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$389,900

For Sale - Active
11040 Blackwood Dr, New Port Richey, FL 34654
3 Beds
3 Baths
1,448 Square Feet
0.93 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Sep 04, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
-$862
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.2%

Property Description


0.93 Acres Lot
Built in 1978
For Sale - Active
Units n/a

Check out this cute, country style home with 3 bedrooms, 2.5 bathrooms, 2-car garage, right under 1 acre with NO HOA!! PAVED ROAD AND A CORNER LOT!! Located in a HIGH & DRY area with ER Zoning. Surrounded by custom single family homes. This is a VERY private location, just off State Rd 52, with no through traffic. There are only two streets so rest assured you should expect - peace and quiet. This home sits in a park like setting where there are plenty of trees and shade. Separate Living Area and Den with a Wood Burning Fireplace. Split Bedroom Floor Plan that is perfect for family and/or guests that visit. Step out onto your covered screened-in patio to enjoy your morning coffee and those warm Florida days! Kitchen Reverse Osmosis System Installed. Upgrades Include: Well Pump 2017, Garage Door Opener 2019, Refrigerator 2022, Dishwasher 2024, Roof 2010, HVAC 2013, Windows 2011, Metal Storage Shed. Total Square Footage is right under 2,300 square feet. Oversized Garage right under 500 square feet with workshop space. NO FLOOD ZONE!! Be at TPA International Airport in less than 35 minutes on the Suncoast Parkway. Less than an hour drive to St Petersburg.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0825170040000000280
  • Lot Size: 40607 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1978

Tax Information

  • Annual Tax: $1,284

Utilities

  • Water & Sewer: Private, Well
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Jarid Weddle
RE/MAX MARKETING SPECIALISTS
(540) 613-0744

Source:
Stellar MLS
MLS#: TB8414946
Stellar MLS

Investment Summary


Monthly Cash Flow
-$862
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.2%

Purchase Details

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Purchase price:
$389,900
Amount financed:
-$311,920
Down payment:
$77,980
Closing costs:
$11,697
Rehab costs:
$0
Initial cash invested:
$89,677
Square feet:
1,448
Cost per square foot:
$269
Monthly rent per square foot:
$1.24

Financing Details

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Loan amount:
$311,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,997
Property tax:
$107
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,230

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$107-$1,284
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$557-$6,684

Cash Flow


Monthly Yearly
Net operating income:
$1,135 $13,620
Mortgage payments:
-$1,997 -$23,964
Cash flow:
$862 $10,344