19276 Lewallen Ct
Redding, CA 96003
$649,900
4 bd · 2.5 ba · 2,239 sqft · Listed 6d ago
View on Realtor.com →Year built
1997
Sqft
2,239
Lot sqft
18,295
HOA / mo
$0
Furnished
No
List date
2026-11-06T23:41:18.000000Z
Revenue
Annual revenue
$50,892
ADR
$187
Occupancy
75%
Cleaning fees (12 mo)
$7,525
Confidence
Low (3.52), 9 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $30,734
Pool/HotYoga/Cold Plunge/Sauna
House · 4 bd · 2.5 ba · sleeps 12 · 0.1 mi
Revenue $25,702ADR $449Occ ≈ 16%5★ (2)
Delisted
The Ridgewood Estate | Pool - Fire Pit - Central
House · 4 bd · 2.5 ba · sleeps 10 · 0.2 mi
Revenue $127,661ADR $696Occ ≈ 50%5★ (12)
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $6,713ADR $0Occ ≈ ——
Family Escape | Dog Friendly + Hot Tub + Fire Pit
House · 4 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $588ADR $588Occ ≈ 0%4.8★ (37)
4BR Retreat - Pool & Sauna on site
House · 4 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $35,765ADR $0Occ ≈ —4.5★ (13)
Delisted
Peaceful Estate: 4BR, Soaking Tub & Forest Views
House · 4 bd · 2 ba · sleeps 8 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $11,442ADR $197Occ ≈ 16%5★ (7)
Upscale Spacious Home Best Neighbhd 30 Day Minimum
House · 4 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $12,745ADR $133Occ ≈ 26%—
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Pool/HotYoga/Cold Plunge/Sauna House | 4 bd · 2.5 ba · sleeps 12 | $25,702 | $449 | 16% | 5★ (2) | 0.1 mi | Delisted |
The Ridgewood Estate | Pool - Fire Pit - Central House | 4 bd · 2.5 ba · sleeps 10 | $127,661 | $696 | 50% | 5★ (12) | 0.2 mi | Airbnb |
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR Vacation home | 4 bd · 2 ba · sleeps 8 | $6,713 | $0 | — | — | 0.2 mi | Booking |
Sunny Pines | Pool & Spa+Central House
| 4 bd · 2 ba · sleeps 10 | $93,239 | $500 | 51% | 5★ (30) | 0.2 mi | AirbnbVrbo |
Family Escape | Dog Friendly + Hot Tub + Fire Pit House | 4 bd · 2 ba · sleeps 8 | $588 | $588 | 0% | 4.8★ (37) | 0.2 mi | Airbnb |
4BR Retreat - Pool & Sauna on site House | 4 bd · 2 ba · sleeps 6 | $35,765 | $0 | — | 4.5★ (13) | 0.3 mi | Delisted |
Peaceful Estate: 4BR, Soaking Tub & Forest Views House
| 4 bd · 2 ba · sleeps 8 | $11,442 | $197 | 16% | 5★ (7) | 0.3 mi | Airbnb |
Upscale Spacious Home Best Neighbhd 30 Day Minimum House | 4 bd · 2 ba · sleeps 6 | $12,745 | $133 | 26% | — | 0.4 mi | Delisted |
Pool + Hot Tub | 4 BR | The Atelier Retreat House
| 4 bd · 2 ba · sleeps 9 | $64,342 | $439 | 40% | 5★ (28) | 0.5 mi | AirbnbVrbo |
Redding Home w/ Patio Near Fishing! House | 4 bd · 2 ba · sleeps 8 | $53,930 | $209 | 71% | 4.9★ (57) | 0.7 mi | AirbnbBooking |
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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$50,892
NOI
$21,491
Cash flow /mo
-$1,762
Cash needed
$211,471
Cash-on-cash
-10.0%
ROE (yr 1)
1.2%
Cap rate
3.3%
DSCR
0.50
Year-1 write-off
$188,566
Year-1 tax shield @ 32%
$60,341
Year-1 return on equity
- Cash flow (annual)-$21,142
- Principal paydown$4,129
- Appreciation at%$19,497
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)$10,178
- Platform fees (3% of revenue)$1,527
- Maintenance / capex (5% of revenue)$2,545
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,124
- Insurance (STR-rated)$3,802
Cash needed to close
- Down payment (25%)$162,475
- Closing costs (4.0%)$25,996
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$60,341
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
$555,000
Short-life (5/15-yr)
$165,000 · 30%
Year-1 deduction
$189,000
Year-1 tax shield @ 32%
$60,000
Land 15% (county tax record, assessed value split) · building $390,000 over 39 years · new furniture $23,000
Based on: 2,239 sq ft, built 1997, 4 bd / 2.5 ba, unfurnished, listing features (pool, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $162,000 in year 1 (25% short-life, $52,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,300
Kitchen cabinetsdefault
$10,700 new × 40% good × 2.41 allocation
- $8,400
Kitchen countertopsdefault
$8,800 new × 40% good × 2.41 allocation
- $3,800
Decorative trimdefault
$3,900 new × 40% good × 2.41 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.41 allocation
- $1,400
Shelvingdefault
$1,500 new × 40% good × 2.41 allocation
- $5,300
Window coverings (22)default
$5,500 new × 40% good × 2.41 allocation
- $4,600
Carpet, vinyl & laminate (33% of floors)listing
$4,800 new × 40% good × 2.41 allocation
- $8,400
Kitchen & laundry equipment plumbingdefault
$8,300 new × 42% good × 2.41 allocation
- $5,100
Kitchen, laundry & data equipment electricaldefault
$5,000 new × 42% good × 2.41 allocation
- $7,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.41 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $14,800
Paving: driveway & walks (paved)default
$12,300 new × 50% good × 2.41 allocation
- $11,400
Landscaping (typical)default
$9,400 new × 50% good × 2.41 allocation
- $2,700
Patiosdefault
$2,200 new × 50% good × 2.41 allocation
- $2,700
Decks & porches (attached)default
$2,200 new × 50% good × 2.41 allocation
- $78,200
Pool (in-ground)listing
$65,000 new × 50% good × 2.41 allocation
- $302,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$242,800 new × 52% good × 2.41 allocation
- $25,500
Building plumbing & fixturesdefault
$25,200 new × 42% good × 2.41 allocation
- $25,900
Building electrical & lightingdefault
$25,700 new × 42% good × 2.41 allocation
- $24,300
HVACdefault
$25,200 new × 40% good × 2.41 allocation
- $9,200
Hardwood & tile floorsdefault
$9,600 new × 40% good × 2.41 allocation
- $2,500
Fireplacelisting
$2,600 new × 40% good × 2.41 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $78,500 | $109,700 | $400 | $188,600 |
| 2 | $0 | $0 | $10,000 | $10,000 |
| 3 | $0 | $0 | $10,000 | $10,000 |
| 4 | $0 | $0 | $10,000 | $10,000 |
| 5 | $0 | $0 | $10,000 | $10,000 |
| 6+ | $0 | $0 | $349,100 | $349,100 |
| Total | $78,500 | $109,700 | $389,500 | $577,700 |
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.