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RealT Secondary

18466 Fielding St, Detroit, MI 48219

🇺🇸 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.
18466 Fielding St, Detroit, MI 48219 — photo 1 1 / 4

Total Asset Value

$20,800

$70,694 raised

Price

$16.00 / token -20.0% vs previous fill

-70.6% vs issue price · NAV $53.08 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

11.92%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

40.51%

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

$6.00 · 1 tokens 108.02%
$16.00 · 1 tokens 40.51%
$45.90 · 5 tokens 14.12%

🔔 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 -71% vs issue

Overview

4/5
Platform
RealT
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

1/9
Sellability
No recent trades
Trades (7d)
Not provided

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
Aug 2, 2026 0.01 $63.86 RMM $0.64
Jul 6, 2026 0.01 $46.50 RMM $0.47
Mar 11, 2026 1 $16.00 $16.00
Mar 10, 2026 1 $20.00 $20.00
Feb 23, 2026 0.0495 $16.53 $0.82
Feb 22, 2026 0.0505 $16.53 $0.83
Feb 17, 2026 1 $19.00 $19.00
Jan 20, 2026 0.01 $46.00 $0.46
Jan 20, 2026 1 $46.00 $46.00
Jan 15, 2026 0.01 $46.00 $0.46
Dec 12, 2025 2 $48.94 $97.88
Dec 10, 2025 1 $47.74 $47.74
Nov 7, 2025 0.19 $52.50 RMM $9.97
Nov 1, 2025 0.1575 $54.38 $8.57
Sep 30, 2025 0.2 $45.14 RMM $9.03
Sep 29, 2025 1.2555 $53.90 $67.67
Sep 27, 2025 0.04 $53.90 $2.16
Sep 27, 2025 0.1 $54.38 $5.44
Sep 13, 2025 1 $54.38 $54.38
Sep 7, 2025 0.2 $48.40 RMM $9.68

Returns

7/11
Net APY
11.92%
Gross APY
15.85%
Cash-on-cash
11.92%
Gross rent / yr
$11,208.00
Monthly rent
$934.00
Net rent / yr
$8,425.28
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 158 fills, oldest first
Metric

interval

Jan 23 $16.00–$92.44 Mar 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 75%
Costs 25%
Net rent $8,425.28/yr distributed to holders of $11,208.00 gross rent collected

Valuation

12/17
Current price / token
$16.00 · 1 tokens ($16.00) · Mar 11, 2026
Appraisal NAV
$53.08 · frozen
Premium / discount vs NAV
-69.9% · frozen
Underlying value
$69,000.00
ZIP home value (Zillow)
$90,815.89
ZIP rent (Zillow)
$1,343.45
Median home value (ACS)
$50,500.00
Median rent (ACS)
$957.00
HUD fair market rent
$1,670.00 (3BR · ZIP)
Rent vs HUD FMR
-44.1%
County-implied value (2× assessed)
$60,400.00
Last recorded sale
$59,000.00 (2021-02-26)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
27.10%
Vacancy rate (county)
12.90%
Income vs county
-26.5%
Income trend
+113.4%
Population trend
-15.8%
County tax standing
SUBJECT TO FORECLOSURE · $9,348.29
Blight tickets
34 tickets · 15 unpaid ($5,345.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
156
Total tokens
1,300
Top holder
6.26%
Top 5
24.66%
Top 10
37.81%
Largest holding
20 tokens
Effective holders
46.7
HHI
214.1
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 156 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 REAL TOKEN II LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 1 Bath
Size
969 sqft
Year built
1940
Operating since
2021-02-01 (5y 8m in)
Median income (tract)
$43,750.00
Population (tract)
1,905

Off-chain neighborhood data — US Census ACS 5-year (tract 541100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.