518 Rollins Dr is a 3-bed, 2-bath single-family home in the Royal Ridge neighborhood of Davenport, FL, with 1,182 sqft of living space. Based on recent Davenport rent comps, the monthly rent potential ranges from $1,850 to $2,100, aligning with the city average for similar homes ($2,132/month)[1][4]. Annually, this yields $22.2K–$25.2K in gross revenue. With a property value near $271K, the estimated payback period is roughly 11–12 years, assuming minimal vacancy and expenses. The local market is currently cool, with increased inventory and softening demand, though Davenport’s rents remain above the national average[4][5]. The property’s functional layout, masonry construction, and location in a stable neighborhood support steady rental demand, though older construction (1999) may require updates to stay competitive.

To maximize rental value, consider modest upgrades—fresh paint, modern fixtures, and updated appliances can boost appeal and help reach the higher end of the rent range. If selling is on the table, timing is key: with rising inventory, presenting the property in top condition and emphasizing its income potential will attract both investors and owner-occupants. Highlight the home’s proximity to local amenities and the relatively affordable rent versus newer builds in the area.