211 Rine Dr · Rainbow City, AL 35906

$199,900

3 bd · 1.0 ba · 1,246 sqft · SingleFamily public records · 22 Days on market

Built 1987 0.90 ac lot Est $178k · 12% over

---

Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +6.8/30.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.0/15.0
• DSCR +1.0/10.0
• 1% rule +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious home in Rainbow City. Property includes 3 bedrooms and 2 full baths. Laminate hardwood floors throughout. Nice kitchen with eat in area with all appliances to remain. Walkout basement with bonus room. Great outside area with screened in porch with vaulted ceiling and additional decking. One year home warranty provided.

Key facts

• Cozy living room
• Beautiful fireplace
• Walk-out basement

Tags

• EASY-CARE LAMINATE FLOORING
• SPACIOUS EAT-IN KITCHEN
• WOOD-GRAIN CABINETRY
• COZY LIVING ROOM
• BEAUTIFUL FIREPLACE
• WALK-OUT BASEMENT

Property features AI

Finance

• Other: Lot size approximately 0.9 acres; Subdivision: Rainbow Estates

Exterior

• Parking: Front garage entry; Attached lower-level garage; Two total garage spaces (2 in basement level)
• Utilities: Public water; Septic sewer; Gas water heater; Internet service availability unknown
• Home design: Existing construction; Basement foundation
• Construction: Siding (other) exterior; Basement foundation
• Exterior features: Porch; Covered, screened deck; No pool; No patio; No garden view; Not waterfront

Interior

• Kitchen: Laminate countertops; Built-in dishwasher; Electric stove
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level; Bonus room in basement
• Flooring: Hardwood; Laminate
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Hardwood and laminate floors; One gas fireplace with gas logs in the living room; Ceilings: other (see remarks); Finished and unfinished daylight basement; finished area approximately 400 sq ft; Main living area on main level
• Laundry & utility: Laundry on main level with closet space; Washer hookup; Electric dryer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-313 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (27.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $110k (44.7% below list).
• Recommended offer: $110k (44.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#48 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Etowah County (suburban): math 21% / reading 52% proficiency, ranked #36 of 129 in AL (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: John S Jones Elementary School (math 45% / reading 69%, grade C+, #76 of 627 statewide, top 13%, 739 students, 64% FRL); Southside High School (math 22% / reading 32%, grade F, #90 of 305 statewide, top 35%, 770 students, 42% FRL).
• Market conditions: 81 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 119 units permitted in Etowah County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Etowah County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $120k; list at $200k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,483 (44.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.55% ✗
• Cap rate: 4.41%
• Cash-on-cash: -6.72%
• DSCR: 0.70
• GRM: 15.1

CMA / ARV

• ARV (on-the-fly): $178,178
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3957 Lister Ferry Rd	0.36mi	2/2.0 (-1)	1,258 (+1%)	12mo	$180,000	$143	63
3513 Park Ln	0.51mi	3/1.0	1,301 (+4%)	10mo	$170,000	$131	60
4102 Wright Cir	0.47mi	3/2.0	1,350 (+8%)	8mo	$218,000	$161	54
342 Hill St	0.59mi	3/1.0	1,310 (+5%)	16mo	$163,000	$124	51
416 Waldrop Rd	0.46mi	3/2.0	1,425 (+14%)	6mo	$243,500	$171	45
306 Waldrop Rd	0.50mi	2/1.5 (-1)	1,395 (+12%)	7mo	$155,000	$111	44
4034 Boone Rd	0.42mi	3/2.0	1,430 (+15%)	12mo	$180,000	$126	42
347 Hill St	0.65mi	3/2.0	1,340 (+8%)	18mo	$210,000	$157	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -28.0%
• Equity multiple: 0.06×
• Total profit: $-52,459
• Equity at exit: $29,806

10-year hold

• IRR: -27.1%
• Equity multiple: -0.28×
• Total profit: $-71,807
• Equity at exit: $17,284

Cash invested: $55,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35906

• Home prices YoY: -19.8%
• Active inventory: 81
• Price-to-rent: 15.1×

Monthly cashflow live

• Estimated rent: $1,105 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$55 /mo · $656/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $-313

Break-even live

Break-even rent $1,502

Max offer price $144,528

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
122 Ilene St Rainbow City, AL	1.0–2.0	1.0–2.0	902	$999	$1.11	23d	1	0.33mi
164 Christopher St Rainbow City, AL	2.0	2.0	1036	$1,199	$1.16	23d	1	0.63mi
207 Christopher St Rainbow City, AL	2.0	2.0	1038	$1,199	$1.16	23d	1	0.74mi

Listing history 20 events

1. 2026-06-19
   days on market $199,900 Active 22 DOM
2. 2026-06-18
   days on market $199,900 Active 21 DOM
3. 2026-06-17
   days on market $199,900 Active 20 DOM
4. 2026-06-16
   days on market $199,900 Active 19 DOM
5. 2026-06-15
   days on market $199,900 Active 18 DOM
6. 2026-06-14
   days on market $199,900 Active 16 DOM
7. 2026-06-13
   days on market $199,900 Active 15 DOM
8. 2026-06-10
   days on market $199,900 Active 13 DOM
9. 2026-06-09
   days on market $199,900 Active 12 DOM
10. 2026-06-08
    days on market $199,900 Active 11 DOM
11. 2026-06-07
    days on market $199,900 Active 10 DOM
12. 2026-06-05
    days on market $199,900 Active 7 DOM
13. 2026-06-03
    days on market $199,900 Active 6 DOM
14. 2026-06-02
    days on market $199,900 Active 5 DOM
15. 2026-06-01
    days on market $199,900 Active 4 DOM
16. 2026-05-31
    days on market $199,900 Active 3 DOM
17. 2026-05-30
    days on market $199,900 Active 2 DOM
18. 2026-05-28
    listed $199,900 Active
19. 2016-01-15
    soldstatus $119,900 329-char remark

    Show marketing remark (329 chars)

    Spacious home in Rainbow City. Property includes 3 bedrooms and 2 full baths. Laminate hardwood floors throughout. Nice kitchen with eat in area with all appliances to remain. Walkout basement with bonus room. Great outside area with screened in porch with vaulted ceiling and additional decking. One year home warranty provided.

20. 2015-08-25
    listed $119,999 329-char remark

    Show marketing remark (329 chars)

    Spacious home in Rainbow City. Property includes 3 bedrooms and 2 full baths. Laminate hardwood floors throughout. Nice kitchen with eat in area with all appliances to remain. Walkout basement with bonus room. Great outside area with screened in porch with vaulted ceiling and additional decking. One year home warranty provided.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $656 · $55/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$163/yr (+$14/mo · 24.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,258
• − Mortgage interest: −$11,198
• − Property taxes: −$656
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,061
• − Management: −$1,061
• − Depreciation: −$5,815
• Taxable loss: −$7,532
• Est. tax savings @ 24.0%: +$1,808
• After-tax cash flow: $-1,954/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Etowah County
• NCES district ID: 0101380
• Math proficiency: 21% ▼ -28.00%
• Reading proficiency: 52% ▼ -1.00%
• Median HH income: $46,403
• Composite: 31.12/100
• National rank: #6062
• State rank: #36 of 129 in AL

Livability — Rainbow City

• Score: 69/100
• State rank: #48
• US rank: #8209

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rainbow City, AL
• Population (ZIP): 10,443

Population outlook (Etowah County) Hauer SSP2

• Today (2025): 100,500 people
• By 2030: 98,488 · -2.0%
• By 2040: 93,731 · -6.7%
• By 2050: 88,681 · -11.8%
• By 2075: 76,746 · -23.6%
• By 2100: 65,373 · -35.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 9% Hispanic / Latino 4% Two or more races 4% Asian 2%
• Common ancestry: Lithuanian 2% Italian 1% Serbian 1%
• Foreign-born: 5% · Canada, Vietnam, China
• Languages at home: 94% English-only · Spanish 2% Vietnamese 1% Other Indo-European 1%

Political lean MEDSL · Etowah

• 2024 margin: Solid R (+55.7) · D 21.8% · R 77.5%
• 2008→2024 swing: -17.5pp toward R · 2008: -38.2pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+50.2 2016: R+50.1 2012: R+38.4 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.87%
• Current HPI: 226.9013
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+66.6% since first listed

3 events — show timeline

• 2026-05-28 Listed $199,900 Greater Alabama MLS
• 2016-01-15 Sold (MLS) $119,900 VMLS
• 2015-08-25 Listed $119,999 VMLS

Property tax history

+3.3%/yr

Latest (2025): $656 · +0.0% YoY. Source: county tax records.