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RealT Secondary

18481 Westphalia St, 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.
18481 Westphalia St, Detroit, MI 48205 — photo 1 1 / 6

Total Asset Value

$8,400

$64,596 raised

Price

$7.00 / token -53.9% vs previous fill

-87.0% vs issue price · NAV $52.50 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.85%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

83.47%

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 · 0.960938 tokens 83.47%
$20.00 · 3 tokens 29.21%
$38.83 · 1 tokens 15.05%

🔔 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 -87% vs issue

Overview

4/5
Platform
RealT
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

2/9
Sellability
No recent trades
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 0.0391 $7.00 $0.27
Mar 5, 2026 0.1 $15.18 $1.52
Feb 17, 2026 1.9495 $19.00 $37.04
Feb 17, 2026 0.0505 $19.00 $0.96
Jan 22, 2026 2 $45.00 $90.00
Dec 7, 2025 1 $48.29 RMM $48.29
Nov 24, 2025 1.01 $45.78 $46.24
Nov 24, 2025 0.99 $45.78 $45.32
Sep 30, 2025 0.2 $44.68 RMM $8.94
Sep 7, 2025 0.2 $47.91 RMM $9.58
Aug 23, 2025 0.05 $52.32 RMM $2.62
Aug 21, 2025 0.9259 $52.21 $48.34
Aug 20, 2025 0.0741 $52.21 $3.87
Aug 14, 2025 0.2 $52.32 RMM $10.46
Aug 3, 2025 2 $53.30 $106.59
Jul 31, 2025 0.02 $52.32 RMM $1.05
Jul 29, 2025 0.05 $53.00 $2.65
Jul 24, 2025 1 $53.00 $53.00
Jul 13, 2025 1 $52.75 $52.75
Jul 12, 2025 0.0942 $53.83 $5.07

Returns

7/11
Net APY
10.85%
Gross APY
15.42%
Cash-on-cash
10.85%
Gross rent / yr
$9,960.00
Monthly rent
$830.00
Net rent / yr
$7,011.60
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 112 fills, oldest first
Metric

interval

Jan 23 $7.00–$99.99 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 70%
Costs 30%
Net rent $7,011.60/yr distributed to holders of $9,960.00 gross rent collected

Valuation

12/17
Current price / token
$7.00 · 0.0391 tokens ($0.27) · 8d ago
Appraisal NAV
$52.50 · frozen
Premium / discount vs NAV
-86.7% · frozen
Underlying value
$63,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$51,900.00
Median rent (ACS)
$1,102.00
HUD fair market rent
$1,590.00 (3BR · ZIP)
Rent vs HUD FMR
-47.8%
County-implied value (2× assessed)
$25,800.00
Last recorded sale
$21,000.00 (1985-03-01)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
45.70%
Vacancy rate (county)
12.90%
Income vs county
-18.8%
Income trend
+34.0%
Population trend
-31.6%
County tax standing
SUBJECT TO FORECLOSURE · $4,323.67
Blight tickets
11 tickets · 5 unpaid ($1,060.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Moderate
Holders (wallets)
144
Total tokens
1,200
Top holder
13.92%
Top 5
42.70%
Top 10
55.24%
Largest holding
60 tokens
Effective holders
19.8
HHI
504.6
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 144 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 III LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 1 Bath
Size
757 sqft
Year built
1941
Operating since
2021-01-01 (5y 9m in)
Median income (tract)
$48,333.00
Population (tract)
1,878

Off-chain neighborhood data — US Census ACS 5-year (tract 503500) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.