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RealT Secondary

9576 Grandmont 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.
9576 Grandmont Ave, Detroit, MI 48227 — photo 1 1 / 5

Total Asset Value

$5,920

$76,901 raised

Price

$4.00 / token 0.0% vs previous fill

-92.3% vs issue price · NAV $51.96 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.95%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

129.28%

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 · 2 tokens 64.64%
$16.73 · 8.1993 tokens 30.91%
$25.00 · 2 tokens 20.68%

🔔 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 -92% 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
Oct 1, 2026 2.2841 $4.00 $9.14
Sep 9, 2026 2.1377 $4.00 $8.55
Aug 18, 2026 0.5106 $5.50 $2.81
Aug 13, 2026 1.5728 $6.00 $9.44
Aug 1, 2026 1.5601 $8.00 $12.48
Jul 4, 2026 1.8947 $10.00 $18.95
May 26, 2026 0.04 $16.00 $0.64
Mar 16, 2026 0.3 $16.30 $4.89
Mar 16, 2026 0.1 $16.30 $1.63
Mar 4, 2026 0.35 $14.90 $5.21
Mar 3, 2026 0.1 $14.10 $1.41
Feb 24, 2026 5.9875 $13.20 $79.03
Feb 24, 2026 1.3636 $13.20 $18.00
Feb 24, 2026 0.8482 $13.20 $11.20
Feb 23, 2026 1.8007 $16.73 $30.13
Jan 31, 2026 0.0454 $5.00 $0.23
Jan 30, 2026 0.3674 $30.00 $11.02
Jan 30, 2026 0.2612 $32.50 $8.49
Jan 30, 2026 0.05 $34.50 $1.73
Jan 29, 2026 0.95 $30.00 $28.50

Returns

7/11
Net APY
9.95%
Gross APY
16.61%
Cash-on-cash
9.95%
Gross rent / yr
$12,770.16
Monthly rent
$1,064.18
Net rent / yr
$7,653.14
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 198 fills, oldest first
Metric

interval

Nov 23 $4.00–$73.73 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 60%
Costs 40%
Net rent $7,653.14/yr distributed to holders of $12,770.16 gross rent collected

Valuation

12/17
Current price / token
$4.00 · 2.2841 tokens ($9.14) · Oct 1, 2026
Appraisal NAV
$51.96 · frozen
Premium / discount vs NAV
-92.3% · frozen
Underlying value
$76,900.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$71,400.00
Median rent (ACS)
$874.00
HUD fair market rent
$1,490.00 (3BR · ZIP)
Rent vs HUD FMR
-28.6%
County-implied value (2× assessed)
$69,000.00
Last recorded sale
$40,000.00 (2019-07-19)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
23.30%
Vacancy rate (county)
12.90%
Income vs county
-50.0%
Income trend
-14.5%
Population trend
+7.6%
County tax standing
SUBJECT TO FORECLOSURE · $9,056.96
Blight tickets
4 tickets · 2 unpaid ($885.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
289
Total tokens
1,480
Top holder
13.16%
Top 5
29.32%
Top 10
37.77%
Largest holding
148 tokens
Effective holders
32.6
HHI
306.4
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 289 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 IX LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1 Bath
Size
1,291 sqft
Year built
1937
Operating since
2024-01-01 (2y 9m in)
Median income (tract)
$29,732.00
Population (tract)
2,757

Off-chain neighborhood data — US Census ACS 5-year (tract 545200) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.