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RealT Secondary

12236 Sorrento 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.
12236 Sorrento Ave, Detroit, MI 48227 — photo 1 1 / 8

Total Asset Value

$8,640

$68,445 raised

Price

$6.40 / token -36.0% vs previous fill

-87.4% vs issue price · NAV $39.26 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.95%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

78.82%

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

$6.20 · 1 tokens 81.36%
$10.00 · 1.752223 tokens 50.44%
$12.13 · 1 tokens 41.59%

🔔 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
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 $6.40 $6.40
Jul 10, 2026 0.2478 $10.00 $2.48
Jun 30, 2026 0.6288 $10.70 $6.73
Jun 29, 2026 0.25 $10.70 $2.67
Jun 23, 2026 0.2939 $11.00 $3.23
Jun 15, 2026 0.8273 $11.75 $9.72
May 3, 2026 28.25 $14.19 $400.87
May 3, 2026 0.5844 $14.19 $8.29
Mar 16, 2026 0.4 $16.20 $6.48
Mar 14, 2026 1.7887 $18.70 $33.45
Mar 11, 2026 0.25 $14.95 $3.74
Mar 10, 2026 0.5 $13.85 $6.92
Mar 9, 2026 1 $8.62 $8.62
Feb 27, 2026 0.186 $18.70 $3.48
Feb 27, 2026 0.814 $15.56 $12.67
Feb 26, 2026 1 $15.56 $15.56
Feb 26, 2026 28.836 $15.56 $448.69
Feb 22, 2026 2 $1.00 $2.00
Feb 21, 2026 1.35 $18.91 $25.53
Feb 17, 2026 0.0098 $10.00 $0.10

Returns

7/11
Net APY
9.95%
Gross APY
16.04%
Cash-on-cash
9.95%
Gross rent / yr
$10,980.00
Monthly rent
$915.00
Net rent / yr
$6,810.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 134 fills, oldest first
Metric

interval

Nov 23 $1.00–$72.00 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 62%
Costs 38%
Net rent $6,810.00/yr distributed to holders of $10,980.00 gross rent collected

Valuation

12/17
Current price / token
$6.40 · 1 tokens ($6.40) · 8d ago
Appraisal NAV
$39.26 · frozen
Premium / discount vs NAV
-83.7% · frozen
Underlying value
$53,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$75,500.00
Median rent (ACS)
$1,295.00
HUD fair market rent
$1,490.00 (3BR · ZIP)
Rent vs HUD FMR
-38.6%
County-implied value (2× assessed)
$36,600.00
Last recorded sale
$7,100.00 (2006-10-30)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
34.90%
Vacancy rate (county)
12.90%
Income vs county
-66.2%
Income trend
+0.4%
Population trend
+12.6%
County tax standing
SUBJECT TO FORECLOSURE · $5,511.90
Blight tickets
2 tickets · 2 unpaid ($610.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
400
Total tokens
1,350
Top holder
4.20%
Top 5
16.00%
Top 10
24.78%
Largest holding
45 tokens
Effective holders
99.9
HHI
100.1
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 400 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 IV LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1 Bath
Size
1,248 sqft
Year built
1931
Operating since
2024-01-01 (2y 9m in)
Median income (tract)
$20,142.00
Population (tract)
2,303

Off-chain neighborhood data — US Census ACS 5-year (tract 535200) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.