607 Hollow Drive
About This Property
One of the standout features is the view and feel of the expansive ranch that borders the back of the property. With no close neighbors behind you, the land feels larger, quieter, and more private - a true country backdrop.
Adding to its appeal is the property's convenient proximity to Granbury, home to a nationally recognized historic square that's been voted among the Top 10 Small Town Squares in America. From seasonal festivals and live music to local dining, shopping, and community events, you're just a short drive from year-round activities while still enjoying the peace and privacy of the countryside.
Whether you're looking to build a home tucked among the trees, create space for animals, or simply enjoy wide-open Texas views with breathing room, this property offers a rare combination of privacy, scenery, and location in a highly desirable Lipan area.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Price Decreased |
$108,750
↓ $7K
(6.3%) | |
| Price Decreased | |||
| Mar 21, 2026 | Price Decreased |
$116,000
↓ $500
(0.4%) | |
| Price Decreased | |||
| Dec 18, 2025 | Listed by Home Grown Group Realty, LLC | $116,500 | |
| Listed by Home Grown Group Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017