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RealT Secondary

15777 Ardmore 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.
15777 Ardmore St, Detroit, MI 48227 — photo 1 1 / 3

Total Asset Value

$7,540

$62,881 raised

Price

$5.80 / token -55.4% vs previous fill

-88.0% vs issue price · NAV $46.92 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

10.81%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

90.15%

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

$5.80 · 1.940558 tokens 90.15%
$13.83 · 1 tokens 37.81%
$15.00 · 2 tokens 34.86%

🔔 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
No recent trades
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 0.0594 $5.80 $0.34
Mar 18, 2026 2 $13.00 $26.00
Mar 9, 2026 0.944 $8.22 $7.76
Feb 22, 2026 0.056 $14.70 $0.82
Feb 17, 2026 2 $19.00 $38.00
Dec 24, 2025 1 $47.00 $47.00
Nov 28, 2025 0.2 $42.80 RMM $8.56
Oct 16, 2025 6 $48.30 $289.80
Oct 16, 2025 3 $46.39 $139.18
Sep 30, 2025 0.19 $40.15 RMM $7.63
Sep 30, 2025 0.01 $40.15 RMM $0.40
Sep 18, 2025 0.04 $48.37 $1.93
Sep 17, 2025 1 $48.37 $48.37
Sep 15, 2025 1.52 $46.50 $70.68
Sep 7, 2025 0.2 $43.05 RMM $8.61
Aug 23, 2025 0.05 $47.02 RMM $2.35
Aug 19, 2025 1 $45.90 $45.90
Aug 10, 2025 0 - $0.00
Aug 10, 2025 0.999 $52.00 RMM $51.95
Aug 8, 2025 0.8523 $48.00 $40.91

Returns

7/11
Net APY
10.81%
Gross APY
18.70%
Cash-on-cash
10.81%
Gross rent / yr
$11,760.00
Monthly rent
$980.00
Net rent / yr
$6,797.60
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 125 fills, oldest first
Metric

interval

Jan 23 $5.80–$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 58%
Costs 42%
Net rent $6,797.60/yr distributed to holders of $11,760.00 gross rent collected

Valuation

12/17
Current price / token
$5.80 · 0.0594 tokens ($0.34) · 9d ago
Appraisal NAV
$46.92 · frozen
Premium / discount vs NAV
-87.6% · frozen
Underlying value
$61,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$66,600.00
Median rent (ACS)
$1,302.00
HUD fair market rent
$1,490.00 (3BR · ZIP)
Rent vs HUD FMR
-34.2%
County-implied value (2× assessed)
$55,200.00
Last recorded sale
$1,000.00 (2011-12-27)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
11.60%
Vacancy rate (county)
12.90%
Income vs county
-44.0%
Income trend
-21.5%
Population trend
+8.8%
County tax standing
SUBJECT TO FORECLOSURE · $6,923.91
Blight tickets
12 tickets · 5 unpaid ($1,305.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
181
Total tokens
1,300
Top holder
16.37%
Top 5
35.91%
Top 10
45.58%
Largest holding
65 tokens
Effective holders
23.8
HHI
419.9
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 181 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 III LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed. / 1 Bath
Size
1,456 sqft
Year built
1931
Operating since
2020-12-17 (5y 9m in)
Median income (tract)
$33,348.00
Population (tract)
2,976

Off-chain neighborhood data — US Census ACS 5-year (tract 537500) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.