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$579,000

NAL Estimated Property Value

2290 N Fm 200, Rainbow, TX, 76077

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,104 Sq Ft
price_per_sqft$292.3 / sqft

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher
FlooringWood

Exterior

Exterior FeaturesStorage
Lot Size18.65 acres

Land Information

APNR000005227
Land UseResidential
Legal DescriptionACRES: 18.650 TRACT: 51 ABST: A135 A135 MILAM CO SCH LD TRACT 51 ACRES 18.65
Census Tract000101
Assessment Year2025

About this property

Come see this charming farmhouse on 18.5 AG-exempt acres in the heart of Rainbow, Texas! This historic 3-bedroom, 1.5-bath home is full of character, featuring real hardwood floors, a stone fireplace, and a gas range in the kitchen. With a mix of open pasture and mature trees, this property is perfect for farm animals, homesteading, or simply enjoying wide-open spaces. The AG exemption helps keep taxes low, making this an even better investment. Don’t miss this rare opportunity—schedule your showing today!

Investor Tools

Property Icon
$579,000
Estimated Property Value
$0Estimated Mortgage Balance
$579,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,690 /month
Positive
Cash Flow Estimate:
$1,230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$301/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$712
$171,570
2025
N/A
N/A
$603,470
No

Tax History

Year
Tax Paid
Assessed Value
2025
$712
$171,570

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$550,000
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.

Explore Texas Explore This Area
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: Rainbow

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2290 N Fm 200 | Property Details | No Agent List