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329 Rice Ln - Rice lane Camp Ground 1,792 SF Specialty Building Offered at $847,503 CAD at a 8.61% 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$86,174
|
$48.09
|
| Other Income |
$6,566
|
$3.66
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,740
|
$51.75
|
| Taxes |
$957
|
$0.53
|
| Operating Expenses |
$18,739
|
$10.46
|
| Total Expenses |
$19,697
|
$10.99
|
| Net Operating Income |
$73,043
|
$40.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $86,174 |
| Annual Per SF | $48.09 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,566 |
| Annual Per SF | $3.66 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,740 |
| Annual Per SF | $51.75 |
| Taxes (CAD) | |
|---|---|
| Annual | $957 |
| Annual Per SF | $0.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,739 |
| Annual Per SF | $10.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,697 |
| Annual Per SF | $10.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $73,043 |
| Annual Per SF | $40.76 |
Property Facts
| Price | $847,503 CAD | Building Class | C |
| Price Per SF | $472.94 CAD | Lot Size | 2.09 AC |
| Sale Type | Investment | Building Size | 1,792 SF |
| Cap Rate | 8.61% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Property Subtype | Trailer/Camper Park | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $847,503 CAD |
| Price Per SF | $472.94 CAD |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| 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 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 047-043.01 | Total Assessment | $56,445 CAD |
| Land Assessment | $10,061 CAD | Annual Taxes | $957 CAD ($0.53 CAD/SF) |
| Improvements Assessment | $46,384 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
047-043.01
Land Assessment
$10,061 CAD
Improvements Assessment
$46,384 CAD
Total Assessment
$56,445 CAD
Annual Taxes
$957 CAD ($0.53 CAD/SF)
Tax Year
2025
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329 Rice Ln - Rice lane Camp Ground
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