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
275 Waters Edge Hemphill, TX Enjoy peaceful lake living on beautiful Toledo Bend! This recently remodeled 2BR/2BA hybri...	2 beds \| 2 baths \| 1,316 sq.ft.	$325,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 1.54% Airbnb Rental Income: $2182 Traditional Rental Income: $1686 Airbnb ROI: 1.36% Traditional ROI: 1.54%
356 Cedar Ridge Hemphill, TX Enjoy peaceful waterfront living on beautiful Toledo Bend Lake! This solid 1,595 SF lakefr...	2 beds \| 2 baths \| 1,595 sq.ft.	$299,900	Airbnb cash on cash: 3.64% Traditional cash on cash: 5.75% Airbnb Rental Income: $2182 Traditional Rental Income: $2226 Airbnb ROI: 3.64% Traditional ROI: 5.75%
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.	$334,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 3.69% Airbnb Rental Income: $2182 Traditional Rental Income: $1575 Airbnb ROI: 3.87% Traditional ROI: 3.69%
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.	$425,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 2.64% Airbnb Rental Income: $2991 Traditional Rental Income: $1789 Airbnb ROI: 3.93% Traditional ROI: 2.64%
920 Mann Street Hemphill, TX Rare find! Vintage 1950 home on nearly 3.5 acres inside the city limits. This unique prope...	3 beds \| 2 baths \| 2,456 sq.ft.	$359,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 3.3% Airbnb Rental Income: $2991 Traditional Rental Income: $2144 Airbnb ROI: 3.78% Traditional ROI: 3.3%
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%
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.	$262,400	Airbnb cash on cash: 3.41% Traditional cash on cash: 4.17% Airbnb Rental Income: $2182 Traditional Rental Income: $1817 Airbnb ROI: 3.41% Traditional ROI: 4.17%
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.	$359,000	Airbnb cash on cash: 4.79% Traditional cash on cash: 4% Airbnb Rental Income: $2991 Traditional Rental Income: $2040 Airbnb ROI: 4.79% Traditional ROI: 4%
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.	$289,000	Airbnb cash on cash: 6.47% Traditional cash on cash: 4.79% Airbnb Rental Income: $2991 Traditional Rental Income: $1848 Airbnb ROI: 6.47% Traditional ROI: 4.79%
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%
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%
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%
170 Lydia Street Hemphill, TX TWO FURNISHED cabins! This inviting property offers multiple updated living spaces designe...	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%
422 Beechwood Loop Hemphill, TX New construction, MOSTLY FURNISHED 2600 sf luxurious lake front home w/grand entrance into...	3 beds \| 3 baths \| 2,600 sq.ft.	$650,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 1.58% Airbnb Rental Income: $2991 Traditional Rental Income: $2742 Airbnb ROI: 0.86% Traditional ROI: 1.58%
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%
125 Lochwood Lane Hemphill, TX Cozy 2 bedroom - 2 1/2 bath waterfront cabin on Toledo Bend. This cutie is about 1056 sq. ...	2 beds \| 3 baths \| 1,056 sq.ft.	$349,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 0.62% Airbnb Rental Income: $2182 Traditional Rental Income: $1209 Airbnb ROI: 1.91% Traditional ROI: 0.62%
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.	$595,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 1.42% Airbnb Rental Income: $2991 Traditional Rental Income: $2428 Airbnb ROI: 1.19% Traditional ROI: 1.42%
640 Pecan Estates Loop Hemphill, TX 2B/2B Brick home, sitting on a spacious 1-acre lot with beautiful waterfront views, is loc...	2 beds \| 2 baths \| 1,552 sq.ft.	$299,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 2.82% Airbnb Rental Income: $2182 Traditional Rental Income: $1669 Airbnb ROI: 2.68% Traditional ROI: 2.82%
400 Sunny Shores Hemphill, TX Stunning Waterfront Home on Millionaire Point â Toledo Bend Lake. This beautiful 3-bedro...	3 beds \| 3 baths \| 2,720 sq.ft.	$1,199,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 0.66% Airbnb Rental Income: $2991 Traditional Rental Income: $2488 Airbnb ROI: 0.49% Traditional ROI: 0.66%
210 Bay Court Hemphill, TX 3B/3B Victorian-style waterfront home situated on approximately 0.50 acre on Palo Gaucho B...	3 beds \| 4 baths \| 2,700 sq.ft.	$535,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 5.65% Airbnb Rental Income: $2991 Traditional Rental Income: $3533 Airbnb ROI: 3.19% Traditional ROI: 5.65%
170 Winterwood Hemphill, TX Attractive, log type home sitting on three lots, fenced, with living/kitchen open concept...	3 beds \| 2 baths \| 1,200 sq.ft.	$222,000	Airbnb cash on cash: 9% Traditional cash on cash: 5.35% Airbnb Rental Income: $2991 Traditional Rental Income: $1536 Airbnb ROI: 9% Traditional ROI: 5.35%
2330 Sabine Town Road Hemphill, TX Don't miss this beautifully remodeled 3 bedroom, 2 bathroom home situated on 5.79 acres ne...	3 beds \| 2 baths \| 1,200 sq.ft.	$288,000	Airbnb cash on cash: 2.86% Traditional cash on cash: -0.17% Airbnb Rental Income: $2991 Traditional Rental Income: $1482 Airbnb ROI: 2.86% Traditional ROI: -0.17%
1750 Pleasure Bend Road Hemphill, TX This 1975 MH is being totally remodeled. New floors, ac/htg unit, cabinets, windows, appl...	3 beds \| 2 baths \| 840 sq.ft.	$165,000	Airbnb cash on cash: 5.64% Traditional cash on cash: 0.65% Airbnb Rental Income: $2997 Traditional Rental Income: $1523 Airbnb ROI: 5.64% Traditional ROI: 0.65%
477 LAKE SHORE DRIVE Hemphill, TX REDUCED! Bring Offers! Retire to this Charming peaceful and serene 2-bedroom, 2-bath home ...	2 beds \| 2 baths \| 973 sq.ft.	$210,000	Airbnb cash on cash: 0.8% Traditional cash on cash: -0.03% Airbnb Rental Income: $2182 Traditional Rental Income: $1465 Airbnb ROI: 0.8% Traditional ROI: -0.03%
345 Masontown Rd Hemphill, TX âThis Old Houseâ special! A rare chance to own over 300 feet of prime waterfront on th...	2 beds \| 1 baths \| 920 sq.ft.	$349,000	Airbnb cash on cash: 0.14% Traditional cash on cash: -1.44% Airbnb Rental Income: $2182 Traditional Rental Income: $1113 Airbnb ROI: 0.14% Traditional ROI: -1.44%
193 Beacon Hemphill, TX Only blocks from Toledo Bend Lake, this well-maintained brick home offers 3 bedrooms, 2.5 ...	3 beds \| 3 baths \| 2,160 sq.ft.	$295,000	Airbnb cash on cash: 6.66% Traditional cash on cash: 6.23% Airbnb Rental Income: $2991 Traditional Rental Income: $2185 Airbnb ROI: 6.66% Traditional ROI: 6.23%
148 Sunnybrook Lane Hemphill, TX Enjoy relaxed lakefront living in this 2-bedroom, 1-bath waterfront mobile home nestled in...	2 beds \| 1 baths \| 960 sq.ft.	$189,000	Airbnb cash on cash: 7.06% Traditional cash on cash: 5.37% Airbnb Rental Income: $2182 Traditional Rental Income: $1327 Airbnb ROI: 7.06% Traditional ROI: 5.37%

Real Estate investment in Hemphill, TX

There are 57 properties for sale in the city of Hemphill . The median list price in Hemphill is $263,700 and the average price per square foot is $177. In April 2026, the average monthly cash on cash return in Hemphill is 4.00%. The average monthly rental income in Hemphill is $1,780.

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

There are 57 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

275 Waters Edge

Hemphill, TX

2 beds | 2 baths | 1,316 sq.ft.

$325,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 1.54%

Airbnb Rental Income: $2182

Traditional Rental Income: $1686

Airbnb ROI: 1.36%

Traditional ROI: 1.54%

356 Cedar Ridge

Hemphill, TX

2 beds | 2 baths | 1,595 sq.ft.

$299,900

Airbnb cash on cash: 3.64%

Traditional cash on cash: 5.75%

Airbnb Rental Income: $2182

Traditional Rental Income: $2226

Airbnb ROI: 3.64%

Traditional ROI: 5.75%

912 Twin Cedar Drive

Hemphill, TX

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

$334,000

Airbnb cash on cash: 3.87%

Traditional cash on cash: 3.69%

Airbnb Rental Income: $2182

Traditional Rental Income: $1575

Airbnb ROI: 3.87%

Traditional ROI: 3.69%

245 Shadow Drive

Hemphill, TX

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

$425,000

Airbnb cash on cash: 3.93%

Traditional cash on cash: 2.64%

Airbnb Rental Income: $2991

Traditional Rental Income: $1789

Airbnb ROI: 3.93%

Traditional ROI: 2.64%

920 Mann Street

Hemphill, TX

3 beds | 2 baths | 2,456 sq.ft.

$359,000

Airbnb cash on cash: 3.78%

Traditional cash on cash: 3.3%

Airbnb Rental Income: $2991

Traditional Rental Income: $2144

Airbnb ROI: 3.78%

Traditional ROI: 3.3%

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%

Traditional ROI: 2.67%

175 Confederate Drive

Hemphill, TX

2 beds | 2 baths | 1,540 sq.ft.

$262,400

Airbnb cash on cash: 3.41%

Traditional cash on cash: 4.17%

Airbnb Rental Income: $2182

Traditional Rental Income: $1817

Airbnb ROI: 3.41%

Traditional ROI: 4.17%

188 Driftwood Loop

Hemphill, TX

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%