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RealT Secondary

13885 Bringard Dr, 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.
13885 Bringard Dr, Detroit, MI 48205 — photo 1 1 / 8

Total Asset Value

$9,600

$80,448 raised

Price

$6.00 / token 0.0% vs previous fill

-88.1% vs issue price · NAV $38.13 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.40%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

78.75%

assumes frozen rent keeps paying — unreliable

⚠️ Risk signals

✕ 1 ! 1 ✓ 4

red = caution · click to inspect each signal

Cheapest live asks on YAM — prices current; yield uses frozen rent

$40.01 · 1 tokens 11.81%
$40.01 · 2 tokens 11.81%
$45.00 · 1 tokens 10.50%

🔔 Watch this property

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

Risk check Fully occupied Property tax delinquent 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
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
9d ago 0.8333 $6.00 $5.00
9d ago 0.1667 $6.00 $1.00
Jul 7, 2026 1 $49.45 RMM $49.45
Jun 3, 2026 0.7401 $20.01 $14.81
Mar 22, 2026 11 $5.00 $55.00
Mar 8, 2026 0.0068 $1.00 $0.01
Mar 8, 2026 0.4 $1.00 $0.40
Feb 21, 2026 0.4981 $24.90 $12.40
Feb 20, 2026 0.05 $29.50 $1.48
Feb 18, 2026 0.1174 $15.00 $1.76
Feb 13, 2026 4 $29.90 $119.60
Feb 13, 2026 6 $30.00 $180.00
Feb 8, 2026 0.02 $29.90 $0.60
Feb 7, 2026 0.5176 $30.00 $15.53
Feb 1, 2026 0.0251 $39.89 $1.00
Jan 22, 2026 0.5162 $35.20 $18.17
Jan 21, 2026 0.4838 $35.20 $17.03
Dec 31, 2025 0.8638 $41.00 $35.41
Dec 30, 2025 0.07 $42.00 $2.94
Dec 30, 2025 0.0662 $42.00 $2.78

Returns

7/11
Net APY
9.40%
Gross APY
15.66%
Cash-on-cash
9.40%
Gross rent / yr
$12,600.00
Monthly rent
$1,050.00
Net rent / yr
$7,560.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 177 fills, oldest first
Metric

interval

Jan 24 $1.00–$79.00 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 60%
Costs 40%
Net rent $7,560.00/yr distributed to holders of $12,600.00 gross rent collected

Valuation

12/17
Current price / token
$6.00 · 0.8333 tokens ($5.00) · 9d ago
Appraisal NAV
$38.13 · frozen
Premium / discount vs NAV
-84.3% · frozen
Underlying value
$61,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$72,900.00
Median rent (ACS)
$1,222.00
HUD fair market rent
$1,590.00 (3BR · ZIP)
Rent vs HUD FMR
-34.0%
County-implied value (2× assessed)
$78,400.00
Last recorded sale
$33,000.00 (2018-02-02)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
7.20%
Vacancy rate (county)
12.90%
Income vs county
-20.0%
Income trend
+29.8%
Population trend
-12.2%
County tax standing
DELINQUENT · $2,260.82
Blight tickets
6 tickets · 1 unpaid ($305.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
429
Total tokens
1,600
Top holder
5.99%
Top 5
18.16%
Top 10
24.59%
Largest holding
69 tokens
Effective holders
86.3
HHI
115.8
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 429 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
1,169 sqft
Year built
1939
Operating since
2024-03-01 (2y 7m in)
Median income (tract)
$47,617.00
Population (tract)
2,783

Off-chain neighborhood data — US Census ACS 5-year (tract 503100) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.