RealT Secondary

19396 Westphalia St, 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.

1 / 7

Total Asset Value

$7,000

$70,784 raised

Price

$5.00 / token -1.1% vs previous fill

-90.1% vs issue price · NAV $39.29 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.15%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

92.49%

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

$12.34 · 1.2283 tokens 37.47%

$15.17 · 0.120575 tokens 30.49%

$20.22 · 0.482501 tokens 22.87%

🔔 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 -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
10d ago	1.3344	$5.00	$6.67
Jul 29, 2026	0.0057	$55.18 RMM	$0.31
Jul 23, 2026	0.4521	$55.18 RMM	$24.95
Jun 28, 2026	0.5437	$55.18 RMM	$30.00
Apr 6, 2026	0.0006	$5.06	$0.00
Apr 6, 2026	0.12	$5.06	$0.61
Mar 23, 2026	0.3619	$15.17	$5.49
Mar 17, 2026	0.4	$16.40	$6.56
Mar 16, 2026	1	$20.22	$20.22
Mar 12, 2026	0.0069	$10.00	$0.07
Mar 12, 2026	0.0069	$1.00	$0.01
Mar 12, 2026	0.04	$1.00	$0.04
Mar 11, 2026	0.3	$15.00	$4.50
Mar 11, 2026	0.5	$15.00	$7.50
Mar 11, 2026	0.7371	$15.00	$11.06
Feb 23, 2026	0.1	$16.79	$1.68
Feb 22, 2026	1.2283	$15.37	$18.88
Feb 18, 2026	0.7923	$24.90	$19.73
Feb 17, 2026	0.1058	$33.90	$3.59
Feb 15, 2026	0.1121	$34.90	$3.91

Returns

7/11

Net APY: 9.15%
Gross APY: 16.19%
Cash-on-cash: 9.15%
Gross rent / yr: $11,460.00
Monthly rent: $955.00
Net rent / yr: $6,474.00
Total rent paid: Not provided
Payout cadence: Weekly

Executed trades — 178 fills, oldest first

Metric

interval

Feb 24 $0.01–$60.00 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 56%

Costs 44%

Net rent $6,474.00/yr distributed to holders of $11,460.00 gross rent collected

Valuation

12/17

Current price / token: $5.00 · 1.3344 tokens ($6.67) · 10d ago
Appraisal NAV: $39.29 · frozen
Premium / discount vs NAV: -87.3% · frozen
Underlying value: $55,000.00
ZIP home value (Zillow): $53,138.77
ZIP rent (Zillow): $1,284.13
Median home value (ACS): $71,800.00
Median rent (ACS): $1,170.00
HUD fair market rent: $1,590.00 (3BR · ZIP)
Rent vs HUD FMR: -39.9%
County-implied value (2× assessed): $51,400.00
Last recorded sale: $52,500.00 (2021-05-10)

Risk

9/16

LTV: Not provided
Occupancy: 1/1 units
Vacancy rate (tract): 18.50%
Vacancy rate (county): 12.90%
Income vs county: -34.2%
Income trend: +1.1%
Population trend: -6.4%
County tax standing: SUBJECT TO FORECLOSURE · $6,297.51
Blight tickets: 11 tickets · 6 unpaid ($1,500.00)
FEMA flood zone: Outside mapped hazard zones

Whale concentration

Low

Holders (wallets): 870
Total tokens: 1,400
Top holder: 3.30%
Top 5: 14.40%
Top 10: 23.56%
Largest holding: 34.096 tokens
Effective holders: 112.6
HHI: 88.8

Distribution of the top 25 holders and the combined remainder — hover for value & quantity

Holder 1: $1.34K; 3.3%
Holder 2: $1.28K; 3.16%
Holder 3: $1.22K; 3%
Holder 4: $1.06K; 2.62%
Holder 5: $950.01; 2.34%
Holder 6: $943.81; 2.32%
845 smaller holders: $25.49K; 62.72%

Read live from Gnosis Chain: every holder's on-chain balance across 870 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 II LLC
Location: Detroit, MI
Country: United States
Property type: Single-family
Beds / baths: 3 Beds / 1 Bath
Size: 1,108 sqft
Year built: 1948
Operating since: 2024-05-01 (2y 5m in)
Median income (tract): $39,160.00
Population (tract): 3,077

Off-chain neighborhood data — US Census ACS 5-year (tract 503300) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.

Legal & Compliance

5/9

Issuer: RealToken, Inc. ↗
Legal wrapper / SPV: Per-property US LLC — token = LLC membership interest.
Jurisdiction: Delaware / Michigan, USA
Network: Gnosis Chain
On-chain contract: 0xa5f2a5bcd08ddf43a06bc835de8754257e2788ff