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RealT Secondary

18438 Morang Ave, 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.
18438 Morang Ave, Detroit, MI 48205 — photo 1 1 / 8

Total Asset Value

$16,403

$205,984 raised

Price

$4.00 / token +39907.0% vs previous fill

-92.0% vs issue price · NAV $36.59 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.32%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

129.57%

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

$9.00 · 6 tokens 57.60%
$12.00 · 0.8 tokens 43.20%
$13.00 · 1 tokens 39.87%

🔔 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 -92% 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 4 $4.00 $16.00
Jul 25, 2026 4 $0.01 $0.04
Jul 7, 2026 1 $48.00 RMM $48.00
Jun 17, 2026 1.4992 $11.50 $17.24
Jun 15, 2026 0.5008 $11.50 $5.76
May 13, 2026 0.3 $12.75 $3.82
Apr 21, 2026 0.4 $12.07 $4.83
Mar 25, 2026 0.7596 $11.00 $8.36
Mar 19, 2026 1.2404 $11.00 $13.64
Mar 19, 2026 0.0076 $2.00 $0.02
Mar 19, 2026 0.75 $13.00 $9.75
Mar 19, 2026 0.2424 $15.00 $3.64
Mar 17, 2026 0.3 $16.20 $4.86
Mar 17, 2026 0.1 $16.20 $1.62
Mar 12, 2026 4 $15.00 $60.00
Feb 26, 2026 1 $15.80 $15.80
Feb 25, 2026 0.6993 $14.75 $10.31
Feb 23, 2026 0.3007 $14.75 $4.44
Feb 20, 2026 1.2261 $16.00 $19.62
Feb 20, 2026 0.7739 $16.00 $12.38

Returns

7/11
Net APY
10.32%
Gross APY
13.22%
Cash-on-cash
10.32%
Gross rent / yr
$27,240.00
Monthly rent
$2,270.00
Net rent / yr
$21,253.20
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 459 fills, oldest first
Metric

interval

Jan 23 $0.01–$60.00 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 78%
Costs 22%
Net rent $21,253.20/yr distributed to holders of $27,240.00 gross rent collected

Valuation

10/17
Current price / token
$4.00 · 4 tokens ($16.00) · Aug 19, 2026
Appraisal NAV
$36.59 · frozen
Premium / discount vs NAV
-89.1% · frozen
Underlying value
$150,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$54,500.00
Median rent (ACS)
$1,234.00
County-implied value (2× assessed)
$86,800.00
Last recorded sale
$100,000.00 (2007-09-19)

Risk

9/16
LTV
Not provided
Occupancy
2/2 units
Vacancy rate (tract)
29.00%
Vacancy rate (county)
12.90%
Income vs county
-27.5%
Income trend
+9.8%
Population trend
+9.8%
County tax standing
SUBJECT TO FORECLOSURE · $17,182.56
Blight tickets
13 tickets · 8 unpaid ($2,240.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
533
Total tokens
4,100
Top holder
6.68%
Top 5
21.60%
Top 10
29.26%
Largest holding
205 tokens
Effective holders
69.9
HHI
143.1
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 533 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
Commercial
Beds / baths
0 Bed / 2 x 0.5 Bath
Size
2,400 sqft
Year built
1941
Operating since
2023-02-01 (3y 8m in)
Median income (tract)
$43,125.00
Population (tract)
2,811

Off-chain neighborhood data — US Census ACS 5-year (tract 500600) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.