1073 Fallon Ct
Redding, CA 96003
$315,000
3 bd · 2 ba · 912 sqft · Listed 25d ago
View on Realtor.com →Year built
1983
Sqft
912
Lot sqft
8,712
HOA / mo
$0
Furnished
No
List date
2026-09-04T22:12:09.000000Z
Revenue
Annual revenue
$44,381
ADR
$177
Occupancy
69%
Cleaning fees (12 mo)
$6,203
Confidence
Low (31.2), 30 comps
Comp revenue range (p25 / median / p75)
The Cottage w/ a garden view
House · 3 bd · 2 ba · sleeps 6 · 0.9 mi
Revenue $57,784ADR $192Occ ≈ 82%5★ (1060)
Country Oak OASIS With Pool
House · 3 bd · 2 ba · sleeps 6 · 1.3 mi
Revenue $24,577ADR $136Occ ≈ 50%—
Woodhill Estate*Walk by the River, Big yard!
House · 3 bd · 2 ba · sleeps 6 · 1.3 mi
Revenue $44,667ADR $152Occ ≈ 81%4.8★ (195)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Cottage w/ a garden view House | 3 bd · 2 ba · sleeps 6 | $57,784 | $192 | 82% | 5★ (1060) | 0.9 mi | Airbnb |
| Mountain Trio | !VIEWS! Heated Pool & Spacious! House | 3 bd · 2.5 ba · sleeps 8 | $80,444 | $381 | 58% | 5★ (190) | 1.2 mi | AirbnbVrbo |
{Casi⚜️Cielo} Tranquil getaway near Bethel & Shasta House | 3 bd · 2 ba · sleeps 7 | $10,774 | $114 | 26% | 4.7★ (55) | 1.2 mi | AirbnbVrbo |
Modern - Meets Magnolia Farmhouse | Walk to Bethel House | 3 bd · 2 ba · sleeps 6 | $38,314 | $198 | 53% | 4.8★ (228) | 1.2 mi | AirbnbVrbo |
Chic Modern GEM - Spacious & Bright, Walk 2 Bethel House | 3 bd · 2 ba · sleeps 7 | $41,269 | $205 | 55% | 4.9★ (294) | 1.2 mi | AirbnbVrbo |
Panorama green belt view with hot tub & fireplace House | 3 bd · 2 ba · sleeps 6 | $50,944 | $227 | 61% | 5★ (50) | 1.2 mi | AirbnbVrbo |
Lakes and Bethel close by 30 days Apartment | 3 bd · 2 ba · sleeps 6 | $24,474 | $147 | 46% | 4.8★ (28) | 1.3 mi | AirbnbVrbo |
Beautiful Home w/ Hot Tub & Pool House | 3 bd · 3 ba · sleeps 8 | $82,489 | $390 | 58% | 4.8★ (133) | 1.3 mi | AirbnbVrbo |
Country Oak OASIS With Pool House | 3 bd · 2 ba · sleeps 6 | $24,577 | $136 | 50% | — | 1.3 mi | Airbnb |
Woodhill Estate*Walk by the River, Big yard! House | 3 bd · 2 ba · sleeps 6 | $44,667 | $152 | 81% | 4.8★ (195) | 1.3 mi | Airbnb |
Show all 30 comps
Cozy & Comfortable Furnished 3BR Home - 30+ Day
House · 3 bd · 2 ba · sleeps 4 · 1.6 mi
Revenue $9,479ADR $85Occ ≈ 31%5★ (1)
|The Ritz 66| Posh + Pool + Views!
House · 3 bd · 2.5 ba · sleeps 12 · 1.8 mi
Revenue $769ADR $384Occ ≈ 1%—
Charming Escape at Park Place - Cozy & Central
House · 3 bd · 2 ba · sleeps 8 · 1.8 mi
Revenue $49,296ADR $221Occ ≈ 61%4.8★ (38)
Convenient 3-Bdrm Townhome 30Day
Apartment · 3 bd · 2.5 ba · sleeps 4 · 1.8 mi
Revenue $15,592ADR $63Occ ≈ 68%—
Cozy 3-Bedroom Townhome - 30 Day
Apartment · 3 bd · 2.5 ba · sleeps 4 · 1.9 mi
Revenue $28,150ADR $94Occ ≈ 82%—
The Watercress*walk by the river play in the park!
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $45,772ADR $164Occ ≈ 76%4.8★ (217)
Modern Woods Retreat
House · 3 bd · 2 ba · sleeps 6 · 2.0 mi
Revenue $43,933ADR $249Occ ≈ 48%5★ (18)
Delightful Modern Home, Fireplace, Designers Touch
House · 3 bd · 2 ba · sleeps 6 · 2.0 mi
Revenue $39,606ADR $206Occ ≈ 53%4.9★ (94)
Cozy Modern Home with Views | Quiet & Central
House · 3 bd · 2 ba · sleeps 5 · 2.0 mi
Revenue $11,945ADR $206Occ ≈ 16%5★ (1)
Parkside 3BR Retreat • 2 Kings Beds • Near Bethel
House · 3 bd · 2 ba · sleeps 6 · 2.0 mi
Revenue $28,338ADR $194Occ ≈ 40%4.8★ (6)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Perfect Redding Retreat w/Hot tub, Pool & King bed House | 3 bd · 3 ba · sleeps 8 | $74,065 | $348 | 58% | 4.9★ (120) | 1.4 mi | AirbnbVrbo |
Peaceful Family Hideaway, Private Fenced Yard House | 3 bd · 2.5 ba · sleeps 6 | $81,745 | $258 | 87% | 5★ (124) | 1.6 mi | AirbnbVrbo |
Cozy & Comfortable Furnished 3BR Home - 30+ Day House | 3 bd · 2 ba · sleeps 4 | $9,479 | $85 | 31% | 5★ (1) | 1.6 mi | Airbnb |
Emerald House. Designer remodel. King bed. Central House | 3 bd · 2 ba · sleeps 6 | $48,045 | $221 | 60% | 4.8★ (394) | 1.7 mi | AirbnbVrbo |
|The Ritz 66| Posh + Pool + Views! House | 3 bd · 2.5 ba · sleeps 12 | $769 | $384 | 1% | — | 1.8 mi | Airbnb |
House of Favor, King Bed + 4Twins,Close to Bethel House | 3 bd · 2 ba · sleeps 6 | $10,693 | $183 | 16% | 4.7★ (376) | 1.8 mi | AirbnbVrboBooking |
Charming Escape at Park Place - Cozy & Central House | 3 bd · 2 ba · sleeps 8 | $49,296 | $221 | 61% | 4.8★ (38) | 1.8 mi | Airbnb |
Kingsview Luxury above the city 1 King 2 Queens House | 3 bd · 2 ba · sleeps 6 | $105,338 | $417 | 69% | 4.9★ (81) | 1.8 mi | AirbnbVrbo |
Convenient 3-Bdrm Townhome 30Day Apartment | 3 bd · 2.5 ba · sleeps 4 | $15,592 | $63 | 68% | — | 1.8 mi | Airbnb |
Cozy 3-Bedroom Townhome - 30 Day Apartment | 3 bd · 2.5 ba · sleeps 4 | $28,150 | $94 | 82% | — | 1.9 mi | Airbnb |
Family Home | Fire Pit + Outdoor TV | Near Bethel House | 3 bd · 2 ba · sleeps 6 | $19,023 | $245 | 21% | 5★ (12) | 1.9 mi | AirbnbVrbo |
The Watercress*walk by the river play in the park! House | 3 bd · 2 ba · sleeps 6 | $45,772 | $164 | 76% | 4.8★ (217) | 1.9 mi | Airbnb |
Peaceful Home on a Hill with Porch View House | 3 bd · 2 ba · sleeps 7 | $17,461 | $142 | 34% | 4.8★ (11) | 1.9 mi | AirbnbVrbo |
Modern Woods Retreat House | 3 bd · 2 ba · sleeps 6 | $43,933 | $249 | 48% | 5★ (18) | 2.0 mi | Airbnb |
Delightful Modern Home, Fireplace, Designers Touch House | 3 bd · 2 ba · sleeps 6 | $39,606 | $206 | 53% | 4.9★ (94) | 2.0 mi | Airbnb |
Modern Woods Retreat | Treehouse, 10 min to Bethel House | 3 bd · 2 ba · sleeps 6 | $16,290 | $256 | 17% | 5★ (11) | 2.0 mi | AirbnbVrboBooking |
Cozy Modern Home with Views | Quiet & Central House | 3 bd · 2 ba · sleeps 5 | $11,945 | $206 | 16% | 5★ (1) | 2.0 mi | Airbnb |
*New* Overflow 96 | Pool - Hot tub - Central! House | 3 bd · 2 ba · sleeps 10 | $64,600 | $299 | 59% | 5★ (39) | 2.0 mi | AirbnbVrbo |
Parkside 3BR Retreat • 2 Kings Beds • Near Bethel House | 3 bd · 2 ba · sleeps 6 | $28,338 | $194 | 40% | 4.8★ (6) | 2.0 mi | Airbnb |
The Hope House House | 3 bd · 1 ba · sleeps 2 | $4,983 | $56 | 24% | — | 2.1 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
$44,381
NOI
$22,447
Cash flow /mo
$173
Cash needed
$110,850
Cash-on-cash
1.9%
ROE (yr 1)
12.3%
Cap rate
7.1%
DSCR
1.10
Year-1 write-off
$87,830
Year-1 tax shield @ 32%
$28,106
Year-1 return on equity
- Cash flow (annual)$2,077
- Principal paydown$2,061
- Appreciation at%$9,450
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,876
- Platform fees (3% of revenue)$1,331
- Maintenance / capex (5% of revenue)$2,219
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,938
- Insurance (STR-rated)$1,843
Cash needed to close
- Down payment (25%)$78,750
- Closing costs (4.0%)$12,600
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,106
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
$210,000
Short-life (5/15-yr)
$68,000 · 32%
Year-1 deduction
$88,000
Year-1 tax shield @ 32%
$28,000
Land 33% (county tax record, assessed value split) · building $142,000 over 39 years · new furniture $20,000
Based on: 912 sq ft, built 1983, 3 bd / 2 ba, unfurnished, listing features (flooring types).
IRS-guide safe-harbor floor: $67,000 in year 1 (23% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,700
Kitchen cabinetsdefault
$7,800 new × 40% good × 2.79 allocation
- $7,100
Kitchen countertopsdefault
$6,400 new × 40% good × 2.79 allocation
- $1,800
Decorative trimdefault
$1,600 new × 40% good × 2.79 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.79 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.79 allocation
- $2,500
Window coverings (9)default
$2,300 new × 40% good × 2.79 allocation
- $6,500
Carpet, vinyl & laminate (100% of floors)listing
$5,900 new × 40% good × 2.79 allocation
- $6,800
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 2.79 allocation
- $4,100
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 2.79 allocation
- $9,000
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.79 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,700
Paving: driveway & walks (paved)default
$6,300 new × 50% good × 2.79 allocation
- $8,400
Landscaping (typical)default
$6,000 new × 50% good × 2.79 allocation
- $1,300
Patiosdefault
$900 new × 50% good × 2.79 allocation
- $1,300
Decks & porches (attached)default
$900 new × 50% good × 2.79 allocation
- $109,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$98,100 new × 40% good × 2.79 allocation
- $11,400
Building plumbing & fixturesdefault
$10,200 new × 40% good × 2.79 allocation
- $9,900
Building electrical & lightingdefault
$8,800 new × 40% good × 2.79 allocation
- $11,500
HVACdefault
$10,300 new × 40% good × 2.79 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,700 | $19,600 | $500 | $87,800 |
| 2 | $0 | $0 | $3,600 | $3,600 |
| 3 | $0 | $0 | $3,600 | $3,600 |
| 4 | $0 | $0 | $3,600 | $3,600 |
| 5 | $0 | $0 | $3,600 | $3,600 |
| 6+ | $0 | $0 | $127,100 | $127,100 |
| Total | $67,700 | $19,600 | $142,200 | $229,600 |
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.