505 Martinique Cir
Redding, CA 96003
$349,900
4 bd · 2 ba · 1,804 sqft · Listed 1d ago
View on Realtor.com →Year built
1990
Sqft
1,804
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-10-12T17:57:15.000000Z
Revenue
Annual revenue
$62,465
ADR
$228
Occupancy
75%
Cleaning fees (12 mo)
$15,876
Confidence
Low (-0.37), 5 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $23,720
Hanland House
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $103,629ADR $358Occ ≈ 79%5★ (4)
Modern 4 bedroom Central Home
House · 4 bd · 2.5 ba · sleeps 7 · 0.6 mi
Revenue $13,402ADR $108Occ ≈ 34%5★ (1)
Mountain view oasis
House · 4 bd · 2 ba · sleeps 6 · 0.7 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $23,720ADR $191Occ ≈ 34%—
Cozy family friendly stay
Guest house · 4 bd · 1 ba · sleeps 6 · 0.7 mi
Revenue $1,778ADR $96Occ ≈ 5%5★ (5)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Hanland House | Home Away From Home House
| 4 bd · 2 ba · sleeps 8 | $82,103 | $294 | 77% | 5★ (144) | 0.2 mi | AirbnbVrbo |
Hanland House Vacation home | 4 bd · 2 ba · sleeps 8 | $103,629 | $358 | 79% | 5★ (4) | 0.2 mi | Booking |
Modern 4 bedroom Central Home House | 4 bd · 2.5 ba · sleeps 7 | $13,402 | $108 | 34% | 5★ (1) | 0.6 mi | Airbnb |
Mountain view oasis House
| 4 bd · 2 ba · sleeps 6 | $23,720 | $191 | 34% | — | 0.7 mi | Airbnb |
Cozy family friendly stay Guest house | 4 bd · 1 ba · sleeps 6 | $1,778 | $96 | 5% | 5★ (5) | 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$62,465
NOI
$34,879
Cash flow /mo
$953
Cash needed
$124,471
Cash-on-cash
9.2%
ROE (yr 1)
19.3%
Cap rate
10.0%
DSCR
1.49
Year-1 write-off
$91,166
Year-1 tax shield @ 32%
$29,173
Year-1 return on equity
- Cash flow (annual)$11,442
- Principal paydown$2,128
- Appreciation at%$10,497
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)$12,493
- Platform fees (3% of revenue)$1,874
- Maintenance / capex (5% of revenue)$3,123
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,374
- Insurance (STR-rated)$2,047
Cash needed to close
- Down payment (25%)$87,475
- Closing costs (4.0%)$13,996
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$29,173
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
$274,000
Short-life (5/15-yr)
$68,000 · 25%
Year-1 deduction
$91,000
Year-1 tax shield @ 32%
$29,000
Land 22% (county tax record, assessed value split) · building $206,000 over 39 years · new furniture $23,000
Based on: 1,804 sq ft, built 1990, 4 bd / 2 ba, unfurnished, listing features (patio, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $72,000 in year 1 (18% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,600
Kitchen cabinetsdefault
$9,800 new × 40% good × 1.95 allocation
- $6,200
Kitchen countertopsdefault
$8,000 new × 40% good × 1.95 allocation
- $2,500
Decorative trimdefault
$3,200 new × 40% good × 1.95 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.95 allocation
- $1,200
Shelvingdefault
$1,500 new × 40% good × 1.95 allocation
- $3,500
Window coverings (18)default
$4,500 new × 40% good × 1.95 allocation
- $4,500
Carpet, vinyl & laminate (50% of floors)listing
$5,800 new × 40% good × 1.95 allocation
- $5,900
Kitchen & laundry equipment plumbingdefault
$7,600 new × 40% good × 1.95 allocation
- $3,600
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 40% good × 1.95 allocation
- $6,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.95 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $8,600
Paving: driveway & walks (paved)default
$8,800 new × 50% good × 1.95 allocation
- $8,200
Landscaping (typical)default
$8,500 new × 50% good × 1.95 allocation
- $7,900
Patioslisting
$8,100 new × 50% good × 1.95 allocation
- $1,700
Decks & porches (attached)default
$1,800 new × 50% good × 1.95 allocation
- $152,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$195,300 new × 40% good × 1.95 allocation
- $15,800
Building plumbing & fixturesdefault
$20,300 new × 40% good × 1.95 allocation
- $15,700
Building electrical & lightingdefault
$20,100 new × 40% good × 1.95 allocation
- $15,800
HVACdefault
$20,300 new × 40% good × 1.95 allocation
- $4,500
Hardwood & tile floorsdefault
$5,800 new × 40% good × 1.95 allocation
- $2,100
Fireplacelisting
$2,600 new × 40% good × 1.95 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $64,500 | $26,500 | $200 | $91,200 |
| 2 | $0 | $0 | $5,300 | $5,300 |
| 3 | $0 | $0 | $5,300 | $5,300 |
| 4 | $0 | $0 | $5,300 | $5,300 |
| 5 | $0 | $0 | $5,300 | $5,300 |
| 6+ | $0 | $0 | $184,600 | $184,600 |
| Total | $64,500 | $26,500 | $206,000 | $296,900 |
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.