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RealT Secondary

11924 Wayburn St, Detroit, MI 48224

🇺🇸 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.
11924 Wayburn St, Detroit, MI 48224 — photo 1 1 / 6

Total Asset Value

$8,700

$72,645 raised

Price

$6.00 / token -62.4% vs previous fill

-88.0% vs issue price · NAV $35.86 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.99%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

83.45%

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

$10.37 · 2 tokens 48.28%
$20.00 · 1 tokens 25.03%
$24.00 · 1 tokens 20.86%

🔔 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 -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
8d ago 1 $6.00 $6.00
11d ago 0.2 $50.10 RMM $10.02
11d ago 0.3 $50.10 RMM $15.03
Jul 7, 2026 1 $49.48 RMM $49.48
Mar 17, 2026 0.3376 $15.95 $5.39
Mar 15, 2026 9.0877 $18.50 $168.12
Mar 10, 2026 0.0836 $18.50 $1.55
Mar 5, 2026 0.36 $14.60 $5.26
Feb 23, 2026 1.2261 $9.70 $11.89
Feb 23, 2026 2 $9.00 $18.00
Feb 23, 2026 1 $10.00 $10.00
Feb 21, 2026 0.7739 $18.69 $14.46
Feb 20, 2026 0.1 $24.40 $2.44
Feb 19, 2026 0.337 $24.90 $8.39
Feb 18, 2026 0.05 $27.90 $1.40
Feb 13, 2026 0.2 $28.90 $5.78
Feb 11, 2026 0.0374 $25.00 $0.94
Feb 6, 2026 0.497 $30.00 $14.91
Feb 6, 2026 0.12 $33.90 $4.07
Feb 1, 2026 0.0217 $38.99 $0.85

Returns

7/11
Net APY
9.99%
Gross APY
16.02%
Cash-on-cash
9.99%
Gross rent / yr
$11,640.00
Monthly rent
$970.00
Net rent / yr
$7,260.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 162 fills, oldest first
Metric

interval

Aug 23 $0.10–$71.40 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 62%
Costs 38%
Net rent $7,260.00/yr distributed to holders of $11,640.00 gross rent collected

Valuation

12/17
Current price / token
$6.00 · 1 tokens ($6.00) · 8d ago
Appraisal NAV
$35.86 · frozen
Premium / discount vs NAV
-83.3% · frozen
Underlying value
$52,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$78,300.00
Median rent (ACS)
$1,266.00
HUD fair market rent
$1,660.00 (3BR · ZIP)
Rent vs HUD FMR
-41.6%
County-implied value (2× assessed)
$53,800.00
Last recorded sale
$96,100.00 (2003-04-23)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
18.00%
Vacancy rate (county)
12.90%
Income vs county
-17.1%
Income trend
+40.7%
Population trend
-7.6%
County tax standing
SUBJECT TO FORECLOSURE · $7,762.94
Blight tickets
18 tickets · 13 unpaid ($5,010.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
386
Total tokens
1,450
Top holder
2.13%
Top 5
7.85%
Top 10
12.56%
Largest holding
22.966 tokens
Effective holders
169.2
HHI
59.1
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 386 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 1 LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 1 Bath
Size
1,035 sqft
Year built
1945
Operating since
2023-09-15 (3y 1m in)
Median income (tract)
$49,336.00
Population (tract)
4,284

Off-chain neighborhood data — US Census ACS 5-year (tract 500700) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.