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RealT Secondary

16810 Bringard Dr, Detroit, MI 48205

🇺🇸 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.
16810 Bringard Dr, Detroit, MI 48205 — photo 1 1 / 12

Total Asset Value

$7,200

$60,228 raised

Price

$6.00 / token -55.6% vs previous fill

-88.0% vs issue price · NAV $41.67 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

11.49%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

96.08%

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

$15.66 · 2 tokens 36.81%
$43.00 · 1 tokens 13.41%
$49.00 · 9.111 tokens 11.77%

🔔 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 7, 2026 1.0364 $55.00 RMM $57.00
Jul 7, 2026 0.9636 $55.00 RMM $53.00
May 27, 2026 0.4419 $13.50 $5.97
May 23, 2026 1 $13.50 $13.50
May 17, 2026 0.2041 $13.50 $2.76
May 17, 2026 0.2 $13.50 $2.70
May 3, 2026 0.154 $15.00 $2.31
Apr 13, 2026 8.8101 $50.00 RMM $440.50
Mar 14, 2026 0.001 $50.00 RMM $0.05
Mar 14, 2026 0.0743 $30.00 $2.23
Mar 11, 2026 1 $20.00 $20.00
Feb 25, 2026 0.0458 $15.66 $0.72
Feb 23, 2026 0.2608 $15.66 $4.08
Feb 23, 2026 1.6934 $16.91 $28.63
Feb 13, 2026 1 $29.50 $29.50
Feb 13, 2026 2 $30.00 $60.00
Feb 13, 2026 7 $30.00 $210.00
Feb 7, 2026 1 $30.00 $30.00
Feb 5, 2026 1.9257 $30.00 $57.77

Returns

7/11
Net APY
11.49%
Gross APY
19.63%
Cash-on-cash
11.49%
Gross rent / yr
$11,820.00
Monthly rent
$985.00
Net rent / yr
$6,918.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 281 fills, oldest first
Metric

interval

Jan 23 $0.01–$64.99 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 59%
Costs 41%
Net rent $6,918.00/yr distributed to holders of $11,820.00 gross rent collected

Valuation

12/17
Current price / token
$6.00 · 1 tokens ($6.00) · 8d ago
Appraisal NAV
$41.67 · frozen
Premium / discount vs NAV
-85.6% · frozen
Underlying value
$50,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$55,600.00
Median rent (ACS)
$1,155.00
HUD fair market rent
$1,590.00 (3BR · ZIP)
Rent vs HUD FMR
-38.1%
County-implied value (2× assessed)
$56,800.00
Last recorded sale
$40,000.00 (2022-12-06)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
18.70%
Vacancy rate (county)
12.90%
Income vs county
-28.5%
Income trend
+15.5%
Population trend
+32.0%
County tax standing
SUBJECT TO FORECLOSURE · $6,715.20
Blight tickets
6 tickets · 5 unpaid ($1,580.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
309
Total tokens
1,200
Top holder
3.41%
Top 5
12.29%
Top 10
18.92%
Largest holding
30.143 tokens
Effective holders
114
HHI
87.7
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 309 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 II, LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 1 Bath
Size
1,245 sqft
Year built
1946
Operating since
2022-11-01 (3y 11m in)
Median income (tract)
$42,537.00
Population (tract)
4,042

Off-chain neighborhood data — US Census ACS 5-year (tract 500100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.