396 Riggs Cir, Davenport, FL, 33897 | $200/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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396 Riggs Cir, Davenport, FL, 33897 | $200/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Motivated Seller

+ 1 more

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

Rental property for sale in Davenport at 396 Riggs Cir, Davenport, FL, 33897 generates $2,655/mo in rent and, after a $1,811/mo payment, leaves $200/mo in cash flow. Total monthly income is $2,655/mo, and annual cash flow is $2,395/yr on $122,655 invested. Return on cash invested sits at 21.86% in year one, and rental yield is 8.61% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 113.91% and total cumulative return in cash sums $139,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,655/mo property income rather than buyer’s personal income.

Single Family

Built in 1998

5,101 sqft lot

$N/A/sqft

No HOA

More details about the property

Short Sale. Spacious 5-bedroom pool home in Lake Davenport Estates offering over 2,200 sq ft of living space, an updated kitchen, and unbeatable proximity to Disney and Central Florida attractions. This home features an open, airy layout with vaulted ceilings, abundant natural light, and a beautifully renovated kitchen complete with quartz countertops and stainless-steel appliances. Enjoy the private screened-in pool and a fenced backyard; ideal as a primary residence, vacation home, or short-term rental investment (community allows STR). Home also includes leased solar panels that may be assumed by the new owner. The community offers fantastic amenities including a pool, playground, sports courts, and direct access to Northeast Regional Park. Located just minutes from Hwy 27, 192, 429, shopping, dining, and only 13 minutes from Disney, this property delivers both convenience and strong rental appeal. Property is being sold AS-IS and is a SHORT SALE, subject to lender approval. A great opportunity for buyers seeking space, location, and the chance to add value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33897, Davenport, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,034 (100%)
Owner Occupied HU	8,197 (54.5%)
Renter Occupied HU	2,928 (19.5%)
Vacant Housing Units	3,909 (26.0%)
Median Home Value	$331,383
Average Home Value	$360,837