5500 Friendship Road
About This Property
Inside, you'll find a spacious kitchen, soaring vaulted ceilings, and a stunning stone wood-burning fireplace that creates a warm and inviting atmosphere. The expansive primary suite overlooks the serene, heavily treed setting, while the huge covered back patio provides the ideal spot to relax and enjoy the views. Brand new roof 2026.
Outside, the property is equally impressive with an above-ground saltwater pool, large storage building, horse stables, and plenty of room for livestock or recreation. A charming playhouse makes this an ideal place to raise a family or simply enjoy a quieter pace of life.
An added bonus is the leveled homesite near the main stone entrance, already equipped with separate septic, electric, and water utilities, offering excellent potential for a guest house, second residence, or future build.
This one-of-a-kind property delivers the privacy of country living with the convenience of being just a short drive from Granbury.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Aug 9, 2026 | Price Decreased |
$749,000
↓ $30K
(3.9%) | |
| Price Decreased | |||
| Jul 25, 2026 | Price Decreased |
$779,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Jun 28, 2026 | Price Decreased |
$799,000
↓ $16K
(2%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by Home Grown Group Realty, LLC | $815,000 | |
| Listed by Home Grown Group Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017