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RealT Secondary

3851 McClellan Ave, Detroit, MI 48214

🇺🇸 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.
3851 McClellan Ave, Detroit, MI 48214 — photo 1 1 / 6

Total Asset Value

$8,750

$62,600 raised

Price

$7.00 / token 0.0% vs previous fill

-86.0% vs issue price · NAV $43.20 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.68%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

69.23%

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

$7.00 · 1.451328 tokens 69.23%
$10.00 · 2.839323 tokens 48.44%
$10.37 · 3 tokens 46.73%

🔔 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 -86% 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
7d ago 0.035 $7.00 $0.25
11d ago 2.5137 $7.00 $17.60
Aug 3, 2026 0 - $0.00
Jul 7, 2026 1 $47.00 RMM $47.00
Jun 1, 2026 0.661 $11.60 $7.67
May 31, 2026 0.339 $11.60 $3.93
May 29, 2026 1.8393 $10.00 $18.40
May 29, 2026 1 $10.00 $10.00
May 27, 2026 1.1607 $10.00 $11.61
Mar 27, 2026 4 $1.00 $4.00
Mar 20, 2026 0.7 $10.00 $7.00
Mar 20, 2026 0.3 $10.00 $3.00
Mar 17, 2026 0.3 $15.95 $4.78
Mar 16, 2026 0.1 $15.95 $1.59
Mar 11, 2026 2 $15.00 $30.00
Mar 5, 2026 0.36 $14.55 $5.24
Mar 3, 2026 0.02 $13.90 $0.28
Mar 3, 2026 0.009 $13.17 $0.12
Feb 24, 2026 0.65 $13.17 $8.56
Feb 23, 2026 0.4403 $13.17 $5.80

Returns

7/11
Net APY
9.68%
Gross APY
14.22%
Cash-on-cash
9.68%
Gross rent / yr
$8,904.00
Monthly rent
$742.00
Net rent / yr
$6,057.60
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 185 fills, oldest first
Metric

interval

Mar 23 $1.00–$56.00 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 68%
Costs 32%
Net rent $6,057.60/yr distributed to holders of $8,904.00 gross rent collected

Valuation

11/17
Current price / token
$7.00 · 0.035 tokens ($0.25) · 7d ago
Appraisal NAV
$43.20 · frozen
Premium / discount vs NAV
-83.8% · frozen
Underlying value
$54,000.00
ZIP home value (Zillow)
$96,393.28
ZIP rent (Zillow)
$1,084.17
Median home value (ACS)
$54,100.00
Median rent (ACS)
$1,042.00
HUD fair market rent
$1,310.00 (3BR · ZIP)
Rent vs HUD FMR
-43.4%
Last recorded sale
$204,820.00 (2005-07-01)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
45.10%
Vacancy rate (county)
12.90%
Income vs county
-47.0%
Income trend
+54.6%
Population trend
-33.9%
County tax standing
FORFEITED · $393.15
Blight tickets
2 tickets · 1 unpaid ($305.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
496
Total tokens
1,250
Top holder
1.24%
Top 5
5.71%
Top 10
9.79%
Largest holding
11.789 tokens
Effective holders
288.1
HHI
34.7
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 496 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 VII LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1.5 Baths
Size
1,296 sqft
Year built
2006
Operating since
2023-03-12 (3y 7m in)
Median income (tract)
$31,548.00
Population (tract)
671

Off-chain neighborhood data — US Census ACS 5-year (tract 514500) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.