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RealT Secondary

15003 Appoline St, 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.
15003 Appoline St, Detroit, MI 48227 — photo 1 1 / 8

Total Asset Value

$9,300

$78,632 raised

Price

$6.00 / token -70.0% vs previous fill

-88.2% vs issue price · NAV $37.42 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.12%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

77.10%

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

$39.00 · 3 tokens 11.86%
$41.00 · 4.1 tokens 11.28%
$48.99 · 1.01 tokens 9.44%

🔔 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
9d ago 1 $6.00 $6.00
Apr 6, 2026 2 $20.00 $40.00
Mar 22, 2026 5 $5.10 $25.50
Mar 19, 2026 0.5 $10.00 $5.00
Mar 19, 2026 0.5 $16.74 RMM $8.37
Mar 19, 2026 0.5 $10.00 $5.00
Mar 11, 2026 1 $17.76 RMM $17.76
Mar 11, 2026 1 $15.00 $15.00
Mar 1, 2026 0.3143 $16.92 $5.32
Feb 27, 2026 0.5994 $25.00 $14.99
Feb 26, 2026 1.6595 $14.07 $23.35
Feb 23, 2026 0.54 $14.07 $7.60
Feb 22, 2026 1.8006 $15.07 $27.13
Feb 11, 2026 0.4006 $25.00 $10.02
Feb 9, 2026 0.2463 $26.00 $6.40
Feb 2, 2026 0.403 $29.00 $11.69
Jan 30, 2026 0.3507 $32.00 $11.22
Jan 20, 2026 0.5076 $35.00 $17.77
Jan 19, 2026 0.1627 $35.00 $5.70
Jan 17, 2026 0.15 $37.00 $5.55

Returns

7/11
Net APY
9.12%
Gross APY
15.03%
Cash-on-cash
9.12%
Gross rent / yr
$11,820.00
Monthly rent
$985.00
Net rent / yr
$7,170.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 158 fills, oldest first
Metric

interval

Dec 23 $5.10–$66.00 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 61%
Costs 39%
Net rent $7,170.00/yr distributed to holders of $11,820.00 gross rent collected

Valuation

12/17
Current price / token
$6.00 · 1 tokens ($6.00) · 9d ago
Appraisal NAV
$37.42 · frozen
Premium / discount vs NAV
-84.0% · frozen
Underlying value
$58,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$38,900.00
Median rent (ACS)
$1,014.00
HUD fair market rent
$1,620.00 (4BR · ZIP)
Rent vs HUD FMR
-39.2%
County-implied value (2× assessed)
$57,200.00
Last recorded sale
$40,000.00 (2024-02-08)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
22.40%
Vacancy rate (county)
12.90%
Income vs county
-51.3%
Income trend
+35.6%
Population trend
+13.3%
County tax standing
SUBJECT TO FORECLOSURE · $6,105.96
Blight tickets
6 tickets · 4 unpaid ($4,575.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
393
Total tokens
1,550
Top holder
4.65%
Top 5
17.47%
Top 10
26.26%
Largest holding
50 tokens
Effective holders
90
HHI
111.1
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 393 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
4 Beds / 1 Bath
Size
1,313 sqft
Year built
1929
Operating since
2024-02-01 (2y 8m in)
Median income (tract)
$29,000.00
Population (tract)
2,100

Off-chain neighborhood data — US Census ACS 5-year (tract 537100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.