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RealT Secondary

15084 Lesure 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.
15084 Lesure St, Detroit, MI 48227 — photo 1 1 / 8

Total Asset Value

$13,800

$73,996 raised

Price

$10.00 / token -16.7% vs previous fill

-81.4% vs issue price · NAV $53.62 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

6.38%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

34.20%

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

$8.50 · 1 tokens 40.23%
$11.10 · 1 tokens 30.81%
$24.99 · 10 tokens 13.68%

🔔 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 -81% vs issue

Overview

4/5
Platform
RealT
Token symbol
Not provided
Asset class
Real estate
Market
Secondary
Status
Active

Exit & Liquidity

1/9
Sellability
No recent trades
Trades (7d)
Not provided

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
Jul 10, 2026 2.4953 $52.82 RMM $131.80
Jul 8, 2026 0.5017 $52.82 RMM $26.50
Jul 8, 2026 1 $52.82 RMM $52.82
Jul 8, 2026 1.003 $52.82 RMM $52.98
Jun 20, 2026 0.3033 $10.00 $3.03
Apr 7, 2026 0.75 $12.00 $9.00
Mar 25, 2026 0.25 $12.00 $3.00
Mar 20, 2026 0.5 $7.00 $3.50
Mar 20, 2026 1 $11.00 $11.00
Mar 19, 2026 0.5 $10.00 $5.00
Mar 12, 2026 0.0036 $4.29 $0.02
Mar 12, 2026 0.0036 $1.00 $0.00
Mar 12, 2026 0.03 $1.00 $0.03
Mar 11, 2026 0.9264 $16.00 $14.82
Mar 11, 2026 0.04 $21.00 $0.84
Feb 22, 2026 1 $16.25 $16.25
Feb 7, 2026 0.6967 $30.00 $20.90
Jan 24, 2026 0.0001 $41.00 $0.00
Jan 23, 2026 0.0001 $42.50 $0.00
Jan 22, 2026 0.2497 $35.00 $8.74

Returns

7/11
Net APY
6.38%
Gross APY
15.89%
Cash-on-cash
6.38%
Gross rent / yr
$11,760.00
Monthly rent
$980.00
Net rent / yr
$4,719.12
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 140 fills, oldest first
Metric

interval

Sep 23 $1.00–$65.00 Jun 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 40%
Costs 60%
Net rent $4,719.12/yr distributed to holders of $11,760.00 gross rent collected

Valuation

12/17
Current price / token
$10.00 · 0.3033 tokens ($3.03) · Jun 20, 2026
Appraisal NAV
$53.62 · frozen
Premium / discount vs NAV
-81.4% · frozen
Underlying value
$74,000.00
ZIP home value (Zillow)
$70,470.53
ZIP rent (Zillow)
$1,369.91
Median home value (ACS)
$38,900.00
Median rent (ACS)
$1,014.00
HUD fair market rent
$1,490.00 (3BR · ZIP)
Rent vs HUD FMR
-34.2%
County-implied value (2× assessed)
$67,000.00
Last recorded sale
$90,000.00 (2007-07-06)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
22.40%
Vacancy rate (county)
12.90%
Income vs county
-51.3%
Income trend
+35.6%
Population trend
+13.3%
County tax standing
SUBJECT TO FORECLOSURE · $9,396.40
Blight tickets
10 tickets · 6 unpaid ($1,720.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
523
Total tokens
1,380
Top holder
2.14%
Top 5
5.94%
Top 10
10.67%
Largest holding
22.698 tokens
Effective holders
239.6
HHI
41.7
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 523 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 VII LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 2 Baths
Size
1,543 sqft
Year built
1928
Operating since
2023-11-25 (2y 10m in)
Median income (tract)
$29,000.00
Population (tract)
2,100

Off-chain neighborhood data — US Census ACS 5-year (tract 537100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.