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RealT Secondary

15039 Ward 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.
15039 Ward Ave, Detroit, MI 48227 — photo 1

Total Asset Value

$9,600

$62,556 raised

Price

$8.00 / token -46.7% vs previous fill

-84.7% vs issue price · NAV $50.83 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

12.88%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

83.93%

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

$8.00 · 1.939 tokens 83.93%
$15.00 · 1 tokens 44.76%
$51.00 · 1 tokens 13.17%

🔔 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 -85% 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
10d ago 0.061 $8.00 $0.49
Apr 13, 2026 0.02 $15.00 $0.30
Apr 7, 2026 6.9 $15.00 $103.50
Apr 6, 2026 0.08 $15.00 $1.20
Feb 22, 2026 1 $15.85 $15.85
Feb 17, 2026 0.98 $19.00 $18.62
Feb 11, 2026 0.01 $25.00 $0.25
Feb 9, 2026 0.02 $39.00 $0.78
Feb 6, 2026 0 - $0.00
Feb 6, 2026 0.02 $52.13 $1.04
Feb 6, 2026 0.98 $34.89 $34.19
Feb 1, 2026 0.02 $40.39 $0.81
Jan 5, 2026 0.0013 $44.00 RMM $0.06
Nov 17, 2025 0.0023 $42.40 $0.10
Nov 17, 2025 0.09 $42.40 $3.82
Oct 24, 2025 1 $51.90 $51.90
Oct 24, 2025 1 $51.90 $51.90
Oct 24, 2025 1 $51.90 $51.90
Oct 13, 2025 0.0059 $47.00 $0.28
Oct 13, 2025 0.15 $47.00 $7.05

Returns

7/11
Net APY
12.88%
Gross APY
17.46%
Cash-on-cash
12.88%
Gross rent / yr
$10,920.00
Monthly rent
$910.00
Net rent / yr
$8,057.20
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 147 fills, oldest first
Metric

interval

Dec 22 $8.00–$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 74%
Costs 26%
Net rent $8,057.20/yr distributed to holders of $10,920.00 gross rent collected

Valuation

12/17
Current price / token
$8.00 · 0.061 tokens ($0.49) · 10d ago
Appraisal NAV
$50.83 · frozen
Premium / discount vs NAV
-84.3% · frozen
Underlying value
$61,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$38,900.00
Median rent (ACS)
$1,014.00
HUD fair market rent
$1,490.00 (3BR · ZIP)
Rent vs HUD FMR
-38.9%
County-implied value (2× assessed)
$62,600.00
Last recorded sale
$36,000.00 (2020-12-29)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
22.40%
Vacancy rate (county)
12.90%
Income vs county
-51.3%
Income trend
+35.6%
Population trend
+13.3%
County tax standing
SUBJECT TO FORECLOSURE · $6,551.50
Blight tickets
9 tickets · 2 unpaid ($555.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
162
Total tokens
1,200
Top holder
19.28%
Top 5
31.80%
Top 10
42.06%
Largest holding
60 tokens
Effective holders
21.1
HHI
473.7
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 162 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
1,552 sqft
Year built
1928
Operating since
2020-12-28 (5y 9m in)
Median income (tract)
$29,000.00
Population (tract)
2,100

Off-chain neighborhood data — US Census ACS 5-year (tract 537100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.