2796 Jorzack Way
Shasta Lake, CA 96019
$482,000
3 bd · 2 ba · 1,724 sqft · Listed 13d ago
View on Realtor.com →Year built
2020
Sqft
1,724
Lot sqft
20,473
HOA / mo
$0
Furnished
No
List date
2026-09-16T20:34:06.000000Z
Revenue
Annual revenue
$54,418
ADR
$217
Occupancy
69%
Cleaning fees (12 mo)
$9,127
Confidence
High (80.98), 5 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Shasta House House | 3 bd · 2 ba · sleeps 6 | $45,043 | $189 | 65% | 5★ (86) | 0.3 mi | Airbnb |
 White retreat-close to I5- Petfriendly near Bethel House | 3 bd · 2 ba · sleeps 8 | $51,172 | $175 | 80% | 4.8★ (81) | 1.0 mi | AirbnbVrboBooking |
 Beautiful Country House. House | 3 bd · 2 ba · sleeps 8 | $57,981 | $289 | 55% | 4.9★ (148) | 1.7 mi | AirbnbVrbo |
 *Family friendly *Hot Tub *2200 sq ft *2 acres House | 3 bd · 2 ba · sleeps 9 | $56,514 | $266 | 58% | 4.7★ (128) | 1.9 mi | AirbnbVrbo |
 Perfect Redding Retreat w/Hot tub, Pool & King bed House | 3 bd · 3 ba · sleeps 8 | $74,065 | $348 | 58% | 4.9★ (120) | 2.1 mi | AirbnbVrbo |
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
$54,418
NOI
$26,859
Cash flow /mo
-$359
Cash needed
$159,280
Cash-on-cash
-2.7%
ROE (yr 1)
8.4%
Cap rate
5.6%
DSCR
0.86
Year-1 write-off
$79,150
Year-1 tax shield @ 32%
$25,328
Year-1 return on equity
- Cash flow (annual)-$4,309
- Principal paydown$3,154
- Appreciation at%$14,460
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$10,884
- Platform fees (3% of revenue)$1,633
- Maintenance / capex (5% of revenue)$2,721
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,025
- Insurance (STR-rated)$2,820
Cash needed to close
- Down payment (25%)$120,500
- Closing costs (4.0%)$19,280
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$25,328
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
$398,000
Short-life (5/15-yr)
$59,000 · 15%
Year-1 deduction
$79,000
Year-1 tax shield @ 32%
$25,000
Land 17% (county tax record, assessed value split) · building $339,000 over 39 years · new furniture $20,000
Based on: 1,724 sq ft, built 2020, 3 bd / 2 ba, unfurnished, listing features (fireplace, stone counters, flooring types).
IRS-guide safe-harbor floor: $51,000 in year 1 (8% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,200
Kitchen cabinetsdefault
$9,600 new × 76% good × 1.54 allocation
- $11,500
Kitchen countertops (stone)listing
$9,800 new × 76% good × 1.54 allocation
- $3,500
Decorative trimdefault
$3,000 new × 76% good × 1.54 allocation
- $200
Mirrorsdefault
$300 new × 50% good × 1.54 allocation
- $1,400
Shelvingdefault
$1,200 new × 76% good × 1.54 allocation
- $2,600
Window coverings (17)default
$4,300 new × 40% good × 1.54 allocation
- $5,700
Carpet, vinyl & laminate (67% of floors)listing
$7,400 new × 50% good × 1.54 allocation
- $10,100
Kitchen & laundry equipment plumbingdefault
$7,500 new × 88% good × 1.54 allocation
- $6,100
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 88% good × 1.54 allocation
- $6,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 50% good × 1.54 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $258,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$186,900 new × 90% good × 1.54 allocation
- $26,300
Building plumbing & fixturesdefault
$19,400 new × 88% good × 1.54 allocation
- $25,900
Building electrical & lightingdefault
$19,100 new × 88% good × 1.54 allocation
- $20,900
HVACdefault
$19,400 new × 70% good × 1.54 allocation
- $4,300
Hardwood & tile floorsdefault
$3,700 new × 76% good × 1.54 allocation
- $3,100
Fireplacelisting
$2,600 new × 76% good × 1.54 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $78,100 | $0 | $1,100 | $79,100 |
| 2 | $0 | $0 | $8,700 | $8,700 |
| 3 | $0 | $0 | $8,700 | $8,700 |
| 4 | $0 | $0 | $8,700 | $8,700 |
| 5 | $0 | $0 | $8,700 | $8,700 |
| 6+ | $0 | $0 | $303,400 | $303,400 |
| Total | $78,100 | $0 | $339,300 | $417,400 |
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.