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329 Rice Ln - Rice lane Camp Ground 1,792 SF Specialty Building Offered at $625,000 at a 8.54% Cap Rate in Springville, TN 38256
Investment Highlights
- Usable all year round
- Minutes from several boat docks
- Has long term tenants in place. M2M
- Instant cash flow
Executive Summary
Income-generating campground property located in an unincorporated area just minutes from multiple boat ramps. The property features one double-wide mobile home, three cabins, four designated RV/camping sites, a bath house, and a laundry building equipped with three washers and three dryers. Additional improvements include a storage shed and garage shed. The property is leased year-round, offering steady income and an excellent opportunity for investors seeking a turnkey recreational rental property.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$63,000
|
$35.16
|
| Other Income |
$4,800
|
$2.68
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,800
|
$37.83
|
| Taxes |
$700
|
$0.39
|
| Operating Expenses |
$13,700
|
$7.65
|
| Total Expenses |
$14,400
|
$8.04
|
| Net Operating Income |
$53,400
|
$29.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $63,000 |
| Annual Per SF | $35.16 |
| Other Income | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $2.68 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,800 |
| Annual Per SF | $37.83 |
| Taxes | |
|---|---|
| Annual | $700 |
| Annual Per SF | $0.39 |
| Operating Expenses | |
|---|---|
| Annual | $13,700 |
| Annual Per SF | $7.65 |
| Total Expenses | |
|---|---|
| Annual | $14,400 |
| Annual Per SF | $8.04 |
| Net Operating Income | |
|---|---|
| Annual | $53,400 |
| Annual Per SF | $29.80 |
Property Facts
| Price | $625,000 | Building Class | C |
| Price Per SF | $348.77 | Lot Size | 2.09 AC |
| Sale Type | Investment | Building Size | 1,792 SF |
| Cap Rate | 8.54% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Property Subtype | Trailer/Camper Park | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $625,000 |
| Price Per SF | $348.77 |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 1,792 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Opportunity Zone |
Yes |
| Zoning | Residential |
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Property Taxes
| Parcel Number | 047-043.01 | Total Assessment | $41,375 |
| Land Assessment | $7,375 | Annual Taxes | $700 ($0.39/SF) |
| Improvements Assessment | $34,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
047-043.01
Land Assessment
$7,375
Improvements Assessment
$34,000
Total Assessment
$41,375
Annual Taxes
$700 ($0.39/SF)
Tax Year
2025
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329 Rice Ln - Rice lane Camp Ground
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