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Medina River RV Park & Camping 605 Lakeshore Ln 18 Unit Mobile Home Park $469,900 ($26,106/Unit) 9.37% Cap Rate Bandera, TX 78003
Investment Highlights
- 9.37% Cap Rate with 18.25% Upside (no CapEx needed to achieve)
- Expansion-Ready Footprint: Immediately increase your inventory and NOI by developing additional pre-planned RV sites
- Built-in Diversification: A recession-resistant mix of short-term vacationers, cross-country travelers, and long-term residents
- Robust Infrastructure Floor: Dual water sources (municipal and private well) and fiber-optic connectivity
- Management Quick Wins: Massive upside available through minor operational shifts such as implementing online booking, allowing short-term guests, etc.
- Optimized for Remote Ownership: Meticulously designed for ease of maintenance and minimal on-site oversight
Executive Summary
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,760
|
$1.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$55,185
|
$0.45
|
| Effective Gross Income |
$67,575
|
$0.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
$23,567
|
$0.19
|
| Total Expenses |
$23,567
|
$0.19
|
| Net Operating Income |
$44,008
|
$0.36
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $122,760 |
| Annual Per SF | $1.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $55,185 |
| Annual Per SF | $0.45 |
| Effective Gross Income | |
|---|---|
| Annual | $67,575 |
| Annual Per SF | $0.55 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $23,567 |
| Annual Per SF | $0.19 |
| Total Expenses | |
|---|---|
| Annual | $23,567 |
| Annual Per SF | $0.19 |
| Net Operating Income | |
|---|---|
| Annual | $44,008 |
| Annual Per SF | $0.36 |
Property Facts
Amenities
Unit Amenities
- Fireplace
- Storage Space
- Washer/Dryer
- High Speed Internet Access
- Tub/Shower
- Wi-Fi
- Yard
- Grill
- Lawn
- Patio
- Workshop
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Waterfront
- Cabana
- Grill
- Guest Apartment
- Walking/Biking Trails
- Wi-Fi
- Storage Space
- Bicycle Storage
- Community-Wide WiFi
- Composting
- Lounge
- Multi Use Room
- Pet Washing Station
- Study Lounge
- Fiber Optic Internet
- Walk-Up
About 605 LAKESHORE LN , BANDERA, TX 78003
The Medina River Retreat: High-Yield Investment Meets Hill Country Serenity Unlock a rare 9.37% cap rate at only 64% occupancy with a clear path to 18.25% pro-forma returns (no CapEx needed). Simple upside adjustments include: +Accept short-term guests (current operator doesn't allow short-term stays) +Enable online booking (reservations are currently handled by phone and in person meetings) +Increase average stay rates (current park rates are 28% below competition) 2.82-acres nestled in the prime Texas Hill Country corridor between San Antonio and Bandera, Medina River RV Park & Camping offers the perfect blend of rustic escape and modern convenience. This meticulously maintained property spans 16 full-hookup 20/30/50-amp RV sites, 2 tent sites (1 with 20-amp), and expansion potential for at least 15 more RV sites—all tucked away along the tranquil banks of the Medina River. The Infrastructure Advantage: Unlike many rural parks, this site is built for durability and ease of use. It is a "turnkey" dream designed for remote management: +Redundant Utilities: Dual water sources (City & Well) and fiber-optic internet. +Permitted Systems: 6 conventional septic systems and 6 metered electrical poles. +Premium Amenities: Extra-wide sites, mature privacy trees, on-site laundry, shower/restroom facilities, and exclusive riverfront access. Untapped "Value-Add" Potential: The property has been passively managed for years, leaving a massive "buy-and-build" opportunity on the table for the next owner: +Immediate Expansion: Space already available to add 6+ additional RV sites. +Revenue Optimization: Boost NOI instantly by implementing online bookings, market-rate adjustments, monetizing firewood, laundry, and Wi-Fi, and leasing the additional sites. +Diverse Income: A steady mix of cross-country travelers, weekend vacationers, and long-term residents ensures year-round occupancy.
Property Taxes
| Parcel Number | 152246 | Total Assessment | $24,000 (2025) |
| Land Assessment | $16,390 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $7,610 (2025) | Tax Year | 2026 |
Property Taxes
Contact the Sale Advisor
Medina River RV Park & Camping | 605 Lakeshore Ln