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RealT Secondary

15860 Steel Ave, Detroit, MI 48227

🇺🇸 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.
15860 Steel Ave, Detroit, MI 48227 — photo 1 1 / 7

Total Asset Value

$27,500

$138,545 raised

Price

$10.00 / token 0.0% vs previous fill

-80.2% vs issue price · NAV $35.64 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.39%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

52.36%

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 · 2 tokens 58.18%
$10.43 · 48.6877 tokens 50.20%
$18.50 · 59.9 tokens 28.30%

🔔 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
Aug 25, 2026 0.03 $45.00 RMM $1.35
Aug 25, 2026 0.1 $45.00 RMM $4.50
Aug 25, 2026 0.0059 $45.00 RMM $0.27
Aug 25, 2026 0.007 $45.00 RMM $0.32
Aug 25, 2026 0.006 $45.00 RMM $0.27
Aug 25, 2026 0.0011 $45.00 RMM $0.05
Jul 15, 2026 1.1678 $46.98 RMM $54.86
Jul 8, 2026 1.5009 $46.98 RMM $70.51
Jul 7, 2026 0.3054 $49.50 RMM $15.12
Jun 9, 2026 3.8991 $10.00 $38.99
Jun 8, 2026 1.1009 $10.00 $11.01
Mar 20, 2026 0.2245 $10.00 $2.25
Mar 20, 2026 0.2754 $13.00 $3.58
Mar 19, 2026 0.5 $13.00 $6.50
Mar 12, 2026 0.4 $15.40 $6.16
Mar 12, 2026 1.1 $15.00 $16.50
Mar 9, 2026 0.9 $15.00 $13.50
Mar 4, 2026 0.35 $14.15 $4.95
Mar 3, 2026 0.1 $13.60 $1.36
Feb 25, 2026 38.6877 $12.80 $495.20

Returns

7/11
Net APY
10.39%
Gross APY
15.59%
Cash-on-cash
10.39%
Gross rent / yr
$21,600.00
Monthly rent
$1,800.00
Net rent / yr
$14,400.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 243 fills, oldest first
Metric

interval

Dec 23 $0.10–$74.67 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 67%
Costs 33%
Net rent $14,400.00/yr distributed to holders of $21,600.00 gross rent collected

Valuation

11/17
Current price / token
$10.00 · 3.8991 tokens ($38.99) · Jun 9, 2026
Appraisal NAV
$35.64 · frozen
Premium / discount vs NAV
-71.9% · frozen
Underlying value
$98,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$55,700.00
Median rent (ACS)
$961.00
HUD fair market rent
$1,220.00 (2BR · ZIP)
County-implied value (2× assessed)
$134,000.00
Last recorded sale
$600.00 (2011-04-05)

Risk

9/16
LTV
Not provided
Occupancy
2/2 units
Vacancy rate (tract)
28.90%
Vacancy rate (county)
12.90%
Income vs county
-25.4%
Income trend
+80.6%
Population trend
-21.3%
County tax standing
SUBJECT TO FORECLOSURE · $17,608.58
Blight tickets
8 tickets · 8 unpaid ($1,615.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
456
Total tokens
2,750
Top holder
9.81%
Top 5
22.55%
Top 10
29.51%
Largest holding
200 tokens
Effective holders
56.2
HHI
178
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 456 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 IX LLC
Location
Detroit, MI
Country
United States
Property type
Multi-family
Beds / baths
2x2 Beds / 2x1 Baths
Size
2,466 sqft
Year built
1929
Operating since
2024-02-01 (2y 8m in)
Median income (tract)
$44,394.00
Population (tract)
2,992

Off-chain neighborhood data — US Census ACS 5-year (tract 537000) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.