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$470,000

NAL Estimated Property Value

118 Rainbow Dr, Early, TX, 76802

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,512 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.09 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringTile

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage
Lot Size12,632 sqft

Building Information

Year Built2016
Garage Spaces2

Land Information

APN73700
Lot Number23
SubdivisionSun Valley Estates -
Land UseResidential
Legal DescriptionSUN VALLEY ESTATES - REPLAT, LOT 23, ACRES .29
Census Tract951200
Assessed Land Value$19,140
Assessed Improvement Value$385,060
Assessment Year2025

About this property

Honey, stop the car! Welcome to 118 Rainbow Drive in Early, Texas—an exceptionally well-maintained home offering the perfect blend of comfort, functionality, and outdoor living. With 4 bedrooms, 2.5 bathrooms, and a thoughtfully designed floor plan, this property is truly move-in ready. The open-concept living area is anchored by a beautiful electric fireplace insert surrounded by custom built-in cabinetry. The spacious living room flows seamlessly into the dining area and kitchen, where a large island provides the perfect gathering space for family and friends. Wood-look tile flooring extends throughout the home, offering both durability and timeless style. Just off the main living area, you'll find a dedicated office or study, ideal for working or schooling from home. Tray ceilings in both the living room and primary suite add architectural interest and an elevated feel, while 9-foot ceilings throughout the home create a bright, spacious atmosphere. The primary suite is a true retreat, featuring double walk-in closets, dual vanities with a separate makeup station, a jetted soaking tub, and a separate walk-in shower. Two additional bedrooms are located downstairs, while the versatile fourth bedroom upstairs can easily serve as a bonus room, game room, and includes a large walk-in closet. Storage is abundant throughout the home, ensuring everything has its place. Outside, the property truly shines. The beautifully landscaped yard is maintained by a water well-fed sprinkler system, helping keep the lawn lush and green. Enjoy relaxing mornings on the covered front porch, entertaining on the covered back porch, or gathering on the expansive backyard patio. A 15' x 11' storage building provides additional space for tools, equipment, or hobby storage. If you've been searching for a meticulously cared-for home with exceptional outdoor living spaces, abundant storage, and a highly functional layout, 118 Rainbow Drive deserves a spot at the top of your list!

Investor Tools

Property Icon
$470,000
Estimated Property Value
$0Estimated Mortgage Balance
$470,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$820/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,494
$404,200
2025
$19,140
$385,060
$404,200
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,494
$404,200

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$418,000
100%
0%
$0/mo

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: Early

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118 Rainbow Dr | Property Details | No Agent List