 tokens ($5.17) · Aug 19, 2026
Appraisal NAV
$40.37 · frozen
Premium / discount vs NAV
-87.6% · frozen
Underlying value
$440,000.00
ZIP home value (Zillow)
$94,954.39
Median home value (ACS)
$54,300.00
Median rent (ACS)
$822.00
HUD fair market rent
$1,580.00 (12BR · ZIP)
County-implied value (2× assessed)
$312,600.00
Last recorded sale
$445,000.00 (2023-04-17)

Risk

9/16
LTV
Not provided
Occupancy
11/12 units
Vacancy rate (tract)
31.80%
Vacancy rate (county)
12.90%
Income vs county
-48.7%
Income trend
+31.3% (county)
Population trend
+0.7% (county)
County tax standing
SUBJECT TO FORECLOSURE · $43,154.19
Blight tickets
30 tickets · 13 unpaid ($5,422.50)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
928
Total tokens
10,900
Top holder
5.26%
Top 5
15.25%
Top 10
21.76%
Largest holding
340 tokens
Effective holders
113.4
HHI
88.2
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 928 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 IV LLC
Location
Detroit, MI
Country
United States
Property type
Multi-family
Beds / baths
12x1 Beds / 12x1.5 Baths
Size
8,000 sqft
Year built
1923
Operating since
2023-02-13 (3y 8m in)
Median income (tract)
$30,545.00
Population (tract)
2,291

Off-chain neighborhood data — US Census ACS 5-year (tract 502700) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.