STR Yield
← Back to deals
MortgageCash
2345 Belladonna St

2345 Belladonna St

Redding, CA 96002

$325,000

3 bd · 1 ba · 1,064 sqft · Listed 12d ago

View on Realtor.com →
Low confidence

Year built

1960

Sqft

1,064

Lot sqft

8,276

HOA / mo

$0

Furnished

No

List date

2026-09-17T21:15:36.000000Z

Revenue

Annual revenue

$30,492

ADR

$138

Occupancy

61%

Cleaning fees (12 mo)

$4,301

Confidence

Low (23.93), 6 comps

Comp revenue range (p25 / median / p75)

$12,105$27,069$47,690

  • Charming 3BR SmartHome w WiFi Games Good Location!

    House · 3 bd · 2 ba · sleeps 8 · 512 ft

    Revenue $5,922ADR $423Occ ≈ 4%4.5★ (2)

    AirbnbVrbo

  • Redding Poolside Retreat | Family & Pet Friendly

    House · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $63,449ADR $238Occ ≈ 73%4.8★ (157)

    AirbnbVrbo

  • Comfortable 30+ Day Stay – Perfect for Work/Travel

    House · 3 bd · 2 ba · sleeps 8 · 0.4 mi

    Revenue $16,255ADR $169Occ ≈ 26%4.8★ (6)

    AirbnbVrbo

  • Cozy 3/2 Mid-Century Modern Home With Backyard

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $10,721ADR $101Occ ≈ 29%4.8★ (8)

    Airbnb

  • Forest Homes Retreat

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $37,882ADR $292Occ ≈ 36%5★ (46)

    AirbnbVrbo

  • Timber Haven- Cozy Nest w/Hot Tub & EV Charger

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $50,959ADR $221Occ ≈ 63%5★ (205)

    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

Financing

Est. revenue

$30,492

NOI

$12,278

Cash flow /mo

$1,023

Cash needed

$357,500

Cash-on-cash (all cash)

3.4%

ROE (yr 1)

6.2%

Cap rate

3.8%

DSCR

—

Year-1 write-off

$111,703

Year-1 tax shield @ 32%

$35,745

Year-1 return on equity

  • Cash flow (annual)$12,278
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$9,750
ROE6.2%
ROE incl. year-1 tax savings (32% bracket, STR loophole)16.2%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$6,098
  • Platform fees (3% of revenue)$915
  • Maintenance / capex (5% of revenue)$1,525
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,063
  • Insurance (STR-rated)$1,901

Cash needed to close

  • Purchase price (all cash)$325,000
  • Closing costs (4.0%)$13,000
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$35,745

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

$273,000

Short-life (5/15-yr)

$92,000 · 34%

Year-1 deduction

$112,000

Year-1 tax shield @ 32%

$36,000

Land 16% (county tax record, assessed value split) · building $181,000 over 39 years · new furniture $20,000

Based on: 1,064 sq ft, built 1960, 3 bd / 1 ba, unfurnished, listing features (covered patio, fence, fireplace, flooring types).

IRS-guide safe-harbor floor: $89,000 in year 1 (25% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$68,800

  • Kitchen cabinetsdefault

    $8,100 new × 40% good × 2.91 allocation

    $9,500

  • Kitchen countertopsdefault

    $6,700 new × 40% good × 2.91 allocation

    $7,700

  • Decorative trimdefault

    $1,900 new × 40% good × 2.91 allocation

    $2,200

  • Mirrorsdefault

    $200 new × 40% good × 2.91 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 2.91 allocation

    $1,400

  • Window coverings (11)default

    $2,800 new × 40% good × 2.91 allocation

    $3,200

  • Carpet, vinyl & laminate (50% of floors)listing

    $3,400 new × 40% good × 2.91 allocation

    $4,000

  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 40% good × 2.91 allocation

    $7,400

  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 40% good × 2.91 allocation

    $4,400

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.91 allocation

    $9,400

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$42,300

  • Paving: driveway & walks (paved)default

    $6,800 new × 50% good × 2.91 allocation

    $9,800

  • Landscaping (typical)default

    $6,500 new × 50% good × 2.91 allocation

    $9,500

  • Covered patiolisting

    $8,800 new × 50% good × 2.91 allocation

    $12,800

  • Decks & porches (attached)default

    $1,100 new × 50% good × 2.91 allocation

    $1,500

  • Fencinglisting

    $6,000 new × 50% good × 2.91 allocation

    $8,700
Building, 39-year$181,000

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $114,900 new × 40% good × 2.91 allocation

    $133,600

  • Building plumbing & fixturesdefault

    $11,900 new × 40% good × 2.91 allocation

    $13,900

  • Building electrical & lightingdefault

    $10,800 new × 40% good × 2.91 allocation

    $12,500

  • HVACdefault

    $12,000 new × 40% good × 2.91 allocation

    $13,900

  • Hardwood & tile floorsdefault

    $3,400 new × 40% good × 2.91 allocation

    $4,000

  • Fireplacelisting

    $2,600 new × 40% good × 2.91 allocation

    $3,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$68,800$42,300$600$111,700
2$0$0$4,600$4,600
3$0$0$4,600$4,600
4$0$0$4,600$4,600
5$0$0$4,600$4,600
6+$0$0$161,800$161,800
Total$68,800$42,300$181,000$292,100

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.