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RealT Secondary

11750 Morang Ave, 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.
11750 Morang Ave, Detroit, MI 48224 — photo 1 1 / 7

Total Asset Value

$60,001

$619,680 raised

Price

$5.00 / token -58.3% vs previous fill

-90.3% vs issue price · NAV $45.00 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.77%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

111.27%

assumes frozen rent keeps paying — unreliable

⚠️ Risk signals

✕ 2 ! 1 ✓ 3

red = caution · click to inspect each signal

Cheapest live asks on YAM — prices current; yield uses frozen rent

$5.00 · 3.220762 tokens 111.27%
$10.00 · 1 tokens 55.63%
$12.00 · 5.635057 tokens 46.36%

🔔 Watch this property

Get alerted when liquidity drops, a lawsuit is filed, or distributions stop.

Risk check Partly occupied 11/12 Tax foreclosure risk Blight fines unpaid Minimal flood risk Sellable -90% 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
12d ago 3.6572 $5.00 $18.29
Sep 21, 2026 0.145 $12.00 $1.74
Sep 21, 2026 0.1487 $12.00 $1.78
Sep 20, 2026 0.0085 $12.00 $0.10
Aug 27, 2026 0.1527 $12.00 $1.83
Aug 24, 2026 0.12 $12.00 $1.44
Aug 22, 2026 0.19 $12.00 $2.28
Aug 22, 2026 0.2 $12.00 $2.40
Jun 17, 2026 1 $11.00 $11.00
May 18, 2026 1 $13.50 $13.50
May 18, 2026 1 $13.50 $13.50
May 12, 2026 0.3 $11.95 $3.58
May 12, 2026 0.3 $11.95 $3.58
Apr 21, 2026 0.1 $11.65 $1.17
Mar 27, 2026 0.11 $6.00 $0.66
Mar 27, 2026 0.2 $7.00 $1.40
Mar 27, 2026 0.3 $7.00 $2.10
Mar 26, 2026 0.19 $10.00 $1.90
Mar 26, 2026 0.2 $10.00 $2.00
Mar 19, 2026 3 $10.00 $30.00

Returns

7/11
Net APY
10.77%
Gross APY
16.88%
Cash-on-cash
10.77%
Gross rent / yr
$104,580.00
Monthly rent
$8,715.00
Net rent / yr
$66,762.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 743 fills, oldest first
Metric

interval

Dec 22 $0.01–$70.00 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 64%
Costs 36%
Net rent $66,762.00/yr distributed to holders of $104,580.00 gross rent collected

Valuation

11/17
Current price / token
$5.00 · 3.6572 tokens ($18.29) · 12d ago
Appraisal NAV
$45.00 · frozen
Premium / discount vs NAV
-88.9% · frozen
Underlying value
$540,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$78,300.00
Median rent (ACS)
$1,266.00
HUD fair market rent
$1,800.00 (12BR · ZIP)
County-implied value (2× assessed)
$501,800.00
Last recorded sale
$470,000.00 (2022-01-12)

Risk

9/16
LTV
Not provided
Occupancy
11/12 units
Vacancy rate (tract)
18.00%
Vacancy rate (county)
12.90%
Income vs county
-17.1%
Income trend
+40.7%
Population trend
-7.6%
County tax standing
SUBJECT TO FORECLOSURE · $140,250.15
Blight tickets
87 tickets · 47 unpaid ($24,500.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Moderate
Holders (wallets)
623
Total tokens
12,000
Top holder
19.68%
Top 5
51.47%
Top 10
57.48%
Largest holding
1,856 tokens
Effective holders
11.8
HHI
844.9
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 623 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 III LLC
Location
Detroit, MI
Country
United States
Property type
Multi-family
Beds / baths
12x2 Bed / 12x1 Bath
Size
10,696 sqft
Year built
1956
Operating since
2021-12-13 (4y 10m in)
Median income (tract)
$49,336.00
Population (tract)
4,284

Off-chain neighborhood data — US Census ACS 5-year (tract 500700) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.