← Back to screener
RealT Secondary

9244 Mendota St, Detroit, MI 48204

🇺🇸 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.
9244 Mendota St, Detroit, MI 48204 — photo 1 1 / 4

Total Asset Value

$8,680

$69,006 raised

Price

$7.00 / token -39.2% vs previous fill

-87.4% vs issue price · NAV $55.65 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

4.47%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

35.57%

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

$11.52 · 1.999918 tokens 21.61%
$12.00 · 0.088522 tokens 20.75%
$13.40 · 1 tokens 18.58%

🔔 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
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
10d ago 2 $7.00 $14.00
Aug 3, 2026 0.0001 $11.52 $0.00
Jul 31, 2026 0.2394 $12.00 $2.87
Jun 21, 2026 0.672 $12.00 $8.06
Jun 4, 2026 0 - $0.00
Apr 2, 2026 9.0992 $12.80 $116.47
Mar 25, 2026 0.9008 $12.80 $11.53
Mar 12, 2026 0.23 $16.50 $3.80
Mar 8, 2026 0.1 $15.70 $1.57
Feb 26, 2026 0.1515 $14.86 $2.25
Feb 23, 2026 0.3484 $14.86 $5.18
Feb 22, 2026 1.5001 $16.53 $24.80
Feb 15, 2026 0.5994 $25.00 $14.99
Feb 15, 2026 0.2074 $30.00 $6.22
Jan 30, 2026 1 $30.00 $30.00
Jan 29, 2026 0.4006 $40.00 $16.02
Jan 28, 2026 0.1 $44.00 $4.40
Jan 28, 2026 0.1 $44.00 $4.40
Jan 7, 2026 1 $46.64 $46.64
Jan 7, 2026 1 $46.64 $46.64

Returns

7/11
Net APY
4.47%
Gross APY
15.30%
Cash-on-cash
4.47%
Gross rent / yr
$10,560.00
Monthly rent
$880.00
Net rent / yr
$3,087.60
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 138 fills, oldest first
Metric

interval

Sep 23 $1.00–$71.48 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 29%
Costs 71%
Net rent $3,087.60/yr distributed to holders of $10,560.00 gross rent collected

Valuation

11/17
Current price / token
$7.00 · 2 tokens ($14.00) · 10d ago
Appraisal NAV
$55.65 · frozen
Premium / discount vs NAV
-87.4% · frozen
Underlying value
$69,000.00
ZIP home value (Zillow)
$57,263.50
ZIP rent (Zillow)
$1,136.67
Median home value (ACS)
$47,000.00
Median rent (ACS)
$1,438.00
HUD fair market rent
$1,470.00 (3BR · ZIP)
Rent vs HUD FMR
-40.1%
County-implied value (2× assessed)
$78,600.00

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
22.70%
Vacancy rate (county)
12.90%
Income vs county
-47.4%
Income trend
-7.9%
Population trend
+26.7%
County tax standing
SUBJECT TO FORECLOSURE · $11,352.26
Blight tickets
14 tickets · 7 unpaid ($1,200.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
397
Total tokens
1,240
Top holder
2.25%
Top 5
6.48%
Top 10
11.72%
Largest holding
21.499 tokens
Effective holders
176.1
HHI
56.8
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 397 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 VI LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1 Bath
Size
1,344 sqft
Year built
1923
Operating since
2023-09-15 (3y 1m in)
Median income (tract)
$31,314.00
Population (tract)
1,432

Off-chain neighborhood data — US Census ACS 5-year (tract 535700) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.