Real Estate Investment Properties for Sale in Frankston, TX

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
22770 Diamond Bay Dr Frankston, TX LAKEFRONT classic on Lake Palestine. Discover your dream home on the shores of a beautiful...	3 beds \| 2 baths \| 2,641 sq.ft.	$780,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 1.24% Airbnb Rental Income: $3210 Traditional Rental Income: $2651 Airbnb ROI: 1.02% Traditional ROI: 1.24%
432 ACR 322 Frankston, TX Beautiful East Texas Ranchette!! Lovely place to call your forever home. 4BR, 2bath with ...	4 beds \| 3 baths \| 2,389 sq.ft.	$564,900	Airbnb cash on cash: 5.29% Traditional cash on cash: 1.99% Airbnb Rental Income: $5450 Traditional Rental Income: $2612 Airbnb ROI: 5.29% Traditional ROI: 1.99%
8149 Highsaw Trl Frankston, TX Lakeview Gem w/ Private Lake Access (Lake Palestine) on large lot. Custom kitchen w/ quart...	3 beds \| 2 baths \| 1,689 sq.ft.	$355,000	Airbnb cash on cash: 5.47% Traditional cash on cash: 3.8% Airbnb Rental Income: $3210 Traditional Rental Income: $1929 Airbnb ROI: 5.47% Traditional ROI: 3.8%
102 An County Road 3192 Frankston, TX Tucked away in the secluded and exclusive Lake Frankston/Pine Dunes area, you'll find this...	3 beds \| 2 baths \| 2,143 sq.ft.	$510,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.35% Airbnb Rental Income: $3210 Traditional Rental Income: $2175 Airbnb ROI: 3% Traditional ROI: 2.35%
20850 CR 4226 Frankston, TX Beautiful East Texas Country Living! Winding driveway through grand brick and gate entranc...	4 beds \| 3 baths \| 2,812 sq.ft.	$999,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 1.21% Airbnb Rental Income: $5450 Traditional Rental Income: $2767 Airbnb ROI: 2.91% Traditional ROI: 1.21%
782 AN County Road 325 Frankston, TX Charming Log Cabin on 9.9 peaceful acres! Deer visit daily in this quiet setting with a fe...	3 beds \| 2 baths \| 1,780 sq.ft.	$425,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 2.88% Airbnb Rental Income: $3210 Traditional Rental Income: $1856 Airbnb ROI: 4.46% Traditional ROI: 2.88%
126 E Post Oak Frankston, TX Beautiful custom home with BRAND NEW ROOF INSTALLED THIS WEEK! Built in small, quiet commu...	3 beds \| 2 baths \| 2,262 sq.ft.	$444,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 2.41% Airbnb Rental Income: $3210 Traditional Rental Income: $2170 Airbnb ROI: 3.17% Traditional ROI: 2.41%
24579 CR 4117 Frankston, TX This magnificent modern ranch-style home on 2.55 acres offering abundant space both indoor...	4 beds \| 3 baths \| 2,920 sq.ft.	$625,000	Airbnb cash on cash: 4.31% Traditional cash on cash: 1.42% Airbnb Rental Income: $5450 Traditional Rental Income: $2668 Airbnb ROI: 4.31% Traditional ROI: 1.42%
23077 Three Points Drive Frankston, TX Nice brick home offering 3 bedroom 2 bath and 2 car garage, bonus room was used for game r...	3 beds \| 2 baths \| 2,062 sq.ft.	$239,000	Airbnb cash on cash: 8.75% Traditional cash on cash: 7.36% Airbnb Rental Income: $3210 Traditional Rental Income: $2172 Airbnb ROI: 8.75% Traditional ROI: 7.36%
230 ACR 3191 Frankston, TX Motivated sellers! Price reduction to sell quickly, bring your clients and an offer! Your ...	4 beds \| 3 baths \| 2,386 sq.ft.	$495,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 1.67% Airbnb Rental Income: $5450 Traditional Rental Income: $2493 Airbnb ROI: 5.69% Traditional ROI: 1.67%
23196 JEB Circle Frankston, TX Well loved 5-bedroom, 4-bath waterfront home nestled on a beautifully shaded half-acre lot...	5 beds \| 4 baths \| 2,582 sq.ft.	$899,000	Airbnb cash on cash: 4.14% Traditional cash on cash: 2.03% Airbnb Rental Income: $6259 Traditional Rental Income: $3258 Airbnb ROI: 4.14% Traditional ROI: 2.03%
1099 An County Road 305 Frankston, TX Donât miss your chance to call this beautiful 3-bedroom, 2-bath home on over 10 acres yo...	3 beds \| 2 baths \| 1,953 sq.ft.	$474,800	Airbnb cash on cash: 3.93% Traditional cash on cash: 2.96% Airbnb Rental Income: $3210 Traditional Rental Income: $2055 Airbnb ROI: 3.93% Traditional ROI: 2.96%
599 N Weldon Frankston, TX Welcome to your dream home in the heart of Frankston! This stunning 4-bedroom, 2.5-bath re...	4 beds \| 4 baths \| 3,162 sq.ft.	$475,000	Airbnb cash on cash: 7.83% Traditional cash on cash: 5.47% Airbnb Rental Income: $5450 Traditional Rental Income: $3303 Airbnb ROI: 7.83% Traditional ROI: 5.47%
839 An County Road 320 Frankston, TX This serene country setting with an immaculate custom home on 8.02 acres with IMPROVED PRI...	3 beds \| 2 baths \| 2,532 sq.ft.	$625,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.48% Airbnb Rental Income: $3210 Traditional Rental Income: $2180 Airbnb ROI: 3% Traditional ROI: 2.48%
22551 Pine St Frankston, TX Exceptional Waterfront Retreat on Lake Palestine that includes most all furniture, Move in...	5 beds \| 4 baths \| 3,560 sq.ft.	$930,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 3.51% Airbnb Rental Income: $6259 Traditional Rental Income: $4760 Airbnb ROI: 3.82% Traditional ROI: 3.51%
917 An County Road 3051 County Road Frankston, TX Nestled on a beautiful hillside, this spacious log home awaits your personal touch to tran...	3 beds \| 2 baths \| 2,396 sq.ft.	$815,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 0.21% Airbnb Rental Income: $3210 Traditional Rental Income: $2175 Airbnb ROI: 0.62% Traditional ROI: 0.21%
23231 Three Points Dr Frankston, TX A Rare find in one of Frankston's most desired communities! Located in the 3 Points POA ($...	3 beds \| 2 baths \| 1,524 sq.ft.	$289,800	Airbnb cash on cash: 5.96% Traditional cash on cash: 3.63% Airbnb Rental Income: $3210 Traditional Rental Income: $1849 Airbnb ROI: 5.96% Traditional ROI: 3.63%
219 Holcomb St. Frankston, TX Not just a home, but also a piece of history! Former home of Gene Fields of the band "The...	4 beds \| 3 baths \| 2,929 sq.ft.	$397,500	Airbnb cash on cash: 9.86% Traditional cash on cash: 6.34% Airbnb Rental Income: $5450 Traditional Rental Income: $3042 Airbnb ROI: 9.86% Traditional ROI: 6.34%
22080 Henderson County Road 4117 Frankston, TX 7.4 acres park-like setting. Amazing Opportunity!!! This is a rare find. Location! Near La...	1 beds \| 1 baths \| 2,000 sq.ft.	$450,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 2.3% Airbnb Rental Income: $1400 Traditional Rental Income: $1635 Airbnb ROI: 0.74% Traditional ROI: 2.3%
22716 Diamond Bay Dr Frankston, TX Nestled in a secluded cul-de-sac on the shores of Lake Palestine, this stunning waterfront...	3 beds \| 3 baths \| 3,015 sq.ft.	$1,200,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 0.78% Airbnb Rental Income: $3210 Traditional Rental Income: $2978 Airbnb ROI: 0.34% Traditional ROI: 0.78%
808 Walters Frankston, TX Absolutely lovely home in the heart of Frankston. 4Br 1 and 1/2 bath home with a great bac...	3 beds \| 2 baths \| 1,768 sq.ft.	$259,900	Airbnb cash on cash: 7.85% Traditional cash on cash: 5.44% Airbnb Rental Income: $3210 Traditional Rental Income: $1895 Airbnb ROI: 7.85% Traditional ROI: 5.44%

Real Estate investment in Frankston, TX

There are 21 properties for sale in the city of Frankston . The median list price in Frankston is $462,400 and the average price per square foot is $205. In October 2025, the average monthly cash on cash return in Frankston is 3.00%. The average monthly rental income in Frankston is $2,178.

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

There are 21 investment properties available for sale in Frankston.

In 2025, the best neighborhood to buy investment property is Frankston.

The ROI for Short-Term is higher than the Long-Term in Frankston with average rental income of $3,210.

Your search for investment property begins and ends here

Investment Property for Sale in Frankston, TX

22770 Diamond Bay Dr

Frankston, TX

3 beds | 2 baths | 2,641 sq.ft.

$780,000

Airbnb cash on cash: 1.02%

Traditional cash on cash: 1.24%

Airbnb Rental Income: $3210

Traditional Rental Income: $2651

Airbnb ROI: 1.02%

Traditional ROI: 1.24%

432 ACR 322

Frankston, TX

4 beds | 3 baths | 2,389 sq.ft.

$564,900

Airbnb cash on cash: 5.29%

Traditional cash on cash: 1.99%

Airbnb Rental Income: $5450

Traditional Rental Income: $2612

Airbnb ROI: 5.29%

Traditional ROI: 1.99%

8149 Highsaw Trl

Frankston, TX

3 beds | 2 baths | 1,689 sq.ft.

$355,000

Airbnb cash on cash: 5.47%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $3210

Traditional Rental Income: $1929

Airbnb ROI: 5.47%

Traditional ROI: 3.8%

102 An County Road 3192

Frankston, TX

3 beds | 2 baths | 2,143 sq.ft.

$510,000

Airbnb cash on cash: 3%

Traditional cash on cash: 2.35%

Airbnb Rental Income: $3210

Traditional Rental Income: $2175

Airbnb ROI: 3%

Traditional ROI: 2.35%

20850 CR 4226

Frankston, TX

4 beds | 3 baths | 2,812 sq.ft.

$999,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 1.21%

Airbnb Rental Income: $5450

Traditional Rental Income: $2767

Airbnb ROI: 2.91%

Traditional ROI: 1.21%

782 AN County Road 325

Frankston, TX

3 beds | 2 baths | 1,780 sq.ft.

$425,000

Airbnb cash on cash: 4.46%

Traditional cash on cash: 2.88%

Airbnb Rental Income: $3210

Traditional Rental Income: $1856

Airbnb ROI: 4.46%

Traditional ROI: 2.88%

126 E Post Oak

Frankston, TX

3 beds | 2 baths | 2,262 sq.ft.

$444,000

Airbnb cash on cash: 3.17%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $3210

Traditional Rental Income: $2170

Airbnb ROI: 3.17%

Traditional ROI: 2.41%

24579 CR 4117

Frankston, TX

4 beds | 3 baths | 2,920 sq.ft.

$625,000

Airbnb cash on cash: 4.31%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $5450

Traditional Rental Income: $2668

Airbnb ROI: 4.31%