2080 Comet St
Redding, CA 96002
$255,000
3 bd · 1.5 ba · 940 sqft · Listed 4d ago
View on Realtor.com →Year built
1966
Sqft
940
Lot sqft
6,098
HOA / mo
$0
Furnished
No
List date
2026-09-25T03:05:40.000000Z
Revenue
Annual revenue
$36,911
ADR
$145
Occupancy
70%
Cleaning fees (12 mo)
$5,525
Confidence
Med (59.65), 6 comps
Comp revenue range (p25 / median / p75)
Calm, Cozy & Clean (5 beds + pooltable & foosball)
House · 3 bd · 1.5 ba · sleeps 7 · 449 ft
Revenue $36,486ADR $198Occ ≈ 50%5★ (199)
Cozy home in nice neighborhood next to largest park in Redding ! Pet friendly.
House · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $44,541ADR $406Occ ≈ 30%4.5★ (2)
Sweet Escape. Cozy, central, fireplace & Netflix.
House · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $46,864ADR $162Occ ≈ 79%4.8★ (394)
LUXE Modern getaway retreat
House · 3 bd · 1.5 ba · sleeps 6 · 0.3 mi
Revenue $13,556ADR $154Occ ≈ 24%4.8★ (7)
Modern Stay Near Parks & Shops
Guest house · 2 bd · 1 ba · sleeps 5 · 0.4 mi
Revenue $24,102ADR $165Occ ≈ 40%4.5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Calm, Cozy & Clean (5 beds + pooltable & foosball) House | 3 bd · 1.5 ba · sleeps 7 | $36,486 | $198 | 50% | 5★ (199) | 449 ft | Airbnb |
Cozy home in nice neighborhood next to largest park in Redding ! Pet friendly. House | 2 bd · 2 ba · sleeps 6 | $44,541 | $406 | 30% | 4.5★ (2) | 0.1 mi | Vrbo |
Sweet Escape. Cozy, central, fireplace & Netflix. House | 3 bd · 2 ba · sleeps 8 | $46,864 | $162 | 79% | 4.8★ (394) | 0.2 mi | Airbnb |
LUXE Modern getaway retreat House | 3 bd · 1.5 ba · sleeps 6 | $13,556 | $154 | 24% | 4.8★ (7) | 0.3 mi | Airbnb |
Modern Stay Near Parks & Shops Guest house | 2 bd · 1 ba · sleeps 5 | $24,102 | $165 | 40% | 4.5★ (2) | 0.4 mi | Airbnb |
Timber Haven- Cozy Nest w/Hot Tub & EV Charger House | 3 bd · 2 ba · sleeps 6 | $50,959 | $221 | 63% | 5★ (205) | 0.4 mi | 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
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$36,911
NOI
$18,079
Cash flow /mo
$132
Cash needed
$93,450
Cash-on-cash
1.7%
ROE (yr 1)
11.7%
Cap rate
7.1%
DSCR
1.10
Year-1 write-off
$80,313
Year-1 tax shield @ 32%
$25,700
Year-1 return on equity
- Cash flow (annual)$1,590
- Principal paydown$1,669
- Appreciation at%$7,650
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,382
- Platform fees (3% of revenue)$1,107
- Maintenance / capex (5% of revenue)$1,846
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,188
- Insurance (STR-rated)$1,492
Cash needed to close
- Down payment (25%)$63,750
- Closing costs (4.0%)$10,200
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$25,700
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
$193,000
Short-life (5/15-yr)
$60,000 · 31%
Year-1 deduction
$80,000
Year-1 tax shield @ 32%
$26,000
Land 24% (county tax record, assessed value split) · building $133,000 over 39 years · new furniture $20,000
Based on: 940 sq ft, built 1966, 3 bd / 1.5 ba, unfurnished, listing features (covered patio, fireplace, flooring types).
IRS-guide safe-harbor floor: $63,000 in year 1 (22% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,400
Kitchen cabinetsdefault
$7,900 new × 40% good × 2.36 allocation
- $6,100
Kitchen countertopsdefault
$6,400 new × 40% good × 2.36 allocation
- $1,600
Decorative trimdefault
$1,600 new × 40% good × 2.36 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 2.36 allocation
- $1,100
Shelvingdefault
$1,200 new × 40% good × 2.36 allocation
- $2,100
Window coverings (9)default
$2,300 new × 40% good × 2.36 allocation
- $5,800
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 2.36 allocation
- $3,500
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 2.36 allocation
- $7,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.36 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $7,500
Paving: driveway & walks (paved)default
$6,400 new × 50% good × 2.36 allocation
- $7,200
Landscaping (typical)default
$6,100 new × 50% good × 2.36 allocation
- $9,200
Covered patiolisting
$7,800 new × 50% good × 2.36 allocation
- $1,100
Decks & porches (attached)default
$900 new × 50% good × 2.36 allocation
- $95,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$101,400 new × 40% good × 2.36 allocation
- $9,900
Building plumbing & fixturesdefault
$10,500 new × 40% good × 2.36 allocation
- $8,700
Building electrical & lightingdefault
$9,200 new × 40% good × 2.36 allocation
- $10,000
HVACdefault
$10,600 new × 40% good × 2.36 allocation
- $5,700
Hardwood & tile floorsdefault
$6,000 new × 40% good × 2.36 allocation
- $2,500
Fireplacelisting
$2,600 new × 40% good × 2.36 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $54,900 | $25,000 | $400 | $80,300 |
| 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 | $118,600 | $118,600 |
| Total | $54,900 | $25,000 | $132,600 | $212,500 |
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.