Real Estate Investment Properties for Sale in Shepherd, TX

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
51 Corrigan Ave Shepherd, TX Cute brick home with a ton of potential. Locate in a nice neighborhood with a pool and clu...	3 beds \| 2 baths \| 2,189 sq.ft.	$349,000	Airbnb cash on cash: 5.14% Traditional cash on cash: 3.2% Airbnb Rental Income: $3170 Traditional Rental Income: $1817 Airbnb ROI: 5.14% Traditional ROI: 3.2%
140 Marie St Shepherd, TX Invest with success and buy through Auction.com. This foreclosure investment property is a...	3 beds \| 2 baths \| 1,166 sq.ft.	$200,000	Airbnb cash on cash: 9.66% Traditional cash on cash: 5.31% Airbnb Rental Income: $3170 Traditional Rental Income: $1627 Airbnb ROI: 9.66% Traditional ROI: 5.31%
101 Pinewood Dr Shepherd, TX Home sweet home! This rural home on a gorgeous 4+ acre haven will have you running to the ...	4 beds \| 2 baths \| 2,128 sq.ft.	$475,000	Airbnb cash on cash: 5.34% Traditional cash on cash: 2.65% Airbnb Rental Income: $3922 Traditional Rental Income: $1883 Airbnb ROI: 5.34% Traditional ROI: 2.65%
440 Fm 223 Shepherd, TX 440 Fm 223, Shepherd, TX 77371 \| Single Family Residential	5 beds \| 2 baths \| 2,831 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.29% Airbnb Rental Income: $null Traditional Rental Income: $2566 Airbnb ROI: N/A Traditional ROI: 1.29%
441 Wonderland Dr Shepherd, TX	2 beds \| 1 baths \| 720 sq.ft.	$380,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 0.09% Airbnb Rental Income: $2178 Traditional Rental Income: $1117 Airbnb ROI: 1.52% Traditional ROI: 0.09%
11031 Tx-150 Shepherd, TX 11031 Tx-150, Shepherd, TX 77371 \| Multi Family	N/A beds \| N/A baths \| 2,896 sq.ft.	$399,900	Airbnb cash on cash: 1.31% Traditional cash on cash: -1.09% Airbnb Rental Income: $2178 Traditional Rental Income: $728 Airbnb ROI: 1.31% Traditional ROI: -1.09%
110 Robin St Shepherd, TX 110 Robin St, Shepherd, TX 77371 \| Manufactured Home	5 beds \| 4 baths \| 2,128 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.16% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 9.16%
420 Oak Forest Dr Shepherd, TX 420 Oak Forest Dr, Shepherd, TX 77371 \| Single Family Residential	5 beds \| 2 baths \| 2,100 sq.ft.	$370,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.89% Airbnb Rental Income: $null Traditional Rental Income: $2411 Airbnb ROI: N/A Traditional ROI: 3.89%
200 Lilley Rd Shepherd, TX 200 Lilley Rd, Shepherd, TX 77371 \| Single Family Residential	3 beds \| 2 baths \| 1,332 sq.ft.	$385,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 1.76% Airbnb Rental Income: $3170 Traditional Rental Income: $1733 Airbnb ROI: 3.75% Traditional ROI: 1.76%
341 Pine Valley Dr Shepherd, TX 341 Pine Valley Dr, Shepherd, TX 77371 \| Single Family Residential	2 beds \| 1 baths \| 1,644 sq.ft.	$135,000	Airbnb cash on cash: 9.06% Traditional cash on cash: 8.08% Airbnb Rental Income: $2178 Traditional Rental Income: $1499 Airbnb ROI: 9.06% Traditional ROI: 8.08%
1151 County Line Rd Shepherd, TX 1151 County Line Rd, Shepherd, TX 77371 \| Single Family Residential	2 beds \| 1 baths \| 1,920 sq.ft.	$475,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 0.88% Airbnb Rental Income: $2178 Traditional Rental Income: $1722 Airbnb ROI: 0.66% Traditional ROI: 0.88%
820 S Railroad Ave Shepherd, TX 820 S Railroad Ave, Shepherd, TX 77371 \| Single Family Residential	5 beds \| 3 baths \| 2,176 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.16% Airbnb Rental Income: $null Traditional Rental Income: $2807 Airbnb ROI: N/A Traditional ROI: 7.16%
1001 County Line Rd Shepherd, TX 1001 County Line Rd, Shepherd, TX 77371 \| Manufactured Home	4 beds \| 3 baths \| 1,056 sq.ft.	$549,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 0.56% Airbnb Rental Income: $3922 Traditional Rental Income: $1812 Airbnb ROI: 3.04% Traditional ROI: 0.56%
650 Our Rd Shepherd, TX 650 Our Rd, Shepherd, TX 77371 \| Single Family Residential	2 beds \| 1 baths \| 1,722 sq.ft.	$233,000	Airbnb cash on cash: 4.18% Traditional cash on cash: 3.11% Airbnb Rental Income: $2178 Traditional Rental Income: $1389 Airbnb ROI: 4.18% Traditional ROI: 3.11%
10500 Highway 150 Shepherd, TX 10500 Highway 150, Shepherd, TX 77371 \| Single Family Residential	3 beds \| 2 baths \| 1,904 sq.ft.	$274,999	Airbnb cash on cash: 6.33% Traditional cash on cash: 4.96% Airbnb Rental Income: $3170 Traditional Rental Income: $2097 Airbnb ROI: 6.33% Traditional ROI: 4.96%
141 Walnut Loop Loop Shepherd, TX 141 Walnut Loop Loop, Shepherd, TX 77371 \| Single Family Residential	1 beds \| 2 baths \| 1,468 sq.ft.	$278,500	Airbnb cash on cash: 5.03% Traditional cash on cash: 1.13% Airbnb Rental Income: $2899 Traditional Rental Income: $1203 Airbnb ROI: 5.03% Traditional ROI: 1.13%
220 Bitter Creek Dr Shepherd, TX 220 Bitter Creek Dr, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$149,900	Airbnb cash on cash: 3.78% Traditional cash on cash: 2.1% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 3.78% Traditional ROI: 2.1%
0 County Line Rd Shepherd, TX 0 County Line Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$219,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 1.02% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 1.75% Traditional ROI: 1.02%
401 Pelican Rd Shepherd, TX 401 Pelican Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$450,000	Airbnb cash on cash: -0.56% Traditional cash on cash: -0.92% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: -0.56% Traditional ROI: -0.92%
12900 Hwy 59 S Shepherd, TX 12900 Hwy 59 S, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$1,900,000	Airbnb cash on cash: -2.26% Traditional cash on cash: -2.35% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: -2.26% Traditional ROI: -2.35%
TBD Pine Crest St Shepherd, TX TBD Pine Crest St, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 3.54% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 4.75% Traditional ROI: 3.54%
1100 Cherry Creek Dr Shepherd, TX 1100 Cherry Creek Dr, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: 9.19% Traditional cash on cash: 6.12% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 9.19% Traditional ROI: 6.12%
211 Thomas Windt Rd Shepherd, TX	N/A beds \| N/A baths \| N/A	$170,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 2.09% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 3.02% Traditional ROI: 2.09%
0 S Byrd Ave Shepherd, TX 0 S Byrd Ave, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$137,000	Airbnb cash on cash: 4.37% Traditional cash on cash: 2.54% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 4.37% Traditional ROI: 2.54%
477 County Line Rd Shepherd, TX 477 County Line Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 1.41% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 2.86% Traditional ROI: 1.41%
tbd Pelican Rd Shepherd, TX tbd Pelican Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: 3.38% Traditional cash on cash: 2.39% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 3.38% Traditional ROI: 2.39%
0 Pine Crest St Shepherd, TX 0 Pine Crest St, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: 4.23% Traditional cash on cash: 3.1% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 4.23% Traditional ROI: 3.1%
TBD Us Hwy 59 S Shepherd, TX TBD Us Hwy 59 S, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$199,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 0.92% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 2.19% Traditional ROI: 0.92%
S1L2 Lake Pool Rd Shepherd, TX S1L2 Lake Pool Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$119,900	Airbnb cash on cash: 5.36% Traditional cash on cash: 3.27% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 5.36% Traditional ROI: 3.27%
44319 Sheperd Shepherd, TX 44319 Sheperd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$1,500,000	Airbnb cash on cash: -2.12% Traditional cash on cash: -2.29% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: -2.12% Traditional ROI: -2.29%
S1L3 Lake Pool Rd Shepherd, TX S1L3 Lake Pool Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$119,900	Airbnb cash on cash: 5.36% Traditional cash on cash: 3.27% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 5.36% Traditional ROI: 3.27%
TBD N Country Place Shepherd Ln Shepherd, TX TBD N Country Place Shepherd Ln, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: 8.51% Traditional cash on cash: 5.62% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 8.51% Traditional ROI: 5.62%
00 Farm Pasture Rd Shepherd, TX 00 Farm Pasture Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$119,900	Airbnb cash on cash: 5.36% Traditional cash on cash: 3.27% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: 5.36% Traditional ROI: 3.27%
50 Paula Sue Ave Shepherd, TX 50 Paula Sue Ave, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| 2,700 sq.ft.	$345,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 3.56% Airbnb Rental Income: $1464 Traditional Rental Income: $2149 Airbnb ROI: 0.11% Traditional ROI: 3.56%
000 Fm 223 Shepherd, TX 000 Fm 223, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$3,255,000	Airbnb cash on cash: -2.48% Traditional cash on cash: -2.56% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: -2.48% Traditional ROI: -2.56%
000 Hwy 59 N Shepherd, TX 000 Hwy 59 N, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 0.02% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 0.55% Traditional ROI: 0.02%
000 Hwy 59 S Shepherd, TX 000 Hwy 59 S, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$1,200,000	Airbnb cash on cash: -1.95% Traditional cash on cash: -2.17% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: -1.95% Traditional ROI: -2.17%
0000 Springtown Aka Fm 2914 Rd Shepherd, TX 0000 Springtown Aka Fm 2914 Rd, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$599,900	Airbnb cash on cash: -1.11% Traditional cash on cash: -1.54% Airbnb Rental Income: $1464 Traditional Rental Income: $790 Airbnb ROI: -1.11% Traditional ROI: -1.54%
Lot 1 Sherwood Dr Shepherd, TX Lot 1 Sherwood Dr, Shepherd, TX 77371 \| Other	N/A beds \| N/A baths \| N/A	$79,990	Airbnb cash on cash: 9.19% Traditional cash on cash: 7.27% Airbnb Rental Income: $1464 Traditional Rental Income: $880 Airbnb ROI: 9.19% Traditional ROI: 7.27%
160 Oak Ln Shepherd, TX 160 Oak Ln, Shepherd, TX 77371 \| Single Family Residential	2 beds \| 2 baths \| 1,200 sq.ft.	$159,500	Airbnb cash on cash: 7.3% Traditional cash on cash: 7.91% Airbnb Rental Income: $2178 Traditional Rental Income: $1719 Airbnb ROI: 7.3% Traditional ROI: 7.91%

Real Estate investment in Shepherd, TX

There are 83 properties for sale in the city of Shepherd . The median list price in Shepherd is $173,780 and the average price per square foot is $103. In June 2026, the average monthly cash on cash return in Shepherd is 6.00%. The average monthly rental income in Shepherd is $1,033.

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

There are 83 investment properties available for sale in Shepherd.

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

The ROI for Short-Term is higher than the Long-Term in Shepherd with average rental income of $1,464.

Your search for investment property begins and ends here

Investment Property for Sale in Shepherd, TX

51 Corrigan Ave

Shepherd, TX

3 beds | 2 baths | 2,189 sq.ft.

$349,000

Airbnb cash on cash: 5.14%

Traditional cash on cash: 3.2%

Airbnb Rental Income: $3170

Traditional Rental Income: $1817

Airbnb ROI: 5.14%

Traditional ROI: 3.2%

140 Marie St

Shepherd, TX

3 beds | 2 baths | 1,166 sq.ft.

$200,000

Airbnb cash on cash: 9.66%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $3170

Traditional Rental Income: $1627

Airbnb ROI: 9.66%

Traditional ROI: 5.31%

101 Pinewood Dr

Shepherd, TX

4 beds | 2 baths | 2,128 sq.ft.

$475,000

Airbnb cash on cash: 5.34%

Traditional cash on cash: 2.65%

Airbnb Rental Income: $3922

Traditional Rental Income: $1883

Airbnb ROI: 5.34%

Traditional ROI: 2.65%

440 Fm 223

Shepherd, TX

5 beds | 2 baths | 2,831 sq.ft.

$650,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.29%

Airbnb Rental Income: $null

Traditional Rental Income: $2566

Airbnb ROI: N/A

Traditional ROI: 1.29%

441 Wonderland Dr

Shepherd, TX

2 beds | 1 baths | 720 sq.ft.

$380,000

Airbnb cash on cash: 1.52%

Traditional cash on cash: 0.09%

Airbnb Rental Income: $2178

Traditional Rental Income: $1117

Airbnb ROI: 1.52%

Traditional ROI: 0.09%

11031 Tx-150

Shepherd, TX

N/A beds | N/A baths | 2,896 sq.ft.

$399,900

Airbnb cash on cash: 1.31%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $2178

Traditional Rental Income: $728

Airbnb ROI: 1.31%

Traditional ROI: -1.09%

110 Robin St

Shepherd, TX

5 beds | 4 baths | 2,128 sq.ft.

$214,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.16%

Airbnb Rental Income: $null

Traditional Rental Income: $2522

Airbnb ROI: N/A

Traditional ROI: 9.16%

420 Oak Forest Dr

Shepherd, TX

5 beds | 2 baths | 2,100 sq.ft.

$370,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2411

Airbnb ROI: N/A