Real Estate Investment Properties for Sale in Hemphill, TX

Looking for investment property in Hemphill, TX with high ROI ?

Explore a variety of short-term homes & houses in Hemphill, TX. Invest wisely with VRBO & Hemphill, TX Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Hemphill, TX

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
389 Lakeland Circle Hemphill, TX Toledo Bend Waterfront!! Nice camp/home sitting on a .85 acre corner lot in the ever popul...	2 beds \| 2 baths \| 1,200 sq.ft.	$329,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 3.37% Airbnb Rental Income: $2182 Traditional Rental Income: $2002 Airbnb ROI: 2.17% Traditional ROI: 3.37%
2102 Gateway Meadows Hemphill, TX Did somebody say Unrestricted Waterfront?! This 1B/1B sitting in the back of Housen Bay o...	1 beds \| 1 baths \| 968 sq.ft.	$179,500	Airbnb cash on cash: -1.03% Traditional cash on cash: 5% Airbnb Rental Income: $694 Traditional Rental Income: $1420 Airbnb ROI: -1.03% Traditional ROI: 5%
218 Lighthouse Drive N Hemphill, TX Discover lakeside living at its finest in this beautiful 3-bedroom, 3-bath estate perched ...	3 beds \| 3 baths \| 2,350 sq.ft.	$485,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 2.41% Airbnb Rental Income: $2991 Traditional Rental Income: $2450 Airbnb ROI: 2.09% Traditional ROI: 2.41%
912 Twin Cedar Drive Hemphill, TX Charming rustic home on just over 1 fenced acre in Twin Cedars Subdivision. This 2-bedroom...	2 beds \| 2 baths \| 1,134 sq.ft.	$339,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 3.63% Airbnb Rental Income: $2182 Traditional Rental Income: $1575 Airbnb ROI: 3.8% Traditional ROI: 3.63%
245 Shadow Drive Hemphill, TX BEAUTIFUL Sandy Creek Estates Home! Waterview with 1.8444 Acres. This home has 2400 Square...	3 beds \| 2 baths \| 2,400 sq.ft.	$449,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 2.45% Airbnb Rental Income: $2991 Traditional Rental Income: $1789 Airbnb ROI: 3.67% Traditional ROI: 2.45%
161 Spring Drive Hemphill, TX This stunning 2-bedroom, 2-bath partially furnished manufactured home has been gutted and ...	2 beds \| 2 baths \| 1,296 sq.ft.	$155,000	Airbnb cash on cash: 7.34% Traditional cash on cash: 7.55% Airbnb Rental Income: $2182 Traditional Rental Income: $1660 Airbnb ROI: 7.34% Traditional ROI: 7.55%
160 Erwin Street Hemphill, TX Stunning 3BR/2.5BA Two-Story Home in Hemphill, TX Prime Location Spacious 3-bedroom, 2.5-...	4 beds \| 3 baths \| 3,256 sq.ft.	$339,900	Airbnb cash on cash: 7.33% Traditional cash on cash: 4.84% Airbnb Rental Income: $3842 Traditional Rental Income: $2219 Airbnb ROI: 7.33% Traditional ROI: 4.84%
434 Ramsey Drive Hemphill, TX This property will be a nice get away or permanent residence with over an acre of beautifu...	3 beds \| 2 baths \| 1,216 sq.ft.	$430,000	Airbnb cash on cash: 3.72% Traditional cash on cash: 2.67% Airbnb Rental Income: $2991 Traditional Rental Income: $1882 Airbnb ROI: 3.72% Traditional ROI: 2.67%
613 S Kennon St Hemphill, TX This 2 story beauty backs up to the national forest and is a 3 Bedroom and /2 1/2 Bath an...	3 beds \| 3 baths \| 1,954 sq.ft.	$319,000	Airbnb cash on cash: 5.5% Traditional cash on cash: 4.21% Airbnb Rental Income: $2991 Traditional Rental Income: $1918 Airbnb ROI: 5.5% Traditional ROI: 4.21%
175 Confederate Drive Hemphill, TX MOTIVATED SELLER This beautiful brick home is setting on 3 landscaped corner lots, ...	2 beds \| 2 baths \| 1,540 sq.ft.	$266,400	Airbnb cash on cash: 3.32% Traditional cash on cash: 4.07% Airbnb Rental Income: $2182 Traditional Rental Income: $1817 Airbnb ROI: 3.32% Traditional ROI: 4.07%
188 Driftwood Loop Hemphill, TX !!!REDUCED WATERVIEW!!! Looking for a small home or camp at Toledo Bend? Look no more, th...	2 beds \| 2 baths \| 916 sq.ft.	$179,000	Airbnb cash on cash: 6.48% Traditional cash on cash: 5.96% Airbnb Rental Income: $2182 Traditional Rental Income: $1540 Airbnb ROI: 6.48% Traditional ROI: 5.96%
119 W Creekside Drive Hemphill, TX Great place for a get-away at the lake. Home is located near Lowes Creek on Toledo Bend on...	1 beds \| 1 baths \| 1,000 sq.ft.	$139,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 6.7% Airbnb Rental Income: $694 Traditional Rental Income: $1275 Airbnb ROI: 0.06% Traditional ROI: 6.7%
582 Johnson Drive Hemphill, TX You will get your money's worth with this one story home on THREE nice lots with 1768 Sq f...	2 beds \| 2 baths \| 1,768 sq.ft.	$172,500	Airbnb cash on cash: 6.58% Traditional cash on cash: 8.82% Airbnb Rental Income: $2182 Traditional Rental Income: $1997 Airbnb ROI: 6.58% Traditional ROI: 8.82%
1059 Scrappin Valley Hemphill, TX Great home nestled on 3.75 acres in the piney woods of East Texas! Home borders the breath...	3 beds \| 3 baths \| 1,980 sq.ft.	$364,000	Airbnb cash on cash: 4.71% Traditional cash on cash: 3.94% Airbnb Rental Income: $2991 Traditional Rental Income: $2040 Airbnb ROI: 4.71% Traditional ROI: 3.94%
2212 Gilleys Point Hemphill, TX WATERFRONT BEAUTY! Fully furnished and move-in ready with stunning lake views from every r...	2 beds \| 2 baths \| 1,456 sq.ft.	$399,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 2.57% Airbnb Rental Income: $2182 Traditional Rental Income: $1790 Airbnb ROI: 2.14% Traditional ROI: 2.57%
181 Pineridge Drive Hemphill, TX If you have been dreaming of a tranquil escape to the lake, this is the perfect opportunit...	2 beds \| 2 baths \| 840 sq.ft.	$135,000	Airbnb cash on cash: 8.69% Traditional cash on cash: 6.58% Airbnb Rental Income: $2182 Traditional Rental Income: $1356 Airbnb ROI: 8.69% Traditional ROI: 6.58%
282 Holly Bay Circle Hemphill, TX BUYERS INCENTIVE!!- $5,000 Buyers option to apply the $5,000 to closing fees, take it off ...	3 beds \| 2 baths \| 1,500 sq.ft.	$294,000	Airbnb cash on cash: 6.34% Traditional cash on cash: 4.7% Airbnb Rental Income: $2991 Traditional Rental Income: $1848 Airbnb ROI: 6.34% Traditional ROI: 4.7%
910 Lakeshore Drive Hemphill, TX Charming 2-Bedroom, 1-Bath Home in Pendleton Harbor. This comfortable frame home offers co...	2 beds \| 1 baths \| 1,344 sq.ft.	$189,000	Airbnb cash on cash: 7.17% Traditional cash on cash: 6.33% Airbnb Rental Income: $2182 Traditional Rental Income: $1478 Airbnb ROI: 7.17% Traditional ROI: 6.33%
159 Semaphore Court Hemphill, TX If you are wanting a place at the lake on the water with a little elbow room then you bett...	3 beds \| 2 baths \| 1,430 sq.ft.	$339,000	Airbnb cash on cash: 5.45% Traditional cash on cash: 3.78% Airbnb Rental Income: $2991 Traditional Rental Income: $1771 Airbnb ROI: 5.45% Traditional ROI: 3.78%
141 Stephen Austin Court Hemphill, TX A beautiful water-view home on Toledo Bend Lake. THIS ONE CHECKS ALL THE BOXES!It is sitti...	3 beds \| 2 baths \| 1,908 sq.ft.	$364,999	Airbnb cash on cash: 3.63% Traditional cash on cash: 3.15% Airbnb Rental Income: $2991 Traditional Rental Income: $2138 Airbnb ROI: 3.63% Traditional ROI: 3.15%
221 Winfree Dr Hemphill, TX If you're an outdoor enthusiast that likes to hunt and fish, this 6.69 acre tract in the T...	2 beds \| 3 baths \| 960 sq.ft.	$450,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 1.87% Airbnb Rental Income: $2182 Traditional Rental Income: $1361 Airbnb ROI: 2.51% Traditional ROI: 1.87%
314 Beechwood Loop Hemphill, TX This Quonset hut style custom home is built to last. PERFECT for a new get away fishing c...	2 beds \| 2 baths \| 1,230 sq.ft.	$145,000	Airbnb cash on cash: 9.04% Traditional cash on cash: 9.69% Airbnb Rental Income: $2182 Traditional Rental Income: $1719 Airbnb ROI: 9.04% Traditional ROI: 9.69%
391 Bonnies Lane Hemphill, TX Charming, cozy cabin having a fantastic serene and private setting, This beautifully craft...	2 beds \| 2 baths \| 960 sq.ft.	$250,000	Airbnb cash on cash: 4.66% Traditional cash on cash: 3.69% Airbnb Rental Income: $2182 Traditional Rental Income: $1399 Airbnb ROI: 4.66% Traditional ROI: 3.69%
780 Worth Street Hemphill, TX 2BR/2BA Home in Prime Hemphill Location! Step into comfort and convenience with this beaut...	2 beds \| 2 baths \| 1,380 sq.ft.	$158,000	Airbnb cash on cash: 8.27% Traditional cash on cash: 9.16% Airbnb Rental Income: $2182 Traditional Rental Income: $1763 Airbnb ROI: 8.27% Traditional ROI: 9.16%
321 Apache Drive Hemphill, TX This charming 3 yr old, 2 bed/1bath home offers cozy living with modern finishes, perfect ...	2 beds \| 1 baths \| 864 sq.ft.	$185,000	Airbnb cash on cash: 7.51% Traditional cash on cash: 5.91% Airbnb Rental Income: $2182 Traditional Rental Income: $1348 Airbnb ROI: 7.51% Traditional ROI: 5.91%
1639 SH 87 S Hemphill, TX This charming three-bedroom, two-bath brick home offers timeless appeal and sits on 2 beau...	3 beds \| 2 baths \| 1,512 sq.ft.	$290,000	Airbnb cash on cash: 6.06% Traditional cash on cash: 4.1% Airbnb Rental Income: $2991 Traditional Rental Income: $1767 Airbnb ROI: 6.06% Traditional ROI: 4.1%
279 Holly Bay Circle Hemphill, TX Cozy Brick, Waterview on Toledo Bend with 3B/2B, plus office/hobby room. Community water b...	3 beds \| 2 baths \| 1,928 sq.ft.	$250,000	Airbnb cash on cash: 7.74% Traditional cash on cash: 6.78% Airbnb Rental Income: $2991 Traditional Rental Income: $2076 Airbnb ROI: 7.74% Traditional ROI: 6.78%
2330 Sabinetown Road Hemphill, TX Donât miss this beautifully remodeled 3 bedroom, 2 bathroom home situated on 5.79 acres ...	3 beds \| 2 baths \| 1,200 sq.ft.	$288,000	Airbnb cash on cash: 5.37% Traditional cash on cash: 3.59% Airbnb Rental Income: $2991 Traditional Rental Income: $1820 Airbnb ROI: 5.37% Traditional ROI: 3.59%
385 Cedar Ridge Hemphill, TX Nice water view home with a new roof! 2+ beautiful acres with she shed, fruit trees, and o...	4 beds \| 3 baths \| 2,304 sq.ft.	$369,000	Airbnb cash on cash: 5.65% Traditional cash on cash: 3.8% Airbnb Rental Income: $3842 Traditional Rental Income: $2371 Airbnb ROI: 5.65% Traditional ROI: 3.8%
170 Lydia Street Hemphill, TX TWO cabins! This inviting property offers multiple updated living spaces designed for comf...	1 beds \| 1 baths \| 600 sq.ft.	$99,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 1.65% Airbnb Rental Income: $694 Traditional Rental Income: $517 Airbnb ROI: 0.33% Traditional ROI: 1.65%
800 Grandview Drive Hemphill, TX Waterfront Apx.700' Shoreline At the back of Housen Bay, this lakefront property features ...	3 beds \| 2 baths \| 1,860 sq.ft.	$539,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 1.59% Airbnb Rental Income: $2991 Traditional Rental Income: $2307 Airbnb ROI: 1.58% Traditional ROI: 1.59%
219 Laguna Bend Hemphill, TX Tucked along the scenic shores of Toledo Bend Lake, this 1 1/2 story, 3-bedroom, 3-bath ho...	3 beds \| 3 baths \| 2,281 sq.ft.	$489,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 2.04% Airbnb Rental Income: $2991 Traditional Rental Income: $2305 Airbnb ROI: 2.03% Traditional ROI: 2.04%
1448 Sandy Creek Drive Hemphill, TX This house should check the most boxes for any serious buyer wanting an quality house on g...	4 beds \| 3 baths \| 2,500 sq.ft.	$599,990	Airbnb cash on cash: 2.41% Traditional cash on cash: 1.85% Airbnb Rental Income: $3842 Traditional Rental Income: $2700 Airbnb ROI: 2.41% Traditional ROI: 1.85%
422 Beechwood Loop Hemphill, TX New construction, 95% complete, 2600 sf luxurious lake front home w/grand entrance into 18...	3 beds \| 3 baths \| 2,600 sq.ft.	$679,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 1.39% Airbnb Rental Income: $2991 Traditional Rental Income: $2742 Airbnb ROI: 0.7% Traditional ROI: 1.39%
2530 Fairdale Road Hemphill, TX Extremely clean 2017 Oak Manor MH, approx. 15.5x64 with all kitchen appliances, washer & d...	2 beds \| 2 baths \| 992 sq.ft.	$135,000	Airbnb cash on cash: 9.09% Traditional cash on cash: 8.51% Airbnb Rental Income: $2182 Traditional Rental Income: $1554 Airbnb ROI: 9.09% Traditional ROI: 8.51%
131 Oak Lane Hemphill, TX Welcome to your dream lakeside retreat! This exquisite 3 bedroom, 2 bathroom barndominium ...	3 beds \| 2 baths \| 1,200 sq.ft.	$265,000	Airbnb cash on cash: 6.05% Traditional cash on cash: 2.9% Airbnb Rental Income: $2991 Traditional Rental Income: $1516 Airbnb ROI: 6.05% Traditional ROI: 2.9%
1155 Worth Street Hemphill, TX Beautifully maintained brick home near Toledo Bend Reservoir offers over 4,000 square feet...	4 beds \| 3 baths \| 4,548 sq.ft.	$350,000	Airbnb cash on cash: 6.1% Traditional cash on cash: 5.59% Airbnb Rental Income: $3842 Traditional Rental Income: $2843 Airbnb ROI: 6.1% Traditional ROI: 5.59%
152 N Oak Street Hemphill, TX HISTORICAL TOWN HOUSE ON THE SQUARE IN HEMPHILL AND A COMMERCIAL SPA BUILDING. THIS BEAUT...	3 beds \| 3 baths \| 2,000 sq.ft.	$385,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 2.75% Airbnb Rental Income: $2991 Traditional Rental Income: $2090 Airbnb ROI: 3.34% Traditional ROI: 2.75%
523 Beechridge Loop Hemphill, TX MOSTLY FURNISHED WATERVIEW PROPERTY LOCATED IN THE SOUGHT-AFTER FAIRMOUNT COMMUNITY! This ...	2 beds \| 1 baths \| 960 sq.ft.	$189,000	Airbnb cash on cash: 5.78% Traditional cash on cash: 1.05% Airbnb Rental Income: $2182 Traditional Rental Income: $780 Airbnb ROI: 5.78% Traditional ROI: 1.05%
10040 State Highway 87 S Hemphill, TX EXCEPTIONAL FIND! A 3B/2B, APX.1980 SQFT WATERFRONT HOME WITH GUEST HOUSE LOCATED IN A NON...	3 beds \| 2 baths \| 1,980 sq.ft.	$598,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 1.4% Airbnb Rental Income: $2991 Traditional Rental Income: $2428 Airbnb ROI: 1.17% Traditional ROI: 1.4%

Real Estate investment in Hemphill, TX

There are 68 properties for sale in the city of Hemphill . The median list price in Hemphill is $189,000 and the average price per square foot is $149. In March 2026, the average monthly cash on cash return in Hemphill is 5.00%. The average monthly rental income in Hemphill is $1,669.

Hemphill, TX Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 68 investment properties available for sale in Hemphill.

In 2026, the best neighborhood to buy investment property is Hemphill.

The ROI for Short-Term is higher than the Long-Term in Hemphill with average rental income of $2,991.

Your search for investment property begins and ends here

Investment Property for Sale in Hemphill, TX

389 Lakeland Circle

Hemphill, TX

2 beds | 2 baths | 1,200 sq.ft.

$329,000

Airbnb cash on cash: 2.17%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $2182

Traditional Rental Income: $2002

Airbnb ROI: 2.17%

Traditional ROI: 3.37%

2102 Gateway Meadows

Hemphill, TX

1 beds | 1 baths | 968 sq.ft.

$179,500

Airbnb cash on cash: -1.03%

Traditional cash on cash: 5%

Airbnb Rental Income: $694

Traditional Rental Income: $1420

Airbnb ROI: -1.03%

Traditional ROI: 5%

218 Lighthouse Drive N

Hemphill, TX

3 beds | 3 baths | 2,350 sq.ft.

$485,000

Airbnb cash on cash: 2.09%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2991

Traditional Rental Income: $2450

Airbnb ROI: 2.09%

Traditional ROI: 2.41%

912 Twin Cedar Drive

Hemphill, TX

2 beds | 2 baths | 1,134 sq.ft.

$339,000

Airbnb cash on cash: 3.8%

Traditional cash on cash: 3.63%

Airbnb Rental Income: $2182

Traditional Rental Income: $1575

Airbnb ROI: 3.8%

Traditional ROI: 3.63%

245 Shadow Drive

Hemphill, TX

3 beds | 2 baths | 2,400 sq.ft.

$449,000

Airbnb cash on cash: 3.67%

Traditional cash on cash: 2.45%

Airbnb Rental Income: $2991

Traditional Rental Income: $1789

Airbnb ROI: 3.67%

Traditional ROI: 2.45%

161 Spring Drive

Hemphill, TX

2 beds | 2 baths | 1,296 sq.ft.

$155,000

Airbnb cash on cash: 7.34%

Traditional cash on cash: 7.55%

Airbnb Rental Income: $2182

Traditional Rental Income: $1660

Airbnb ROI: 7.34%

Traditional ROI: 7.55%

160 Erwin Street

Hemphill, TX

4 beds | 3 baths | 3,256 sq.ft.

$339,900

Airbnb cash on cash: 7.33%

Traditional cash on cash: 4.84%

Airbnb Rental Income: $3842

Traditional Rental Income: $2219

Airbnb ROI: 7.33%

Traditional ROI: 4.84%

434 Ramsey Drive

Hemphill, TX

3 beds | 2 baths | 1,216 sq.ft.

$430,000

Airbnb cash on cash: 3.72%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $2991

Traditional Rental Income: $1882

Airbnb ROI: 3.72%