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RealT Secondary

12605 Payton 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.
12605 Payton St, Detroit, MI 48224 — photo 1 1 / 3

Total Asset Value

$18,810

$90,270 raised

Price

$10.45 / token +4.5% vs previous fill

-79.2% vs issue price · NAV $37.22 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.05%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

43.41%

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

$10.38 · 1 tokens 43.71%
$11.00 · 2 tokens 41.24%
$12.00 · 2 tokens 37.81%

🔔 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 -79% 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
Jun 3, 2026 0.1 $10.45 $1.04
May 24, 2026 3.5323 $10.00 $35.32
May 24, 2026 0.4677 $10.00 $4.68
May 10, 2026 0.3 $12.16 $3.65
May 1, 2026 0.5429 $54.69 RMM $29.69
Apr 16, 2026 0.3 $11.07 $3.32
Apr 13, 2026 0.9 $11.97 $10.77
Apr 13, 2026 0.4 $10.70 $4.28
Apr 8, 2026 0.15 $9.15 $1.37
Apr 7, 2026 0.25 $8.65 $2.16
Apr 7, 2026 0.2 $8.18 $1.64
Apr 3, 2026 1 $11.97 $11.97
Apr 3, 2026 0.35 $7.95 $2.78
Mar 28, 2026 0.0035 $4.99 $0.02
Mar 28, 2026 2.08 $4.99 $10.38
Mar 28, 2026 0.5003 $6.90 $3.45
Mar 28, 2026 0.4041 $7.90 $3.19
Mar 27, 2026 0.5491 $8.90 $4.89
Mar 27, 2026 1.1652 $7.00 $8.16
Mar 25, 2026 1 $10.00 $10.00

Returns

7/11
Net APY
9.05%
Gross APY
15.89%
Cash-on-cash
9.05%
Gross rent / yr
$14,340.00
Monthly rent
$1,195.00
Net rent / yr
$8,166.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 95 fills, oldest first
Metric

interval

Jun 24 $0.00–$55.90 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 57%
Costs 43%
Net rent $8,166.00/yr distributed to holders of $14,340.00 gross rent collected

Valuation

12/17
Current price / token
$10.45 · 0.1 tokens ($1.04) · Jun 3, 2026
Appraisal NAV
$37.22 · frozen
Premium / discount vs NAV
-71.9% · frozen
Underlying value
$67,000.00
ZIP home value (Zillow)
$81,949.80
ZIP rent (Zillow)
$1,338.24
Median home value (ACS)
$78,300.00
Median rent (ACS)
$1,266.00
HUD fair market rent
$1,660.00 (3BR · ZIP)
Rent vs HUD FMR
-28.0%
County-implied value (2× assessed)
$56,000.00
Last recorded sale
$91,000.00 (2023-01-18)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
18.00%
Vacancy rate (county)
12.90%
Income vs county
-17.1%
Income trend
+40.7%
Population trend
-7.6%
County tax standing
SUBJECT TO FORECLOSURE · $4,304.11
Blight tickets
7 tickets · 6 unpaid ($1,940.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
372
Total tokens
1,800
Top holder
12.44%
Top 5
30.33%
Top 10
37.24%
Largest holding
180 tokens
Effective holders
28.3
HHI
353
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 372 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 X LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
3 Beds / 1 Bath
Size
1,002 sqft
Year built
1943
Operating since
2024-08-15 (2y 2m in)
Median income (tract)
$49,336.00
Population (tract)
4,284

Off-chain neighborhood data — US Census ACS 5-year (tract 500700) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.