STR Yield
← Back to deals
MortgageCash
2290 Marlene Ave

2290 Marlene Ave

Redding, CA 96002

$375,000

3 bd · 2 ba · 1,154 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

1961

Sqft

1,154

Lot sqft

26,136

HOA / mo

$0

Furnished

No

List date

2026-10-07T15:38:44.000000Z

Revenue

Annual revenue

$32,828

ADR

$151

Occupancy

60%

Cleaning fees (12 mo)

$5,012

Confidence

Low (24.8), 7 comps

Comp revenue range (p25 / median / p75)

$9,112$33,641$46,766

Median revenue of shown comps: $33,641

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

    House · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $52,876ADR $220Occ ≈ 66%5★ (213)

    AirbnbVrbo

  • Forest Homes Retreat

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $40,656ADR $291Occ ≈ 38%5★ (53)

    AirbnbVrbo

  • Redding Poolside Retreat | Family & Pet Friendly

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $62,679ADR $231Occ ≈ 74%4.8★ (163)

    AirbnbVrbo

  • Calm, Cozy & Clean (5 beds + pooltable & foosball)

    House · 3 bd · 1.5 ba · sleeps 7 · 0.4 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $33,641ADR $201Occ ≈ 46%5★ (203)

    Airbnb

  • Charming 3BR SmartHome w WiFi Games Good Location!

    House · 3 bd · 2 ba · sleeps 8 · 0.5 mi

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

    Airbnb

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

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

    Revenue $7,931ADR $105Occ ≈ 21%4.8★ (8)

    Delisted

  • LUXE Modern getaway retreat

    House · 3 bd · 1.5 ba · sleeps 6 · 0.7 mi

    Revenue $10,293ADR $155Occ ≈ 18%4.8★ (7)

    Delisted

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
Management

Est. revenue

$32,828

NOI

$13,117

Cash flow /mo

$1,093

Cash needed

$409,500

Cash-on-cash (all cash)

3.2%

ROE (yr 1)

6.0%

Cap rate

3.5%

DSCR

—

Year-1 write-off

$92,468

Year-1 tax shield @ 32%

$29,590

Year-1 return on equity

  • Cash flow (annual)$13,117
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,250
ROE6.0%

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)$6,566
  • Platform fees (3% of revenue)$985
  • Maintenance / capex (5% of revenue)$1,641
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,688
  • Insurance (STR-rated)$2,194

Cash needed to close

  • Purchase price (all cash)$375,000
  • Closing costs (4.0%)$15,000
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$29,590

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

$284,000

Short-life (5/15-yr)

$73,000 · 26%

Year-1 deduction

$92,000

Year-1 tax shield @ 32%

$30,000

Land 24% (county tax record, assessed value split) · building $211,000 over 39 years · new furniture $20,000

Based on: 1,154 sq ft, built 1961, 3 bd / 2 ba, unfurnished, listing features (fireplace, stone counters, flooring types, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $68,000 in year 1 (17% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$69,300

  • Kitchen cabinetsdefault

    $8,300 new × 40% good × 2.85 allocation

    $9,500

  • Kitchen countertops (stone)listing

    $8,500 new × 40% good × 2.85 allocation

    $9,700

  • Decorative trimdefault

    $2,000 new × 40% good × 2.85 allocation

    $2,300

  • Mirrorsdefault

    $300 new × 40% good × 2.85 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.85 allocation

    $1,400

  • Window coverings (12)default

    $3,000 new × 40% good × 2.85 allocation

    $3,400

  • Carpet, vinyl & laminate (25% of floors)listing

    $1,900 new × 40% good × 2.85 allocation

    $2,100

  • Kitchen & laundry equipment plumbingdefault

    $6,500 new × 40% good × 2.85 allocation

    $7,400

  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 40% good × 2.85 allocation

    $4,500

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

    $8,100 new × 40% good × 2.85 allocation

    $9,200

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$22,900

  • Paving: driveway & walks (paved)default

    $7,000 new × 50% good × 2.85 allocation

    $10,000

  • Landscaping (typical)default

    $6,800 new × 50% good × 2.85 allocation

    $9,600

  • Patiosdefault

    $1,100 new × 50% good × 2.85 allocation

    $1,600

  • Decks & porches (attached)default

    $1,100 new × 50% good × 2.85 allocation

    $1,600
Building, 39-year$211,500

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

    $124,600 new × 40% good × 2.85 allocation

    $142,000

  • Building plumbing & fixturesdefault

    $12,900 new × 40% good × 2.85 allocation

    $14,700

  • Building electrical & lightingdefault

    $11,900 new × 40% good × 2.85 allocation

    $13,600

  • HVACdefault

    $13,000 new × 40% good × 2.85 allocation

    $14,800

  • Hardwood & tile floorsdefault

    $5,600 new × 40% good × 2.85 allocation

    $6,300

  • Fireplacelisting

    $2,600 new × 40% good × 2.85 allocation

    $3,000

  • Septic systemlisting

    $12,000 new × 50% good × 2.85 allocation

    $17,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$69,300$22,900$200$92,500
2$0$0$5,400$5,400
3$0$0$5,400$5,400
4$0$0$5,400$5,400
5$0$0$5,400$5,400
6+$0$0$189,600$189,600
Total$69,300$22,900$211,500$303,700

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.