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RealT Secondary

11078 Wayburn 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.
11078 Wayburn St, Detroit, MI 48224 — photo 1

Total Asset Value

$18,000

$62,196 raised

Price

$15.00 / token 0.0% vs previous fill

-71.1% vs issue price · NAV $50.83 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

11.88%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

41.07%

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

$8.00 · 1 tokens 77.00%
$51.00 · 19.899996 tokens 12.08%
$51.83 · 1 tokens 11.88%

🔔 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 -71% 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 6, 2026 0.1 $51.00 RMM $5.10
May 13, 2026 2.0933 $15.00 $31.40
Apr 22, 2026 0.6667 $15.00 $10.00
Apr 21, 2026 0.23 $15.00 $3.45
Feb 27, 2026 1 $18.92 $18.92
Feb 17, 2026 0.9301 $19.00 $17.67
Feb 17, 2026 0.05 $19.00 $0.95
Feb 15, 2026 0.21 $20.00 $4.20
Feb 14, 2026 2.99 $5.18 $15.50
Feb 10, 2026 0.02 $31.00 $0.62
Dec 24, 2025 1 $46.65 $46.65
Dec 15, 2025 1 $46.65 $46.65
Sep 18, 2025 0.1 $51.83 $5.18
Sep 2, 2025 1 $56.58 $56.58
Aug 8, 2025 1 $51.60 $51.60
Aug 4, 2025 1 $53.56 $53.56
Aug 4, 2025 1 $53.40 $53.40
Aug 4, 2025 0.5 $52.00 $26.00
Aug 4, 2025 0.4972 $52.00 $25.85
Jul 24, 2025 0.5 $53.00 $26.50

Returns

7/11
Net APY
11.88%
Gross APY
15.44%
Cash-on-cash
11.88%
Gross rent / yr
$9,600.00
Monthly rent
$800.00
Net rent / yr
$7,392.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 200 fills, oldest first
Metric

interval

Jan 23 $5.18–$98.99 May 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 77%
Costs 23%
Net rent $7,392.00/yr distributed to holders of $9,600.00 gross rent collected

Valuation

12/17
Current price / token
$15.00 · 2.0933 tokens ($31.40) · May 13, 2026
Appraisal NAV
$50.83 · frozen
Premium / discount vs NAV
-70.5% · frozen
Underlying value
$61,000.00
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
-51.8%
County-implied value (2× assessed)
$58,000.00
Last recorded sale
$50,000.00 (2021-05-05)

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 · $9,553.11
Blight tickets
8 tickets · 5 unpaid ($1,800.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
234
Total tokens
1,200
Top holder
6.41%
Top 5
32.07%
Top 10
44.74%
Largest holding
60 tokens
Effective holders
36.4
HHI
274.4
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 234 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
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Bed / 1 Bath
Size
1,496 sqft
Year built
1938
Operating since
2021-03-29 (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.