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RealT Secondary

3747 Scovel Pl, Detroit, MI 48208

🇺🇸 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.
3747 Scovel Pl, Detroit, MI 48208 — photo 1 1 / 12

Total Asset Value

$96,600

$692,622 raised

Price

$7.00 / token -12.5% vs previous fill

-86.1% vs issue price · NAV $36.23 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

13.41%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

96.17%

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

$7.00 · 0.306323 tokens 96.17%
$8.00 · 0.81928 tokens 84.15%
$10.00 · 1 tokens 67.32%

🔔 Watch this property

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

Risk check Partly occupied 15/18 Tax foreclosure risk Blight fines unpaid Minimal flood risk Sellable -86% 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 0.6937 $7.00 $4.86
8d ago 0.1807 $8.00 $1.45
Aug 26, 2026 1.02 $50.00 RMM $51.00
Jul 21, 2026 0.335 $50.00 RMM $16.75
Jul 19, 2026 0.5 $50.00 RMM $25.00
Jul 19, 2026 0.0009 $50.00 RMM $0.05
Jul 9, 2026 1 $50.00 RMM $50.00
Jul 7, 2026 0.2 $50.00 RMM $10.00
Jul 7, 2026 1 $50.00 RMM $50.00
May 12, 2026 0.3 $12.53 $3.76
May 6, 2026 1 $16.00 $16.00
May 6, 2026 1 $15.50 $15.50
Apr 30, 2026 2.58 $9.95 $25.67
Apr 30, 2026 0.12 $9.95 $1.19
Apr 30, 2026 0.1 $9.95 $0.99
Apr 30, 2026 0.1 $9.95 $0.99
Apr 30, 2026 0.1 $9.95 $0.99
Apr 15, 2026 0.1 $11.20 $1.12
Mar 31, 2026 0.39 $9.00 $3.51
Mar 30, 2026 0.1 $9.00 $0.90

Returns

7/11
Net APY
13.41%
Gross APY
20.58%
Cash-on-cash
13.41%
Gross rent / yr
$142,560.00
Monthly rent
$11,880.00
Net rent / yr
$92,904.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 1142 fills, oldest first
Metric

interval

Dec 22 $0.01–$99.00 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 65%
Costs 35%
Net rent $92,904.00/yr distributed to holders of $142,560.00 gross rent collected

Valuation

11/17
Current price / token
$7.00 · 0.6937 tokens ($4.86) · 8d ago
Appraisal NAV
$36.23 · frozen
Premium / discount vs NAV
-80.7% · frozen
Underlying value
$500,000.00
ZIP home value (Zillow)
$132,707.50
ZIP rent (Zillow)
$1,306.11
Median home value (ACS)
$60,000.00
Median rent (ACS)
$1,028.00
HUD fair market rent
$1,470.00 (18BR · ZIP)
County-implied value (2× assessed)
$413,400.00
Last recorded sale
$33,000.00 (1978-12-01)

Risk

9/16
LTV
Not provided
Occupancy
15/18 units
Vacancy rate (tract)
50.50%
Vacancy rate (county)
12.90%
Income vs county
-47.0%
Income trend
+31.3% (county)
Population trend
+0.7% (county)
County tax standing
SUBJECT TO FORECLOSURE · $74,294.61
Blight tickets
38 tickets · 13 unpaid ($7,390.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
815
Total tokens
13,800
Top holder
21.20%
Top 5
42.17%
Top 10
48.93%
Largest holding
2,127 tokens
Effective holders
16.5
HHI
604.5
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 815 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
Multi-family
Beds / baths
18x1 Bed / 18x1 Bath
Size
9,260 sqft
Year built
1927
Operating since
2022-01-24 (4y 8m in)
Median income (tract)
$31,538.00
Population (tract)
1,968

Off-chain neighborhood data — US Census ACS 5-year (tract 527900) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.