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2460 N Bonnyview Rd

2460 N Bonnyview Rd

Redding, CA 96001

$325,000

3 bd · 2 ba · 1,197 sqft · Listed 24d ago

View on Realtor.com →
Low confidence

Year built

1987

Sqft

1,197

Lot sqft

10,019

HOA / mo

$0

Furnished

No

List date

2026-09-05T01:06:15.000000Z

Revenue

Annual revenue

$36,086

ADR

$171

Occupancy

58%

Cleaning fees (12 mo)

$4,291

Confidence

Low (38.22), 18 comps

Comp revenue range (p25 / median / p75)

$15,054$24,046$38,213

  • Comfortable home near river access trail

    House · 3 bd · 1 ba · sleeps 6 · 0.8 mi

    Revenue $58,315ADR $304Occ ≈ 53%4.8★ (48)

    AirbnbVrboBooking

  • The Pineapple House *Best Reviews* Private Pool!

    House · 3 bd · 2 ba · sleeps 6 · 1.2 mi

    Revenue $48,664ADR $328Occ ≈ 41%5★ (306)

    AirbnbVrbo

  • The Wilshire House-Redding, Ca

    House · 3 bd · 2 ba · sleeps 6 · 1.3 mi

    Revenue $7,131ADR $335Occ ≈ 6%5★ (3)

    Airbnb

  • Harmony Haven

    House · 3 bd · 2 ba · sleeps 6 · 1.4 mi

    Revenue $31,144ADR $172Occ ≈ 50%4.7★ (141)

    AirbnbBooking

  • ~Rest, Recreate and Refresh~

    House · 3 bd · 1 ba · sleeps 6 · 1.5 mi

    Revenue $38,612ADR $164Occ ≈ 65%4.8★ (399)

    AirbnbVrbo

  • At Home in the Forest- Huge Deck-Sleeps 8

    House · 3 bd · 2 ba · sleeps 8 · 1.5 mi

    Revenue $12,013ADR $175Occ ≈ 19%4.8★ (11)

    Airbnb

  • Modern Home | Bright Spacious Full Kitchen Garage

    House · 3 bd · 2 ba · sleeps 6 · 1.6 mi

    Revenue $53,849ADR $181Occ ≈ 82%4.8★ (130)

    AirbnbVrboBooking

  • Peaceful 3BR Near Hospitals, Trails, and Downtown

    House · 3 bd · 2 ba · sleeps 4 · 1.6 mi

    Revenue $8,234ADR $85Occ ≈ 27%—

    Airbnb

  • Hidden Charm- A cozy home with Pool & Game room

    House · 3 bd · 2 ba · sleeps 6 · 1.7 mi

    Revenue $37,014ADR $180Occ ≈ 56%4.8★ (132)

    AirbnbVrbo

  • Newly Remodeled Charming home!

    House · 3 bd · 1 ba · sleeps 5 · 1.7 mi

    Revenue $33,104ADR $186Occ ≈ 49%4.8★ (30)

    AirbnbVrbo

Show all 18 comps

  • * WOW* A Slice of Heaven GetAway 4 beds

    House · 3 bd · 2 ba · sleeps 6 · 1.7 mi

    Revenue $20,884ADR $131Occ ≈ 44%5★ (8)

    AirbnbVrbo

  • Hillside home with large deck in a woodsy area. Sleeps 8

    House · 3 bd · 2 ba · sleeps 8 · 1.7 mi

    Revenue $14,234ADR $229Occ ≈ 17%—

    Vrbo

  • *Wow A Slice of Heaven Get Away

    House · 3 bd · 2 ba · sleeps 6 · 1.7 mi

    Revenue $604ADR $151Occ ≈ 1%—

    Airbnb

  • Modern Comforts at Olney Creek Outpost

    House · 3 bd · 2 ba · sleeps 8 · 1.8 mi

    Revenue $18,100ADR $324Occ ≈ 15%4.9★ (10)

    AirbnbVrbo

  • Riverfront Redding Retreat | Fireplace, AC, WiFi

    House · 3 bd · 2 ba · sleeps 6 · 1.8 mi

    Revenue $27,207ADR $170Occ ≈ 44%5★ (5)

    AirbnbVrboBooking

  • "Newly renovated Westside bungalow"

    Bungalow · 3 bd · 1 ba · sleeps 4 · 1.8 mi

    Revenue $39,072ADR $126Occ ≈ 85%5★ (167)

    Airbnb

  • Newly Renovated Modern Home

    House · 3 bd · 1 ba · sleeps 6 · 1.9 mi

    Revenue $19,097ADR $83Occ ≈ 63%—

    Airbnb

  • Secure Garage • Central AC • W/D • No Animals

    House · 3 bd · 2 ba · sleeps 6 · 1.9 mi

    Revenue $17,515ADR $303Occ ≈ 16%4.8★ (45)

    AirbnbVrboBooking

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

$36,086

NOI

$16,306

Cash flow /mo

$1,359

Cash needed

$357,500

Cash-on-cash (all cash)

4.6%

ROE (yr 1)

7.3%

Cap rate

5.0%

DSCR

—

Year-1 write-off

$75,916

Year-1 tax shield @ 32%

$24,293

Year-1 return on equity

  • Cash flow (annual)$16,306
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$9,750
ROE7.3%
ROE incl. year-1 tax savings (32% bracket, STR loophole)14.1%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$7,217
  • Platform fees (3% of revenue)$1,083
  • Maintenance / capex (5% of revenue)$1,804
  • 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%$24,293

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

$190,000

Short-life (5/15-yr)

$56,000 · 29%

Year-1 deduction

$76,000

Year-1 tax shield @ 32%

$24,000

Land 42% (county tax record, assessed value split) · building $134,000 over 39 years · new furniture $20,000

Based on: 1,197 sq ft, built 1987, 3 bd / 2 ba, unfurnished, listing features (stone counters, flooring types).

IRS-guide safe-harbor floor: $58,000 in year 1 (20% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$59,200

  • Kitchen cabinetsdefault

    $8,400 new × 40% good × 1.99 allocation

    $6,700

  • Kitchen countertops (stone)listing

    $8,600 new × 40% good × 1.99 allocation

    $6,800

  • Decorative trimdefault

    $2,100 new × 40% good × 1.99 allocation

    $1,700

  • Mirrorsdefault

    $300 new × 40% good × 1.99 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 1.99 allocation

    $1,000

  • Window coverings (12)default

    $3,000 new × 40% good × 1.99 allocation

    $2,400

  • Carpet, vinyl & laminate (100% of floors)listing

    $7,700 new × 40% good × 1.99 allocation

    $6,100

  • Kitchen & laundry equipment plumbingdefault

    $6,600 new × 40% good × 1.99 allocation

    $5,200

  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 40% good × 1.99 allocation

    $3,100

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

    $8,100 new × 40% good × 1.99 allocation

    $6,400

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$16,300

  • Paving: driveway & walks (paved)default

    $7,200 new × 50% good × 1.99 allocation

    $7,100

  • Landscaping (typical)default

    $6,900 new × 50% good × 1.99 allocation

    $6,800

  • Patiosdefault

    $1,200 new × 50% good × 1.99 allocation

    $1,200

  • Decks & porches (attached)default

    $1,200 new × 50% good × 1.99 allocation

    $1,200
Building, 39-year$133,900

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

    $129,300 new × 40% good × 1.99 allocation

    $102,700

  • Building plumbing & fixturesdefault

    $13,400 new × 40% good × 1.99 allocation

    $10,700

  • Building electrical & lightingdefault

    $12,400 new × 40% good × 1.99 allocation

    $9,900

  • HVACdefault

    $13,500 new × 40% good × 1.99 allocation

    $10,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$59,200$16,300$400$75,900
2$0$0$3,400$3,400
3$0$0$3,400$3,400
4$0$0$3,400$3,400
5$0$0$3,400$3,400
6+$0$0$119,800$119,800
Total$59,200$16,300$133,900$209,400

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.