12891 Fargo Ln
Redding, CA 96003
$729,000
4 bd · 3.5 ba · 1,655 sqft · Listed today
View on Realtor.com →Year built
2019
Sqft
1,655
Lot sqft
179,032
HOA / mo
$0
Furnished
No
List date
2026-10-14T02:59:28.000000Z
Revenue
Annual revenue
$43,589
ADR
$194
Occupancy
62%
Cleaning fees (12 mo)
$7,030
Confidence
Low (50.26), 9 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $45,728
Cozy Shasta Retreat.
House · 4 bd · 2 ba · sleeps 7 · 0.3 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +4
Revenue $35,941ADR $167Occ ≈ 59%4.7★ (75)
Modern Woods Retreat
House · 3 bd · 2 ba · sleeps 6 · 1.3 mi
Revenue $48,755ADR $249Occ ≈ 54%5★ (18)
Delisted
Shasta Lake Retreat! 4 Bedroom Home on 1/2 acre
House · 4 bd · 2 ba · sleeps 8 · 1.4 mi
Revenue $14,066ADR $243Occ ≈ 16%5★ (42)
Delisted
Close to I5: Newer Pet-friendly Home Near Bethel
House · 3 bd · 2 ba · sleeps 7 · 1.4 mi
Revenue $20,287ADR $142Occ ≈ 39%3.7★ (3)
Shasta House
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $45,728ADR $190Occ ≈ 66%5★ (88)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Shasta Retreat. House
| 4 bd · 2 ba · sleeps 7 | $35,941 | $167 | 59% | 4.7★ (75) | 0.3 mi | Airbnb |
*Family friendly *Hot Tub *2200 sq ft *2 acres House
| 3 bd · 2 ba · sleeps 9 | $55,919 | $259 | 59% | 4.7★ (129) | 1.0 mi | AirbnbVrbo |
Modern Woods Retreat House | 3 bd · 2 ba · sleeps 6 | $48,755 | $249 | 54% | 5★ (18) | 1.3 mi | Delisted |
Mac's Place | A Modern Woods Retreat w/Treehouse House
| 3 bd · 2 ba · sleeps 6 | $21,605 | $250 | 24% | 5★ (11) | 1.3 mi | AirbnbVrboBooking |
Shasta Lake Retreat! 4 Bedroom Home on 1/2 acre House | 4 bd · 2 ba · sleeps 8 | $14,066 | $243 | 16% | 5★ (42) | 1.4 mi | Delisted |
Close to I5: Newer Pet-friendly Home Near Bethel House | 3 bd · 2 ba · sleeps 7 | $20,287 | $142 | 39% | 3.7★ (3) | 1.4 mi | Airbnb |
White retreat-close to I5- Petfriendly near Bethel House
| 3 bd · 2 ba · sleeps 8 | $52,619 | $174 | 83% | 4.8★ (82) | 1.5 mi | AirbnbVrboBooking |
*Boat parking *Pool *Hot Tub *3000 sq ft House
| 4 bd · 3.5 ba · sleeps 12 | $78,618 | $361 | 60% | 4.9★ (76) | 1.8 mi | AirbnbVrbo |
Shasta House House
| 3 bd · 2 ba · sleeps 6 | $45,728 | $190 | 66% | 5★ (88) | 1.9 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$43,589
NOI
$14,900
Cash flow /mo
-$2,827
Cash needed
$240,410
Cash-on-cash
-14.1%
ROE (yr 1)
-3.2%
Cap rate
2.0%
DSCR
0.31
Year-1 write-off
$134,957
Year-1 tax shield @ 32%
$43,186
Year-1 return on equity
- Cash flow (annual)-$33,930
- Principal paydown$4,433
- Appreciation at%$21,870
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,718
- Platform fees (3% of revenue)$1,308
- Maintenance / capex (5% of revenue)$2,179
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,113
- Insurance (STR-rated)$4,265
Cash needed to close
- Down payment (25%)$182,250
- Closing costs (4.0%)$29,160
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$43,186
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
$550,000
Short-life (5/15-yr)
$105,000 · 19%
Year-1 deduction
$135,000
Year-1 tax shield @ 32%
$43,000
Land 25% (county tax record, assessed value split) · building $444,000 over 39 years · new furniture $29,000
Based on: 1,655 sq ft, built 2019, 4 bd / 3.5 ba, unfurnished, listing features (hot tub, game room, flooring types, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $100,000 in year 1 (13% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $14,100
Kitchen cabinetsdefault
$9,400 new × 72% good × 2.07 allocation
- $11,500
Kitchen countertopsdefault
$7,700 new × 72% good × 2.07 allocation
- $4,300
Decorative trimdefault
$2,900 new × 72% good × 2.07 allocation
- $400
Mirrorsdefault
$500 new × 42% good × 2.07 allocation
- $2,200
Shelvingdefault
$1,500 new × 72% good × 2.07 allocation
- $3,500
Window coverings (17)default
$4,300 new × 40% good × 2.07 allocation
- $4,600
Carpet, vinyl & laminate (50% of floors)listing
$5,300 new × 42% good × 2.07 allocation
- $13,100
Kitchen & laundry equipment plumbingdefault
$7,300 new × 86% good × 2.07 allocation
- $7,900
Kitchen, laundry & data equipment electricaldefault
$4,400 new × 86% good × 2.07 allocation
- $7,000
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 42% good × 2.07 allocation
- $7,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.07 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $12,600
Paving: driveway & walks (paved)default
$8,400 new × 72% good × 2.07 allocation
- $12,100
Landscaping (typical)default
$8,100 new × 72% good × 2.07 allocation
- $2,400
Patiosdefault
$1,600 new × 72% good × 2.07 allocation
- $2,200
Decks & porches (attached)default
$1,600 new × 65% good × 2.07 allocation
- $327,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$178,900 new × 88% good × 2.07 allocation
- $33,200
Building plumbing & fixturesdefault
$18,600 new × 86% good × 2.07 allocation
- $32,600
Building electrical & lightingdefault
$18,300 new × 86% good × 2.07 allocation
- $25,100
HVACdefault
$18,600 new × 65% good × 2.07 allocation
- $8,000
Hardwood & tile floorsdefault
$5,300 new × 72% good × 2.07 allocation
- $17,900
Septic systemlisting
$12,000 new × 72% good × 2.07 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $105,100 | $29,400 | $500 | $135,000 |
| 2 | $0 | $0 | $11,400 | $11,400 |
| 3 | $0 | $0 | $11,400 | $11,400 |
| 4 | $0 | $0 | $11,400 | $11,400 |
| 5 | $0 | $0 | $11,400 | $11,400 |
| 6+ | $0 | $0 | $398,400 | $398,400 |
| Total | $105,100 | $29,400 | $444,400 | $578,900 |
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, Georgia and Wisconsin 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.