Real Estate Investment Properties for Sale in Rainbow City, AL

Looking for investment property in Rainbow City, AL with high ROI ?

Explore a variety of short-term homes & houses in Rainbow City, AL. Invest wisely with VRBO & Rainbow City, AL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Rainbow City, AL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
132 Pineview St RAINBOW CITY, AL Move-in ready opportunity in the heart of Rainbow City! This property features a recently ...	4 beds \| 2 baths \| 1,492 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.4% Airbnb Rental Income: $null Traditional Rental Income: $1852 Airbnb ROI: N/A Traditional ROI: 10.4%
114 Royal Troon Dr RAINBOW CITY, AL Need more space? Look no further! This beautifully updated home features 5 large bedrooms,...	5 beds \| 2 baths \| 2,608 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $3003 Airbnb ROI: N/A Traditional ROI: 7.44%
100 Norwood Dr RAINBOW CITY, AL Welcome to 100 Norwood Drive in the Gadsden Country Club neighborhood! This beautifully re...	5 beds \| 4 baths \| 4,188 sq.ft.	$584,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $3755 Airbnb ROI: N/A Traditional ROI: 5.43%
207 Hummingbird Way RAINBOW CITY, AL RAINBOW CITY \| CUSTOM \| PRIVACY \| BASEMENT/FLEX SPACE \| Gorgeous one owner ALL BRICK 5BDRM...	5 beds \| 4 baths \| 4,822 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.83% Airbnb Rental Income: $null Traditional Rental Income: $3470 Airbnb ROI: N/A Traditional ROI: 4.83%
514 Diversey St RAINBOW CITY, AL This inviting Rainbow City home is tucked away on a quiet dead-end street in the Grand Par...	3 beds \| 2 baths \| 1,396 sq.ft.	$225,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 7.8% Airbnb Rental Income: $533 Traditional Rental Income: $2103 Airbnb ROI: -0.88% Traditional ROI: 7.8%
5351 Lister Ferry Rd RAINBOW CITY, AL RAINBOW CITY \|WATERFRONT \| BIG WATER \| FLEX SPACE- Beautifully renovated 4BDRM/3BTH family...	4 beds \| 3 baths \| 3,098 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.08% Airbnb Rental Income: $null Traditional Rental Income: $3424 Airbnb ROI: N/A Traditional ROI: 4.08%
538 Josh St RAINBOW CITY, AL This beautiful home in the highly desirable area of Rainbow City is situated on 0.66 acres...	3 beds \| 2 baths \| 2,016 sq.ft.	$244,999	Airbnb cash on cash: -0.51% Traditional cash on cash: 9.25% Airbnb Rental Income: $533 Traditional Rental Income: $2514 Airbnb ROI: -0.51% Traditional ROI: 9.25%
1980 Riddles Bend Rd RAINBOW CITY, AL Looking for space to spread out? This full brick 2104 sq ft +/- 3-bedroom, 2 full bath hom...	3 beds \| 2 baths \| 2,194 sq.ft.	$259,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 8.13% Airbnb Rental Income: $533 Traditional Rental Income: $2434 Airbnb ROI: -0.75% Traditional ROI: 8.13%
390 Indian Lake Dr RAINBOW CITY, AL Stunning Lakefront Home on the Coosa River in Riddles Bend with 100 ft. of river frontage....	5 beds \| 4 baths \| 3,123 sq.ft.	$814,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.05% Airbnb Rental Income: $null Traditional Rental Income: $4996 Airbnb ROI: N/A Traditional ROI: 5.05%
204 Seville Ln RAINBOW CITY, AL Welcome home to this 2409 Sq Ft +/-, 4-bedroom, 3-bath ranch-style home that perfectly ble...	4 beds \| 3 baths \| 2,409 sq.ft.	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.73% Airbnb Rental Income: $null Traditional Rental Income: $2712 Airbnb ROI: N/A Traditional ROI: 8.73%
351 Canoe Creek Rd RAINBOW CITY, AL Waterfront living at its best! This newly renovated one-story home on a scenic creek flowi...	4 beds \| 3 baths \| 2,796 sq.ft.	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.7% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 2.7%
351 CANOE CREEK ROAD RAINBOW CITY, AL Please confirm all items of importance. Septic Installed 2022	4 beds \| 3 baths \| N/A	$674,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.7% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 2.7%
104 Ivanhoe Ln RAINBOW CITY, AL 104 Ivanhoe Ln, RAINBOW CITY, AL 35906 \| Single Family Residential	4 beds \| 2 baths \| 2,392 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $2174 Airbnb ROI: N/A Traditional ROI: 6.21%
103 Woodbrook Ln RAINBOW CITY, AL 103 Woodbrook Ln, RAINBOW CITY, AL 35906 \| Single Family Residential	4 beds \| N/A baths \| 1,572 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $1572 Airbnb ROI: N/A Traditional ROI: 5.72%
12.2 Riddles Bend Rd RAINBOW CITY, AL 12.2 Riddles Bend Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$129,900	Airbnb cash on cash: -2.65% Traditional cash on cash: 3.81% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -2.65% Traditional ROI: 3.81%
211 Riddles Bend Rd RAINBOW CITY, AL 211 Riddles Bend Rd, RAINBOW CITY, AL 35906 \| Single Family Residential	3 beds \| N/A baths \| 1,152,900 sq.ft.	$195,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 6.3% Airbnb Rental Income: $533 Traditional Rental Income: $1522 Airbnb ROI: -0.54% Traditional ROI: 6.3%
579 Perman Lake Rd RAINBOW CITY, AL 579 Perman Lake Rd, RAINBOW CITY, AL 35906 \| Single Family Residential	5 beds \| N/A baths \| 3,689 sq.ft.	$975,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.81% Airbnb Rental Income: $null Traditional Rental Income: $2101 Airbnb ROI: N/A Traditional ROI: 0.81%
4 Rainbow Dr RAINBOW CITY, AL 4 Rainbow Dr, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: -2.43% Traditional cash on cash: 2.86% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -2.43% Traditional ROI: 2.86%
000 Hiawatha Pl #3.75 RAINBOW CITY, AL 000 Hiawatha Pl #3.75, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: -2.34% Traditional cash on cash: 2.5% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -2.34% Traditional ROI: 2.5%
117-121 E Grand Ave RAINBOW CITY, AL 117-121 E Grand Ave, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$325,000	Airbnb cash on cash: -1.92% Traditional cash on cash: 0.73% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -1.92% Traditional ROI: 0.73%
4012 (.75acre) Hwy 411 RAINBOW CITY, AL	N/A beds \| N/A baths \| N/A	$95,500	Airbnb cash on cash: -3.09% Traditional cash on cash: 5.59% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -3.09% Traditional ROI: 5.59%
Lot Hummingbird Way RAINBOW CITY, AL	N/A beds \| N/A baths \| N/A	$59,900	Airbnb cash on cash: -3.99% Traditional cash on cash: 9.44% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -3.99% Traditional ROI: 9.44%
208 Vera Ln RAINBOW CITY, AL 208 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
6.75 Acres Brown Ave RAINBOW CITY, AL 6.75 Acres Brown Ave, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$399,900	Airbnb cash on cash: -1.82% Traditional cash on cash: 0.42% Airbnb Rental Income: $153 Traditional Rental Income: $779 Airbnb ROI: -1.82% Traditional ROI: 0.42%
101 River Point Rd RAINBOW CITY, AL 101 River Point Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,500	Airbnb cash on cash: -4.5% Traditional cash on cash: 11.5% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -4.5% Traditional ROI: 11.5%
100 River Point Rd RAINBOW CITY, AL 100 River Point Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$52,000	Airbnb cash on cash: -4.37% Traditional cash on cash: 10.93% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -4.37% Traditional ROI: 10.93%
002 Steele Station Rd RAINBOW CITY, AL 002 Steele Station Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: -2.7% Traditional cash on cash: 4% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -2.7% Traditional ROI: 4%
001 Steele Station Rd RAINBOW CITY, AL 001 Steele Station Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: -2.7% Traditional cash on cash: 4% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -2.7% Traditional ROI: 4%
210 Vera Ln RAINBOW CITY, AL 210 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
211 Vera Ln RAINBOW CITY, AL 211 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
209 Vera Ln RAINBOW CITY, AL 209 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
206 Vera Ln RAINBOW CITY, AL 206 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
205 Vera Ln RAINBOW CITY, AL 205 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
204 Vera Ln RAINBOW CITY, AL 204 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
202 Vera Ln RAINBOW CITY, AL 202 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
203 Vera Ln RAINBOW CITY, AL 203 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
201 Vera Ln RAINBOW CITY, AL 201 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
200 Vera Ln RAINBOW CITY, AL 200 Vera Ln, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: -4.47% Traditional cash on cash: 11.49% Airbnb Rental Income: $153 Traditional Rental Income: $750 Airbnb ROI: -4.47% Traditional ROI: 11.49%
110 River Point Rd RAINBOW CITY, AL 110 River Point Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| N/A	$53,500	Airbnb cash on cash: -4.28% Traditional cash on cash: 10.63% Airbnb Rental Income: $153 Traditional Rental Income: $746 Airbnb ROI: -4.28% Traditional ROI: 10.63%
2.19 Acres Whorton Bend Rd RAINBOW CITY, AL 2.19 Acres Whorton Bend Rd, RAINBOW CITY, AL 35906 \| Other	N/A beds \| N/A baths \| 2,607 sq.ft.	$149,900	Airbnb cash on cash: -2.49% Traditional cash on cash: 5.4% Airbnb Rental Income: $153 Traditional Rental Income: $1070 Airbnb ROI: -2.49% Traditional ROI: 5.4%

Real Estate investment in Rainbow-city, AL

There are 69 properties for sale in the city of Rainbow City . The median list price in Rainbow City is $197,450 and the average price per square foot is $6. In May 2026, the average monthly cash on cash return in Rainbow City is 7.00%. The average monthly rental income in Rainbow City is $1,522.

Rainbow-city, AL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 69 investment properties available for sale in Rainbow-city.

In 2026, the best neighborhood to buy investment property is RAINBOW CITY.

The ROI for Long-Term is higher than the Short-Term in Rainbow-city with average rental income of $1,522.

Your search for investment property begins and ends here

Investment Property for Sale in Rainbow City, AL

132 Pineview St

RAINBOW CITY, AL

4 beds | 2 baths | 1,492 sq.ft.

$159,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.4%

Airbnb Rental Income: $null

Traditional Rental Income: $1852

Airbnb ROI: N/A

Traditional ROI: 10.4%

114 Royal Troon Dr

RAINBOW CITY, AL

5 beds | 2 baths | 2,608 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.44%

Airbnb Rental Income: $null

Traditional Rental Income: $3003

Airbnb ROI: N/A

Traditional ROI: 7.44%

100 Norwood Dr

RAINBOW CITY, AL

5 beds | 4 baths | 4,188 sq.ft.

$584,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.43%

Airbnb Rental Income: $null

Traditional Rental Income: $3755

Airbnb ROI: N/A

Traditional ROI: 5.43%

207 Hummingbird Way

RAINBOW CITY, AL

5 beds | 4 baths | 4,822 sq.ft.

$599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.83%

Airbnb Rental Income: $null

Traditional Rental Income: $3470

Airbnb ROI: N/A

Traditional ROI: 4.83%

514 Diversey St

RAINBOW CITY, AL

3 beds | 2 baths | 1,396 sq.ft.

$225,000

Airbnb cash on cash: -0.88%

Traditional cash on cash: 7.8%

Airbnb Rental Income: $533

Traditional Rental Income: $2103

Airbnb ROI: -0.88%

Traditional ROI: 7.8%

5351 Lister Ferry Rd

RAINBOW CITY, AL

4 beds | 3 baths | 3,098 sq.ft.

$674,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.08%

Airbnb Rental Income: $null

Traditional Rental Income: $3424

Airbnb ROI: N/A

Traditional ROI: 4.08%

538 Josh St

RAINBOW CITY, AL

3 beds | 2 baths | 2,016 sq.ft.

$244,999

Airbnb cash on cash: -0.51%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $533

Traditional Rental Income: $2514

Airbnb ROI: -0.51%

Traditional ROI: 9.25%

1980 Riddles Bend Rd

RAINBOW CITY, AL

3 beds | 2 baths | 2,194 sq.ft.

$259,900

Airbnb cash on cash: -0.75%

Traditional cash on cash: 8.13%

Airbnb Rental Income: $533

Traditional Rental Income: $2434

Airbnb ROI: -0.75%