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RealT Secondary

4407 McClellan, Detroit, MI 48214

🇺🇸 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.
4407 McClellan, Detroit, MI 48214 — photo 1 1 / 5

Total Asset Value

$12,500

$72,000 raised

Price

$10.00 / token 0.0% vs previous fill

-82.6% vs issue price · NAV $57.60 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

7.67%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

44.19%

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

$9.00 · 2 tokens 49.10%
$14.00 · 1 tokens 31.56%
$18.00 · 1 tokens 24.55%

🔔 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 -83% 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
Jul 26, 2026 2 $40.00 RMM $80.00
Jun 21, 2026 0.0056 $10.00 $0.06
Jun 21, 2026 0.0072 $10.00 $0.07
Jun 20, 2026 0.6 $10.00 $6.00
May 25, 2026 25 $15.00 $375.11
Apr 8, 2026 1 $55.00 RMM $55.00
Apr 8, 2026 2 $57.79 RMM $115.58
Apr 8, 2026 1 $57.60 RMM $57.60
Apr 8, 2026 4 $25.00 $100.00
Apr 8, 2026 4 $22.00 $88.00
Mar 29, 2026 0.2497 $8.00 $2.00
Mar 19, 2026 0.7502 $14.00 $10.50
Mar 18, 2026 0.99 $28.80 $28.51
Mar 18, 2026 4 $0.01 $0.04
Mar 11, 2026 0.1499 $17.20 $2.58
Mar 11, 2026 0.8501 $17.20 $14.62
Feb 17, 2026 0.95 $20.00 $19.00
Feb 12, 2026 0.05 $29.50 $1.48
Feb 7, 2026 0.3872 $30.00 $11.62
Jan 31, 2026 0.65 $34.00 $22.10

Returns

7/11
Net APY
7.67%
Gross APY
12.28%
Cash-on-cash
7.67%
Gross rent / yr
$8,844.00
Monthly rent
$737.00
Net rent / yr
$5,523.60
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 198 fills, oldest first
Metric

interval

Mar 23 $0.01–$79.01 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 62%
Costs 38%
Net rent $5,523.60/yr distributed to holders of $8,844.00 gross rent collected

Valuation

11/17
Current price / token
$10.00 · 0.0056 tokens ($0.06) · Jun 21, 2026
Appraisal NAV
$57.60 · frozen
Premium / discount vs NAV
-82.6% · frozen
Underlying value
$72,000.00
ZIP home value (Zillow)
$96,393.28
ZIP rent (Zillow)
$1,084.17
Median home value (ACS)
$54,100.00
Median rent (ACS)
$1,042.00
HUD fair market rent
$1,310.00 (3BR · ZIP)
Rent vs HUD FMR
-43.7%
Last recorded sale
$204,820.00 (2005-07-01)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
45.10%
Vacancy rate (county)
12.90%
Income vs county
-47.0%
Income trend
+54.6%
Population trend
-33.9%
County tax standing
FORFEITED · $393.15
Blight tickets
1 tickets · 1 unpaid ($305.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
462
Total tokens
1,250
Top holder
2.55%
Top 5
8.21%
Top 10
12.56%
Largest holding
25 tokens
Effective holders
223.8
HHI
44.7
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 462 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 REAL TOKEN VII LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1.5 Baths
Size
1,310 sqft
Year built
2006
Operating since
2023-03-12 (3y 7m in)
Median income (tract)
$31,548.00
Population (tract)
671

Off-chain neighborhood data — US Census ACS 5-year (tract 514500) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.