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$75,222

NAL Estimated Property Value

115 Smith Hill Road, Hemphill, TX, 75948

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$80.02 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Oven, Electric Range, Dishwasher
FlooringVinyl

About this property

Welcome to country living with room to grow in Hemphill, Texas! This 2024 Clayton manufactured home offers 3 bedrooms, 2 bathrooms, and sits on approximately 1.35 acres with FM 83 road frontage. The home includes a Generac whole-home generator, providing peace of mind during outages. The property also includes two metal storage sheds and a second home on-site that is currently a total renovation project or potential tear-down, offering additional opportunity for future use. A portion of the land is currently leased, with a tenant paying lot rent for their manufactured home, creating an added income component. Conveniently located just 17 minutes from the Six Mile Boat Ramp on Toledo Bend Lake and approximately 30 minutes from Sam Rayburn, this property is ideal for full-time living, weekend use, or an investment-minded buyer.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$451 /month
Positive
Cash Flow Estimate:
$150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Hemphill

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115 Smith Hill Road | Property Details | No Agent List