19408 Titleist Way
Redding, CA 96003
$769,000
5 bd · 3 ba · 2,971 sqft · Listed 15d ago
View on Realtor.com →Year built
2004
Sqft
2,971
Lot sqft
14,810
HOA / mo
$0
Furnished
No
List date
2026-09-14T16:47:42.000000Z
Revenue
Annual revenue
$21,347
ADR
$180
Occupancy
32%
Cleaning fees (12 mo)
$1,689
Confidence
Low (21.73), 9 comps
Comp revenue range (p25 / median / p75)
Hope Lane Hideaway
House · 6 bd · 3 ba · sleeps 10 · 0.2 mi
Revenue $22,420ADR $432Occ ≈ 14%4.8★ (15)
Fairway House/The 5th hole hideaway+Game basement
House · 5 bd · 2 ba · sleeps 10 · 0.3 mi
Revenue $49,752ADR $474Occ ≈ 29%4.9★ (19)
Pool/HotYoga/Cold Plunge/Sauna
House · 4 bd · 2.5 ba · sleeps 12 · 0.4 mi
Revenue $25,564ADR $449Occ ≈ 16%5★ (2)
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.5 mi
Revenue $6,713ADR $555Occ ≈ 3%—
4BR Retreat - Pool & Sauna on site
House · 4 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $29,671ADR $314Occ ≈ 26%4.5★ (13)
Prime Estate: 4BR Spacious Luxury & Forest Views
House · 4 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $3,739ADR $233Occ ≈ 4%5★ (1)
Modern Boho pond escape
House · 6 bd · 3 ba · sleeps 16 · 0.6 mi
Revenue $22,524ADR $732Occ ≈ 8%—
Upscale Spacious Home Best Neighbhd 30 Day Minimum
House · 4 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $12,745ADR $133Occ ≈ 26%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Hope Lane Hideaway House | 6 bd · 3 ba · sleeps 10 | $22,420 | $432 | 14% | 4.8★ (15) | 0.2 mi | Airbnb |
Fairway House/The 5th hole hideaway+Game basement House | 5 bd · 2 ba · sleeps 10 | $49,752 | $474 | 29% | 4.9★ (19) | 0.3 mi | Airbnb |
Pool/HotYoga/Cold Plunge/Sauna House | 4 bd · 2.5 ba · sleeps 12 | $25,564 | $449 | 16% | 5★ (2) | 0.4 mi | Airbnb |
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR Vacation home | 4 bd · 2 ba · sleeps 8 | $6,713 | $555 | 3% | — | 0.5 mi | Booking |
Family Escape | Dog Friendly + Hot Tub + Fire Pit House | 4 bd · 2 ba · sleeps 8 | $7,056 | $588 | 3% | 4.8★ (37) | 0.5 mi | AirbnbVrbo |
6b/3b home with Huge Lot, RV Parking! King Bed! House | 6 bd · 3 ba · sleeps 10 | $4,900 | $189 | 7% | 5★ (1) | 0.6 mi | AirbnbVrbo |
4BR Retreat - Pool & Sauna on site House | 4 bd · 2 ba · sleeps 6 | $29,671 | $314 | 26% | 4.5★ (13) | 0.6 mi | Airbnb |
Prime Estate: 4BR Spacious Luxury & Forest Views House | 4 bd · 2 ba · sleeps 8 | $3,739 | $233 | 4% | 5★ (1) | 0.6 mi | Airbnb |
Modern Boho pond escape House | 6 bd · 3 ba · sleeps 16 | $22,524 | $732 | 8% | — | 0.6 mi | Airbnb |
Upscale Spacious Home Best Neighbhd 30 Day Minimum House | 4 bd · 2 ba · sleeps 6 | $12,745 | $133 | 26% | — | 0.7 mi | Airbnb |
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$21,347
NOI
-$1,788
Cash flow /mo
-$4,293
Cash needed
$249,510
Cash-on-cash
-20.6%
ROE (yr 1)
-9.4%
Cap rate
-0.2%
DSCR
-0.04
Year-1 write-off
$134,649
Year-1 tax shield @ 32%
$43,088
Year-1 return on equity
- Cash flow (annual)-$51,514
- Principal paydown$5,032
- Appreciation at%$23,070
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,269
- Platform fees (3% of revenue)$640
- Maintenance / capex (5% of revenue)$1,067
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,613
- Insurance (STR-rated)$4,499
Cash needed to close
- Down payment (25%)$192,250
- Closing costs (4.0%)$30,760
- Furnishing (bought new)$26,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$43,088
Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$596,000
Short-life (5/15-yr)
$107,000 · 18%
Year-1 deduction
$135,000
Year-1 tax shield @ 32%
$43,000
Land 23% (county tax record, assessed value split) · building $489,000 over 39 years · new furniture $27,000
Based on: 2,971 sq ft, built 2004, 5 bd / 3 ba, unfurnished, listing features (covered patio, fireplace, flooring types).
IRS-guide safe-harbor floor: $110,000 in year 1 (14% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,200
Kitchen cabinetsdefault
$12,300 new × 40% good × 1.88 allocation
- $7,600
Kitchen countertopsdefault
$10,100 new × 40% good × 1.88 allocation
- $3,900
Decorative trimdefault
$5,200 new × 40% good × 1.88 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.88 allocation
- $1,400
Shelvingdefault
$1,800 new × 40% good × 1.88 allocation
- $5,600
Window coverings (30)default
$7,500 new × 40% good × 1.88 allocation
- $7,200
Carpet, vinyl & laminate (50% of floors)listing
$9,600 new × 40% good × 1.88 allocation
- $10,100
Kitchen & laundry equipment plumbingdefault
$9,600 new × 56% good × 1.88 allocation
- $6,100
Kitchen, laundry & data equipment electricaldefault
$5,800 new × 56% good × 1.88 allocation
- $6,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.88 allocation
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $13,200
Paving: driveway & walks (paved)default
$14,100 new × 50% good × 1.88 allocation
- $10,200
Landscaping (typical)default
$10,900 new × 50% good × 1.88 allocation
- $23,000
Covered patiolisting
$24,500 new × 50% good × 1.88 allocation
- $2,800
Decks & porches (attached)default
$2,900 new × 50% good × 1.88 allocation
- $382,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$322,400 new × 63% good × 1.88 allocation
- $35,200
Building plumbing & fixturesdefault
$33,500 new × 56% good × 1.88 allocation
- $36,700
Building electrical & lightingdefault
$34,900 new × 56% good × 1.88 allocation
- $25,100
HVACdefault
$33,500 new × 40% good × 1.88 allocation
- $7,200
Hardwood & tile floorsdefault
$9,600 new × 40% good × 1.88 allocation
- $2,000
Fireplacelisting
$2,600 new × 40% good × 1.88 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $83,900 | $49,200 | $1,600 | $134,600 |
| 2 | $0 | $0 | $12,500 | $12,500 |
| 3 | $0 | $0 | $12,500 | $12,500 |
| 4 | $0 | $0 | $12,500 | $12,500 |
| 5 | $0 | $0 | $12,500 | $12,500 |
| 6+ | $0 | $0 | $437,300 | $437,300 |
| Total | $83,900 | $49,200 | $489,100 | $622,200 |
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California and Georgia disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
Rules differ by jurisdiction. City of Redding caps whole-home vacation rentals at 400 with a 600 ft spacing rule (300 ft with a physical buffer), and its permit is NOT transferable to a new owner. Shasta Lake city and unincorporated Shasta County allow permitted rentals with no cap found, but permits also do not transfer on sale. Lodging tax ~10% plus a 2% tourism assessment in Redding. Verify parcel eligibility with the city or county before you buy.