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RealT Secondary

19201 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.
19201 Westphalia St, Detroit, MI 48205 — photo 1 1 / 4

Total Asset Value

$8,400

$62,604 raised

Price

$7.00 / token -55.9% vs previous fill

-86.6% vs issue price · NAV $50.83 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

12.46%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

92.87%

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 · 0.964335 tokens 92.87%
$15.00 · 1 tokens 43.34%
$26.08 · 1 tokens 24.93%

🔔 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
9d ago 0.0357 $7.00 $0.25
Feb 23, 2026 0.9015 $15.86 $14.30
Feb 22, 2026 0.0485 $15.86 $0.77
Feb 22, 2026 0.05 $15.86 $0.79
Feb 17, 2026 1 $19.00 $19.00
Feb 11, 2026 0.01 $25.00 $0.25
Dec 23, 2025 2.5 $52.17 $130.43
Dec 8, 2025 2 $46.95 $93.91
Dec 1, 2025 1 $47.64 $47.64
Dec 1, 2025 0.0006 $49.00 $0.03
Oct 30, 2025 0.199 $50.20 RMM $9.99
Oct 14, 2025 3 $49.55 $148.65
Oct 12, 2025 0 - $0.00
Oct 11, 2025 0.281 $49.00 $13.77
Oct 8, 2025 1 $52.00 $52.00
Sep 30, 2025 0.2 $43.30 RMM $8.66
Sep 27, 2025 3 $53.00 $159.00
Sep 26, 2025 1.98 $51.00 $100.98
Sep 15, 2025 0.3107 $52.17 $16.21
Sep 12, 2025 0.5 $52.17 $26.09

Returns

7/11
Net APY
12.46%
Gross APY
17.52%
Cash-on-cash
12.46%
Gross rent / yr
$10,968.00
Monthly rent
$914.00
Net rent / yr
$7,800.88
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 191 fills, oldest first
Metric

interval

Jan 23 $7.00–$95.00 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 71%
Costs 29%
Net rent $7,800.88/yr distributed to holders of $10,968.00 gross rent collected

Valuation

12/17
Current price / token
$7.00 · 0.0357 tokens ($0.25) · 9d ago
Appraisal NAV
$50.83 · frozen
Premium / discount vs NAV
-86.2% · frozen
Underlying value
$61,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$71,800.00
Median rent (ACS)
$1,170.00
HUD fair market rent
$1,590.00 (3BR · ZIP)
Rent vs HUD FMR
-42.5%
County-implied value (2× assessed)
$50,800.00
Last recorded sale
$36,000.00 (2020-12-29)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
18.50%
Vacancy rate (county)
12.90%
Income vs county
-34.2%
Income trend
+1.1%
Population trend
-6.4%
County tax standing
SUBJECT TO FORECLOSURE · $6,700.90
Blight tickets
13 tickets · 10 unpaid ($2,720.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
206
Total tokens
1,200
Top holder
3.20%
Top 5
14.39%
Top 10
25.11%
Largest holding
12 tokens
Effective holders
86
HHI
116.2
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 206 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
868 sqft
Year built
1953
Operating since
2020-12-28 (5y 9m in)
Median income (tract)
$39,160.00
Population (tract)
3,077

Off-chain neighborhood data — US Census ACS 5-year (tract 503300) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.