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RealT Secondary

15662 Manning St, 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.
15662 Manning St, Detroit, MI 48205 — photo 1 1 / 5

Total Asset Value

$26,600

$67,524 raised

Price

$20.00 / token +11.1% vs previous fill

-60.6% vs issue price · NAV $39.10 · buy fee 3.00%

Buy on RealT ↗

🕒 Net yield · frozen

9.58%

frozen pre-suspension data — not current income

📈 Current Market Yield · frozen

24.32%

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

$9.00 · 1 tokens 54.04%
$20.00 · 0.49 tokens 24.32%
$35.00 · 0.757608 tokens 13.89%

🔔 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 -61% 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
Oct 1, 2026 1 $20.00 $20.00
Sep 29, 2026 1.986 $18.00 $35.75
Sep 29, 2026 2 $15.00 $30.00
Jul 26, 2026 0.0492 $51.85 RMM $2.55
Jul 19, 2026 0.2008 $51.85 RMM $10.41
Jul 19, 2026 0.2486 $51.85 RMM $12.89
Jul 8, 2026 0.5014 $51.85 RMM $26.00
Jun 30, 2026 5.0141 $10.00 $50.14
Jun 8, 2026 0.8859 $10.00 $8.86
Mar 19, 2026 1 $5.00 $5.00
Mar 5, 2026 0 - $0.00
Mar 5, 2026 0.2 $14.10 $2.82
Mar 5, 2026 0.8642 $12.88 $11.13
Mar 5, 2026 0.1358 $12.88 $1.75
Mar 5, 2026 0.1 $13.90 $1.39
Feb 24, 2026 1.0452 $13.08 $13.67
Feb 23, 2026 0.3341 $13.08 $4.37
Feb 22, 2026 0.6207 $15.08 $9.36
Feb 18, 2026 0.26 $20.00 $5.20
Feb 15, 2026 0.3 $20.00 $6.00

Returns

7/11
Net APY
9.58%
Gross APY
17.06%
Cash-on-cash
9.58%
Gross rent / yr
$11,520.00
Monthly rent
$960.00
Net rent / yr
$6,468.00
Total rent paid
Not provided
Payout cadence
Weekly
Executed trades — 134 fills, oldest first
Metric

interval

Apr 24 $5.00–$69.36 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 56%
Costs 44%
Net rent $6,468.00/yr distributed to holders of $11,520.00 gross rent collected

Valuation

12/17
Current price / token
$20.00 · 1 tokens ($20.00) · Oct 1, 2026
Appraisal NAV
$39.10 · frozen
Premium / discount vs NAV
-48.8% · frozen
Underlying value
$52,000.00
ZIP home value (Zillow)
$53,138.77
ZIP rent (Zillow)
$1,284.13
Median home value (ACS)
$43,800.00
Median rent (ACS)
$1,210.00
HUD fair market rent
$1,300.00 (2BR · ZIP)
Rent vs HUD FMR
-26.2%
County-implied value (2× assessed)
$43,200.00
Last recorded sale
$48,240.00 (2019-12-23)

Risk

9/16
LTV
Not provided
Occupancy
1/1 units
Vacancy rate (tract)
33.90%
Vacancy rate (county)
12.90%
Income vs county
-30.3%
Income trend
+19.1%
Population trend
+0.6%
County tax standing
SUBJECT TO FORECLOSURE · $4,561.81
Blight tickets
3 tickets · 2 unpaid ($610.00)
FEMA flood zone
Outside mapped hazard zones

Whale concentration

Low
Holders (wallets)
324
Total tokens
1,330
Top holder
4.76%
Top 5
16.38%
Top 10
26.29%
Largest holding
48 tokens
Effective holders
82.4
HHI
121.3
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 324 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 IX LLC
Location
Detroit, MI
Country
United States
Property type
Single-family
Beds / baths
2 Beds / 1 Bath
Size
960 sqft
Year built
1946
Operating since
2024-06-01 (2y 4m in)
Median income (tract)
$41,472.00
Population (tract)
1,947

Off-chain neighborhood data — US Census ACS 5-year (tract 500300) + Zillow ZIP indices, joined by geocoded address. Measured, not curated.