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RealT Secondary

15225 Bringard Dr, 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.
15225 Bringard Dr, Detroit, MI 48205 — photo 1 1 / 8

Total Asset Value

$13,500

$68,472 raised

Price

$10.00 / token -21.1% vs previous fill

-80.3% vs issue price · NAV $40.00 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.17%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

46.49%

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

$7.00 · 1 tokens 66.41%
$10.00 · 0.792507 tokens 46.49%
$12.38 · 1 tokens 37.55%

🔔 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 -80% 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
Sep 15, 2026 0.5453 $55.37 RMM $30.19
Sep 15, 2026 0.0404 $55.37 RMM $2.24
Aug 24, 2026 0.5003 $55.37 RMM $27.70
Aug 24, 2026 0.1 $55.37 RMM $5.54
Aug 11, 2026 0.1 $55.37 RMM $5.54
Jul 9, 2026 1 $53.00 RMM $53.00
Jul 7, 2026 1 $48.69 RMM $48.69
Jun 8, 2026 0.7925 $10.00 $7.93
May 14, 2026 0.3 $12.67 $3.80
Mar 20, 2026 1 $11.00 $11.00
Mar 10, 2026 6.87 $15.22 $104.53
Mar 9, 2026 0.13 $15.22 $1.98
Mar 6, 2026 3 $20.29 $60.86
Feb 22, 2026 1 $15.42 $15.42
Feb 17, 2026 0.3713 $19.00 $7.06
Feb 15, 2026 0.2075 $23.00 $4.77
Feb 7, 2026 0.0281 $24.00 $0.68
Feb 6, 2026 0.816 $24.00 $19.58
Feb 6, 2026 0.1559 $28.91 $4.51
Feb 4, 2026 0.45 $49.98 $22.49

Returns

7/11
Net APY
9.17%
Gross APY
15.95%
Cash-on-cash
9.17%
Gross rent / yr
$10,920.00
Monthly rent
$910.00
Net rent / yr
$6,276.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 98 fills, oldest first
Metric

interval

Nov 23 $10.00–$66.40 Jun 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 57%
Costs 43%
Net rent $6,276.00/yr distributed to holders of $10,920.00 gross rent collected

Valuation

12/17
Current price / token
$10.00 · 0.7925 tokens ($7.93) · Jun 8, 2026
Appraisal NAV
$40.00 · frozen
Premium / discount vs NAV
-75.0% · frozen
Underlying value
$54,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$59,700.00
Median rent (ACS)
$1,289.00
HUD fair market rent
$1,590.00 (3BR · ZIP)
Rent vs HUD FMR
-42.8%
County-implied value (2× assessed)
$79,200.00
Last recorded sale
$60,000.00 (1998-02-01)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
10.80%
Vacancy rate (county)
12.90%
Income vs county
-17.0%
Income trend
+1.6%
Population trend
-13.9%
County tax standing
SUBJECT TO FORECLOSURE · $10,247.07
Blight tickets
7 tickets · 3 unpaid ($750.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
394
Total tokens
1,350
Top holder
6.98%
Top 5
24.47%
Top 10
33.55%
Largest holding
77 tokens
Effective holders
60.7
HHI
164.7
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 394 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
Single-family
Beds / baths
3 Bed / 2 Bath
Size
1,202 sqft
Year built
1950
Operating since
2024-01-01 (2y 9m in)
Median income (tract)
$49,420.00
Population (tract)
2,510

Off-chain neighborhood data — US Census ACS 5-year (tract 500200) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.