5915 Leeway Dr, Midland, MI, 48640 | 6.45% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $2,620/mo, and a $2,387/mo payment. Purchase price stands at $487,700, and rental yield measures 6.45% with $2,620/mo rent. Return on cash invested shows 15.48% in year one, and 5% annual appreciation builds toward $134,743 over five years. Five-year ROI reaches 79.65% and total cumulative return in cash records $128,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,620/mo property income covering a $2,387/mo payment rather than investor’s personal income.

Single Family

Built in 2025

0.26 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48640, Midland, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,874 (100%)
Owner Occupied HU	10,179 (73.4%)
Renter Occupied HU	2,982 (21.5%)
Vacant Housing Units	713 ( 5.1%)
Median Home Value	$218,735
Average Home Value	$255,286