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RealT Secondary

18515-18517 Kelly Rd, 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.
18515-18517 Kelly Rd, Detroit, MI 48224 — photo 1 1 / 3

Total Asset Value

$11,400

$93,290 raised

Price

$6.00 / token -40.6% vs previous fill

-87.8% vs issue price · NAV $40.53 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

11.33%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

92.74%

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

$10.00 · 1 tokens 55.64%
$10.16 · 7 tokens 54.77%
$11.00 · 15 tokens 50.58%

🔔 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 -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
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
8d ago 1 $6.00 $6.00
Jul 8, 2026 1 $55.00 RMM $55.00
Jul 4, 2026 0.1312 $10.10 $1.33
Jul 2, 2026 0.1979 $10.50 $2.08
Jun 23, 2026 0.2703 $11.00 $2.97
Jun 15, 2026 0.4006 $11.75 $4.71
May 14, 2026 0.3 $12.71 $3.81
May 3, 2026 4 $13.00 $52.00
Apr 13, 2026 0.035 $12.00 $0.42
Apr 7, 2026 0.9998 $12.00 $12.00
Apr 1, 2026 1 $14.50 $14.50
Mar 20, 2026 0.965 $12.00 $11.58
Mar 18, 2026 0.2099 $15.70 $3.29
Mar 12, 2026 15 $19.00 $285.00
Mar 11, 2026 3 $14.50 $43.50
Feb 25, 2026 1 $19.00 $19.00
Feb 23, 2026 6.4626 $14.58 $94.23
Feb 22, 2026 0.5374 $14.58 $7.83
Feb 19, 2026 0.5663 $17.00 $9.63
Feb 18, 2026 1 $17.00 $17.00

Returns

7/11
Net APY
11.33%
Gross APY
17.88%
Cash-on-cash
11.33%
Gross rent / yr
$16,680.00
Monthly rent
$1,390.00
Net rent / yr
$10,572.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 296 fills, oldest first
Metric

interval

Dec 22 $0.01–$62.00 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 63%
Costs 37%
Net rent $10,572.00/yr distributed to holders of $16,680.00 gross rent collected

Valuation

11/17
Current price / token
$6.00 · 1 tokens ($6.00) · 8d ago
Appraisal NAV
$40.53 · frozen
Premium / discount vs NAV
-85.2% · frozen
Underlying value
$77,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$54,500.00
Median rent (ACS)
$1,234.00
HUD fair market rent
$1,360.00 (2BR · ZIP)
County-implied value (2× assessed)
$43,000.00
Last recorded sale
$38,500.00 (2023-04-04)

Risk

9/16
LTV
Not provided
Occupancy
2/2 units
Vacancy rate (tract)
29.00%
Vacancy rate (county)
12.90%
Income vs county
-27.5%
Income trend
+9.8%
Population trend
+9.8%
County tax standing
SUBJECT TO FORECLOSURE · $6,406.88
Blight tickets
23 tickets · 11 unpaid ($4,565.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
474
Total tokens
1,900
Top holder
1.61%
Top 5
7.33%
Top 10
11.22%
Largest holding
21.8 tokens
Effective holders
202.5
HHI
49.4
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 474 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
JOYFUL HOMES 1 LLC
Location
Detroit, MI
Country
United States
Property type
Multi-family
Beds / baths
2x2 Beds / 2x1 Baths
Size
1,440 sqft
Year built
1942
Operating since
2022-11-20 (3y 10m in)
Median income (tract)
$43,125.00
Population (tract)
2,811

Off-chain neighborhood data — US Census ACS 5-year (tract 500600) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.