2462 Christian Ave
Redding, CA 96002
$320,000
3 bd · 2 ba · 1,512 sqft · Listed 11d ago
View on Realtor.com →Year built
1977
Sqft
1,512
Lot sqft
9,583
HOA / mo
$0
Furnished
No
List date
2026-09-18T18:07:57.000000Z
Revenue
Annual revenue
$24,240
ADR
$112
Occupancy
59%
Cleaning fees (12 mo)
$2,690
Confidence
Low (2.09), 6 comps
Comp revenue range (p25 / median / p75)
Comfy home + great outside space - 30 day
House · 3 bd · 2.5 ba · sleeps 7 · 0.5 mi
Revenue $6,219ADR $87Occ ≈ 20%—
Cozy 3/2 Mid-Century Modern Home With Backyard
House · 3 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $10,721ADR $101Occ ≈ 29%4.8★ (8)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Charming 3BR SmartHome w WiFi Games Good Location! House | 3 bd · 2 ba · sleeps 8 | $5,922 | $423 | 4% | 4.5★ (2) | 0.1 mi | AirbnbVrbo |
Comfortable 30+ Day Stay – Perfect for Work/Travel House | 3 bd · 2 ba · sleeps 8 | $16,255 | $169 | 26% | 4.8★ (6) | 0.2 mi | AirbnbVrbo |
Redding Poolside Retreat | Family & Pet Friendly House | 3 bd · 2 ba · sleeps 6 | $63,449 | $238 | 73% | 4.8★ (157) | 0.2 mi | AirbnbVrbo |
Comfy home + great outside space - 30 day House | 3 bd · 2.5 ba · sleeps 7 | $6,219 | $87 | 20% | — | 0.5 mi | Airbnb |
Forest Homes Retreat House | 3 bd · 2 ba · sleeps 6 | $37,882 | $292 | 36% | 5★ (46) | 0.6 mi | AirbnbVrbo |
Cozy 3/2 Mid-Century Modern Home With Backyard House | 3 bd · 2 ba · sleeps 6 | $10,721 | $101 | 29% | 4.8★ (8) | 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$24,240
NOI
$7,861
Cash flow /mo
-$1,069
Cash needed
$112,300
Cash-on-cash
-11.4%
ROE (yr 1)
-1.0%
Cap rate
2.5%
DSCR
0.38
Year-1 write-off
$97,970
Year-1 tax shield @ 32%
$31,350
Year-1 return on equity
- Cash flow (annual)-$12,832
- Principal paydown$2,094
- Appreciation at%$9,600
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,848
- Platform fees (3% of revenue)$727
- Maintenance / capex (5% of revenue)$1,212
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,000
- Insurance (STR-rated)$1,872
Cash needed to close
- Down payment (25%)$80,000
- Closing costs (4.0%)$12,800
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$31,350
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
$252,000
Short-life (5/15-yr)
$78,000 · 31%
Year-1 deduction
$98,000
Year-1 tax shield @ 32%
$31,000
Land 21% (county tax record, assessed value split) · building $174,000 over 39 years · new furniture $20,000
Based on: 1,512 sq ft, built 1977, 3 bd / 2 ba, unfurnished, listing features (hot tub, patio, fence, flooring types).
IRS-guide safe-harbor floor: $80,000 in year 1 (24% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,300
Kitchen cabinetsdefault
$9,100 new × 40% good × 2.01 allocation
- $6,000
Kitchen countertopsdefault
$7,500 new × 40% good × 2.01 allocation
- $2,100
Decorative trimdefault
$2,600 new × 40% good × 2.01 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 2.01 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.01 allocation
- $3,000
Window coverings (15)default
$3,800 new × 40% good × 2.01 allocation
- $5,200
Carpet, vinyl & laminate (67% of floors)listing
$6,500 new × 40% good × 2.01 allocation
- $5,700
Kitchen & laundry equipment plumbingdefault
$7,100 new × 40% good × 2.01 allocation
- $3,400
Kitchen, laundry & data equipment electricaldefault
$4,300 new × 40% good × 2.01 allocation
- $6,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.01 allocation
- $7,200
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.01 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,100
Paving: driveway & walks (paved)default
$8,100 new × 50% good × 2.01 allocation
- $7,800
Landscaping (typical)default
$7,800 new × 50% good × 2.01 allocation
- $6,800
Patioslisting
$6,800 new × 50% good × 2.01 allocation
- $1,500
Decks & porches (attached)default
$1,500 new × 50% good × 2.01 allocation
- $6,000
Fencinglisting
$6,000 new × 50% good × 2.01 allocation
- $131,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$163,700 new × 40% good × 2.01 allocation
- $13,600
Building plumbing & fixturesdefault
$17,000 new × 40% good × 2.01 allocation
- $13,200
Building electrical & lightingdefault
$16,400 new × 40% good × 2.01 allocation
- $13,700
HVACdefault
$17,000 new × 40% good × 2.01 allocation
- $2,600
Hardwood & tile floorsdefault
$3,200 new × 40% good × 2.01 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,200 | $30,200 | $600 | $98,000 |
| 2 | $0 | $0 | $4,500 | $4,500 |
| 3 | $0 | $0 | $4,500 | $4,500 |
| 4 | $0 | $0 | $4,500 | $4,500 |
| 5 | $0 | $0 | $4,500 | $4,500 |
| 6+ | $0 | $0 | $156,000 | $156,000 |
| Total | $67,200 | $30,200 | $174,500 | $271,900 |
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 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.