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RealT Secondary

10604 Somerset Ave, Detroit, MI 48224

🇺🇸 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.
10604 Somerset Ave, Detroit, MI 48224 — photo 1 1 / 6

Total Asset Value

$8,580

$70,694 raised

Price

$6.60 / token -68.3% vs previous fill

-87.9% vs issue price · NAV $53.08 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

12.10%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

99.66%

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

$6.60 · 0.915917 tokens 99.66%
$7.00 · 1 tokens 93.97%
$15.00 · 14 tokens 43.85%

🔔 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 -88% 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 0.0841 $6.60 $0.55
Feb 18, 2026 0.0623 $20.83 $1.30
Feb 17, 2026 0.0277 $20.94 $0.58
Feb 17, 2026 1.98 $19.00 $37.62
Feb 8, 2026 0.02 $35.00 $0.70
Jan 9, 2026 1.99 $46.99 $93.51
Jan 8, 2026 0.01 $46.99 $0.47
Dec 18, 2025 2 $54.00 $108.00
Oct 2, 2025 1.364 $49.99 $68.18
Oct 2, 2025 1.636 $49.99 $81.78
Sep 5, 2025 0.01 $54.00 $0.54
Sep 2, 2025 0.77 $53.84 $41.45
Sep 1, 2025 0.23 $53.84 $12.38
Aug 31, 2025 0.0008 $54.78 $0.04
Aug 31, 2025 0.361 $54.78 $19.78
Aug 30, 2025 1 $54.95 $54.95
Aug 30, 2025 0.338 $54.80 $18.52
Aug 19, 2025 0.7101 $53.00 $37.64
Aug 6, 2025 1 $55.76 $55.76
Aug 1, 2025 2 $54.00 $107.99

Returns

7/11
Net APY
12.10%
Gross APY
15.19%
Cash-on-cash
12.10%
Gross rent / yr
$10,740.00
Monthly rent
$895.00
Net rent / yr
$8,551.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 162 fills, oldest first
Metric

interval

Jan 23 $6.60–$75.00 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 80%
Costs 20%
Net rent $8,551.00/yr distributed to holders of $10,740.00 gross rent collected

Valuation

12/17
Current price / token
$6.60 · 0.0841 tokens ($0.55) · 8d ago
Appraisal NAV
$53.08 · frozen
Premium / discount vs NAV
-87.6% · frozen
Underlying value
$69,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$54,700.00
Median rent (ACS)
$1,254.00
HUD fair market rent
$1,660.00 (3BR · ZIP)
Rent vs HUD FMR
-46.1%
County-implied value (2× assessed)
$61,800.00
Last recorded sale
$60,000.00 (2021-08-30)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
30.70%
Vacancy rate (county)
12.90%
Income vs county
-42.8%
Income trend
-9.3%
Population trend
-13.5%
County tax standing
SUBJECT TO FORECLOSURE · $9,799.10
Blight tickets
14 tickets · 8 unpaid ($1,890.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
251
Total tokens
1,300
Top holder
10.85%
Top 5
27.18%
Top 10
37.55%
Largest holding
91 tokens
Effective holders
39.1
HHI
255.8
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 251 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 I LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed. / 1 Bath
Size
1,100 sqft
Year built
1938
Operating since
2020-11-07 (5y 11m in)
Median income (tract)
$34,063.00
Population (tract)
2,933

Off-chain neighborhood data — US Census ACS 5-year (tract 501000) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.