Real Estate Investment Properties for Sale in Penelope, TX

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

Explore a variety of short-term homes & houses in Penelope, TX. Invest wisely with VRBO & Penelope, 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 Penelope, TX

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1917 Fm 308 Penelope, TX Charming older home nestled on 174 acres of fertile land. This established farm features a...	3 beds \| 2 baths \| 1,760 sq.ft.	$1,549,000	Airbnb cash on cash: 0.54% Traditional cash on cash: -0.19% Airbnb Rental Income: $4383 Traditional Rental Income: $2404 Airbnb ROI: 0.54% Traditional ROI: -0.19%
333 Hcr 3225 Penelope, TX 333 Hcr 3225, Penelope, TX 76676 \| Single Family Residential	2 beds \| 1 baths \| 1,869 sq.ft.	$568,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.68% Airbnb Rental Income: $null Traditional Rental Income: $1213 Airbnb ROI: N/A Traditional ROI: -0.68%
TBD 2 Fm-2114 Penelope, TX TBD 2 Fm-2114, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$264,960	Airbnb cash on cash: 3.97% Traditional cash on cash: 0.4% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 3.97% Traditional ROI: 0.4%
TBD 1 Fm-2114 Penelope, TX TBD 1 Fm-2114, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$264,960	Airbnb cash on cash: 3.97% Traditional cash on cash: 0.4% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 3.97% Traditional ROI: 0.4%
TBD 3 Hcr 3212 Penelope, TX TBD 3 Hcr 3212, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$264,960	Airbnb cash on cash: 3.97% Traditional cash on cash: 0.4% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 3.97% Traditional ROI: 0.4%
TBD Hcr 3214 Penelope, TX TBD Hcr 3214, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$600,000	Airbnb cash on cash: 0.22% Traditional cash on cash: -1.37% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 0.22% Traditional ROI: -1.37%
323 Hcr 3221 Penelope, TX 323 Hcr 3221, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$178,000	Airbnb cash on cash: 7.19% Traditional cash on cash: 4.73% Airbnb Rental Income: $2362 Traditional Rental Income: $1364 Airbnb ROI: 7.19% Traditional ROI: 4.73%
TBD Hcr 3306 Penelope, TX TBD Hcr 3306, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$320,000	Airbnb cash on cash: 2.83% Traditional cash on cash: -0.14% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 2.83% Traditional ROI: -0.14%
TBD Hcr 3220 Penelope, TX TBD Hcr 3220, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$214,500	Airbnb cash on cash: 5.53% Traditional cash on cash: 1.13% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 5.53% Traditional ROI: 1.13%
0 Hcr 3220 Penelope, TX 0 Hcr 3220, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: 8.99% Traditional cash on cash: 2.77% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 8.99% Traditional ROI: 2.77%
619 Hcr 3220 Penelope, TX 619 Hcr 3220, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$170,700	Airbnb cash on cash: 7.6% Traditional cash on cash: 2.12% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 7.6% Traditional ROI: 2.12%
631 Hcr 3220 Penelope, TX 631 Hcr 3220, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$158,900	Airbnb cash on cash: 8.35% Traditional cash on cash: 2.47% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 8.35% Traditional ROI: 2.47%
TBD 3 Lcr 3212 Penelope, TX TBD 3 Lcr 3212, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$480,385	Airbnb cash on cash: 0.97% Traditional cash on cash: -1.02% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 0.97% Traditional ROI: -1.02%
TBD 2 FM 2114 Rd Penelope, TX TBD 2 FM 2114 Rd, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$160,128	Airbnb cash on cash: 8.27% Traditional cash on cash: 2.43% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 8.27% Traditional ROI: 2.43%
TBD 1 FM 2114 Rd Penelope, TX TBD 1 FM 2114 Rd, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$160,128	Airbnb cash on cash: 8.27% Traditional cash on cash: 2.43% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 8.27% Traditional ROI: 2.43%
188 Hcr 3215 Penelope, TX 188 Hcr 3215, Penelope, TX 76676 \| Manufactured Home	3 beds \| 2 baths \| 1,620 sq.ft.	$399,900	Airbnb cash on cash: 6.21% Traditional cash on cash: 2.46% Airbnb Rental Income: $4383 Traditional Rental Income: $2059 Airbnb ROI: 6.21% Traditional ROI: 2.46%
277 Hcr 3221 Penelope, TX 277 Hcr 3221, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: 8.99% Traditional cash on cash: 2.77% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 8.99% Traditional ROI: 2.77%
TBD CR 3221 Penelope, TX TBD CR 3221, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$143,000	Airbnb cash on cash: 9.54% Traditional cash on cash: 3.03% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 9.54% Traditional ROI: 3.03%
TBD Hcr 3220 #6 Penelope, TX TBD Hcr 3220 #6, Penelope, TX 76676 \| Other	N/A beds \| N/A baths \| N/A	$155,000	Airbnb cash on cash: 8.62% Traditional cash on cash: 2.59% Airbnb Rental Income: $2362 Traditional Rental Income: $887 Airbnb ROI: 8.62% Traditional ROI: 2.59%

Real Estate investment in Penelope, TX

There are 19 properties for sale in the city of Penelope . The median list price in Penelope is $235,500 and the average price per square foot is $573. In October 2026, the average monthly cash on cash return in Penelope is 3.00%. The average monthly rental income in Penelope is $1,181.

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

There are 19 investment properties available for sale in Penelope.

The ROI for Short-Term is higher than the Long-Term in Penelope with average rental income of $2,362.

Your search for investment property begins and ends here

Investment Property for Sale in Penelope, TX

1917 Fm 308

Penelope, TX

3 beds | 2 baths | 1,760 sq.ft.

$1,549,000

Airbnb cash on cash: 0.54%

Traditional cash on cash: -0.19%

Airbnb Rental Income: $4383

Traditional Rental Income: $2404

Airbnb ROI: 0.54%

Traditional ROI: -0.19%

333 Hcr 3225

Penelope, TX

2 beds | 1 baths | 1,869 sq.ft.

$568,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.68%

Airbnb Rental Income: $null

Traditional Rental Income: $1213

Airbnb ROI: N/A

Traditional ROI: -0.68%

TBD 2 Fm-2114

Penelope, TX

N/A beds | N/A baths | N/A

$264,960

Airbnb cash on cash: 3.97%

Traditional cash on cash: 0.4%

Airbnb Rental Income: $2362

Traditional Rental Income: $887

Airbnb ROI: 3.97%

Traditional ROI: 0.4%

TBD 1 Fm-2114

Penelope, TX

N/A beds | N/A baths | N/A

$264,960

Airbnb cash on cash: 3.97%

Traditional cash on cash: 0.4%

Airbnb Rental Income: $2362

Traditional Rental Income: $887

Airbnb ROI: 3.97%

Traditional ROI: 0.4%

TBD 3 Hcr 3212

Penelope, TX

N/A beds | N/A baths | N/A

$264,960

Airbnb cash on cash: 3.97%

Traditional cash on cash: 0.4%

Airbnb Rental Income: $2362

Traditional Rental Income: $887

Airbnb ROI: 3.97%

Traditional ROI: 0.4%

TBD Hcr 3214

Penelope, TX

N/A beds | N/A baths | N/A

$600,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: -1.37%

Airbnb Rental Income: $2362

Traditional Rental Income: $887

Airbnb ROI: 0.22%

Traditional ROI: -1.37%

323 Hcr 3221

Penelope, TX

N/A beds | N/A baths | N/A

$178,000

Airbnb cash on cash: 7.19%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $2362

Traditional Rental Income: $1364

Airbnb ROI: 7.19%

Traditional ROI: 4.73%

TBD Hcr 3306

Penelope, TX

N/A beds | N/A baths | N/A

$320,000

Airbnb cash on cash: 2.83%

Traditional cash on cash: -0.14%

Airbnb Rental Income: $2362

Traditional Rental Income: $887

Airbnb ROI: 2.83%