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$569,000

NAL Estimated Property Value

2290A N Fm 200, Rainbow, TX, 76077

Off MarketInfo
Baths0 Bath

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Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesStorage

About this property

18.65 acres with a turn of the century farmhouse and mature oak trees in Rainbow Texas within Glen Rose ISD. The back portion of the property is open pasture currently used for hay production with an agricultural exemption in place. The land features a mix of pasture and scattered trees with gentle sloping elevation that provides views across the property. Large mature oak trees surround the homesite. The farmhouse reflects the character of an early country home with wood floors and an old stone fireplace that serves as a focal point of the living area and is currently fitted with a propane heater. The home retains much of its original character and offers an opportunity for a buyer to update or restore while maintaining its historic feel. Unique features on the property include a vintage Santa Fe railroad car with an attached lean to that provides covered space for storing equipment or vehicles. The property also includes an older wood building that could serve as storage workshop space or potential guest quarters along with a small storage shed. Conveniently located less than 10 minutes from Glen Rose approximately 15 minutes from Dinosaur Valley State Park about 25 minutes to Granbury and under an hour from Fort Worth.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /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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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: Rainbow

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2290A N Fm 200 | Property Details | No Agent List