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RealT Secondary

9920 Bishop St, 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.
9920 Bishop St, Detroit, MI 48224 — photo 1

Total Asset Value

$8,400

$68,604 raised

Price

$7.00 / token -57.4% vs previous fill

-87.8% vs issue price · NAV $56.67 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

12.34%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

100.81%

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

$7.00 · 0.957542 tokens 100.81%
$57.19 · 1 tokens 12.34%
$69.40 · 3 tokens 10.17%

🔔 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
8d ago 0.0425 $7.00 $0.30
Jul 17, 2026 0.015 $69.50 RMM $1.04
Mar 11, 2026 0.1 $16.42 $1.64
Mar 1, 2026 1 $20.00 $20.00
Feb 17, 2026 0.9398 $21.00 $19.73
Feb 17, 2026 0.0348 $21.00 $0.73
Feb 10, 2026 0.0255 $34.00 $0.87
Jan 10, 2026 5 $57.20 $286.00
Dec 1, 2025 1 $53.09 $53.09
Oct 31, 2025 2 $56.00 $112.00
Oct 3, 2025 1 $55.50 $55.50
Sep 9, 2025 1 $59.00 $59.00
Sep 2, 2025 1 $57.00 $57.00
Sep 2, 2025 5.098 $58.78 $299.66
Sep 2, 2025 1 $54.88 $54.88
Sep 1, 2025 1 $50.88 RMM $50.88
Aug 23, 2025 1 $69.30 $69.30
Aug 19, 2025 1 $60.30 $60.30
Jul 24, 2025 1 $57.00 $57.00
Jul 21, 2025 1 $56.03 RMM $56.03

Returns

7/11
Net APY
12.34%
Gross APY
15.27%
Cash-on-cash
12.34%
Gross rent / yr
$10,476.00
Monthly rent
$873.00
Net rent / yr
$8,468.40
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 145 fills, oldest first
Metric

interval

Jan 23 $1.00–$100.64 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 81%
Costs 19%
Net rent $8,468.40/yr distributed to holders of $10,476.00 gross rent collected

Valuation

12/17
Current price / token
$7.00 · 0.0425 tokens ($0.30) · 8d ago
Appraisal NAV
$56.67 · frozen
Premium / discount vs NAV
-87.6% · frozen
Underlying value
$68,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$54,700.00
Median rent (ACS)
$1,254.00
HUD fair market rent
$1,660.00 (3BR · ZIP)
Rent vs HUD FMR
-47.4%
County-implied value (2× assessed)
$46,200.00
Last recorded sale
$56,500.00 (2021-05-06)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
30.70%
Vacancy rate (county)
12.90%
Income vs county
-42.8%
Income trend
-9.3%
Population trend
-13.5%
County tax standing
SUBJECT TO FORECLOSURE · $8,815.65
Blight tickets
18 tickets · 12 unpaid ($4,510.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Moderate
Holders (wallets)
222
Total tokens
1,200
Top holder
13.41%
Top 5
44.71%
Top 10
54.43%
Largest holding
120 tokens
Effective holders
19.5
HHI
512.9
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 222 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 1 LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 1 Bath
Size
834 sqft
Year built
1951
Operating since
2021-04-13 (5y 6m in)
Median income (tract)
$34,063.00
Population (tract)
2,933

Off-chain neighborhood data — US Census ACS 5-year (tract 501000) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.