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RealT Secondary

12789 Birwood St, Detroit, MI 48238

🇺🇸 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.
12789 Birwood St, Detroit, MI 48238 — photo 1 1 / 10

Total Asset Value

$9,480

$79,111 raised

Price

$6.00 / token -14.3% vs previous fill

-88.0% vs issue price · NAV $39.24 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.57%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

79.87%

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 · 0.844122 tokens 68.46%
$10.36 · 1 tokens 46.26%
$15.00 · 1 tokens 31.95%

🔔 Watch this property

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

Risk check Fully occupied Property tax delinquent 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
9d ago 0.8441 $6.00 $5.06
9d ago 0.1559 $7.00 $1.09
Sep 28, 2026 1 $28.00 $28.00
Jun 28, 2026 1 $49.34 RMM $49.34
Mar 14, 2026 1 $20.00 $20.00
Mar 9, 2026 0.6493 $10.01 $6.50
Mar 4, 2026 0.3507 $19.33 $6.78
Feb 22, 2026 1 $15.22 $15.22
Feb 7, 2026 1 $30.00 $30.00
Jan 12, 2026 2 $43.00 $86.00
Jan 7, 2026 1 $43.00 $43.00
Dec 31, 2025 1 $41.00 $41.00
Dec 12, 2025 1 $45.06 $45.06
Dec 11, 2025 1 $45.06 $45.06
Dec 2, 2025 1 $45.74 $45.74
Nov 28, 2025 0.6128 $40.00 $24.51
Nov 28, 2025 0.3872 $40.00 $15.49
Nov 8, 2025 1 $46.50 RMM $46.50
Oct 28, 2025 0.0032 $40.00 $0.13
Oct 22, 2025 4.19 $48.00 $201.12

Returns

7/11
Net APY
9.57%
Gross APY
15.02%
Cash-on-cash
9.57%
Gross rent / yr
$11,880.00
Monthly rent
$990.00
Net rent / yr
$7,572.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 127 fills, oldest first
Metric

interval

Jan 24 $6.00–$79.00 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 64%
Costs 36%
Net rent $7,572.00/yr distributed to holders of $11,880.00 gross rent collected

Valuation

12/17
Current price / token
$6.00 · 0.8441 tokens ($5.06) · 9d ago
Appraisal NAV
$39.24 · frozen
Premium / discount vs NAV
-84.7% · frozen
Underlying value
$62,000.00
ZIP home value (Zillow)
$55,725.94
ZIP rent (Zillow)
$1,140.90
Median home value (ACS)
$43,200.00
Median rent (ACS)
$966.00
HUD fair market rent
$1,540.00 (4BR · ZIP)
Rent vs HUD FMR
-35.7%
County-implied value (2× assessed)
$35,000.00
Last recorded sale
$48,000.00 (2018-04-30)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
41.40%
Vacancy rate (county)
12.90%
Income vs county
-46.7%
Income trend
+14.6%
Population trend
-31.7%
County tax standing
DELINQUENT · $1,331.95
Blight tickets
5 tickets · 1 unpaid ($305.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
466
Total tokens
1,580
Top holder
4.95%
Top 5
16.72%
Top 10
23.31%
Largest holding
61 tokens
Effective holders
105.4
HHI
94.9
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 466 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 REAL TOKEN II LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
4 Beds / 2 Baths
Size
1,455 sqft
Year built
1925
Operating since
2024-03-15 (2y 7m in)
Median income (tract)
$31,719.00
Population (tract)
2,709

Off-chain neighborhood data — US Census ACS 5-year (tract 534200) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.