2393 Shining Star Way
Redding, CA 96003
$349,000
3 bd · 2.5 ba · 1,495 sqft · Listed 28d ago
View on Realtor.com →Year built
2008
Sqft
1,495
Lot sqft
6,534
HOA / mo
$129
Furnished
No
List date
2026-09-01T05:35:29.000000Z
Revenue
Annual revenue
$27,273
ADR
$127
Occupancy
59%
Cleaning fees (12 mo)
$4,129
Confidence
Low (15.32), 8 comps
Comp revenue range (p25 / median / p75)
Comfy home + great outside space - 30 day
House · 3 bd · 2.5 ba · sleeps 7 · 266 ft
Revenue $6,219ADR $87Occ ≈ 20%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Comfy home + great outside space - 30 day House | 3 bd · 2.5 ba · sleeps 7 | $6,219 | $87 | 20% | — | 266 ft | Airbnb |
Comfortable 30+ Day Stay – Perfect for Work/Travel House | 3 bd · 2 ba · sleeps 8 | $16,255 | $169 | 26% | 4.8★ (6) | 0.4 mi | AirbnbVrbo |
Fenced Pool | 4BR King Bed Central Family Friendly House | 4 bd · 2 ba · sleeps 8 | $70,038 | $270 | 71% | 4.8★ (97) | 0.4 mi | AirbnbVrboBooking |
4bdr Pet Friendly + 3 Kings + EV + Trailer Parking House | 4 bd · 2 ba · sleeps 8 | $61,856 | $285 | 59% | 5★ (66) | 0.5 mi | AirbnbVrbo |
❤️FULLY LOADED 2🔥 3BR 2 Bath SMARTHOME! 🏠 BY LAKE 🌊 House | 4 bd · 2 ba · sleeps 14 | $3,272 | $300 | 3% | 4.7★ (65) | 0.5 mi | AirbnbVrbo |
Jacob's Well, 2 King BR, 6 Twins, 3 Baths w/ Pool House | 4 bd · 3 ba · sleeps 10 | $49,718 | $370 | 37% | 4.8★ (157) | 0.5 mi | AirbnbVrboBooking |
Charming 3BR SmartHome w WiFi Games Good Location! House | 3 bd · 2 ba · sleeps 8 | $5,922 | $423 | 4% | 4.5★ (2) | 0.5 mi | AirbnbVrbo |
Redding Poolside Retreat | Family & Pet Friendly House | 3 bd · 2 ba · sleeps 6 | $63,449 | $238 | 73% | 4.8★ (157) | 0.7 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
$27,273
NOI
$8,008
Cash flow /mo
-$1,213
Cash needed
$120,710
Cash-on-cash
-12.1%
ROE (yr 1)
-1.5%
Cap rate
2.3%
DSCR
0.35
Year-1 write-off
$83,594
Year-1 tax shield @ 32%
$26,750
Year-1 return on equity
- Cash flow (annual)-$14,560
- Principal paydown$2,284
- Appreciation at%$10,470
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$5,455
- Platform fees (3% of revenue)$818
- Maintenance / capex (5% of revenue)$1,364
- Utilities & supplies$4,200
- HOA$1,548
- Property tax$4,363
- Insurance (STR-rated)$2,042
Cash needed to close
- Down payment (25%)$87,250
- Closing costs (4.0%)$13,960
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$26,750
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
$301,000
Short-life (5/15-yr)
$63,000 · 21%
Year-1 deduction
$84,000
Year-1 tax shield @ 32%
$27,000
Land 14% (county tax record, assessed value split) · building $238,000 over 39 years · new furniture $20,000
Based on: 1,495 sq ft, built 2008, 3 bd / 2.5 ba, unfurnished, listing features (hot tub, covered patio, flooring types).
IRS-guide safe-harbor floor: $69,000 in year 1 (16% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,000
Kitchen cabinetsdefault
$9,100 new × 40% good × 1.64 allocation
- $4,900
Kitchen countertopsdefault
$7,400 new × 40% good × 1.64 allocation
- $1,700
Decorative trimdefault
$2,600 new × 40% good × 1.64 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.64 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.64 allocation
- $2,500
Window coverings (15)default
$3,800 new × 40% good × 1.64 allocation
- $7,400
Kitchen & laundry equipment plumbingdefault
$7,100 new × 64% good × 1.64 allocation
- $4,500
Kitchen, laundry & data equipment electricaldefault
$4,300 new × 64% good × 1.64 allocation
- $5,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.64 allocation
- $5,900
Hot tub (freestanding)listing
$9,000 new × 40% good × 1.64 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,600
Paving: driveway & walks (paved)default
$8,000 new × 50% good × 1.64 allocation
- $6,300
Landscaping (typical)default
$7,700 new × 50% good × 1.64 allocation
- $10,100
Covered patiolisting
$12,300 new × 50% good × 1.64 allocation
- $1,200
Decks & porches (attached)default
$1,500 new × 50% good × 1.64 allocation
- $185,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$161,900 new × 70% good × 1.64 allocation
- $17,600
Building plumbing & fixturesdefault
$16,800 new × 64% good × 1.64 allocation
- $17,000
Building electrical & lightingdefault
$16,200 new × 64% good × 1.64 allocation
- $11,100
HVACdefault
$16,800 new × 40% good × 1.64 allocation
- $6,300
Hardwood & tile floorsdefault
$9,600 new × 40% good × 1.64 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $58,600 | $24,200 | $800 | $83,600 |
| 2 | $0 | $0 | $6,100 | $6,100 |
| 3 | $0 | $0 | $6,100 | $6,100 |
| 4 | $0 | $0 | $6,100 | $6,100 |
| 5 | $0 | $0 | $6,100 | $6,100 |
| 6+ | $0 | $0 | $212,700 | $212,700 |
| Total | $58,600 | $24,200 | $237,900 | $320,700 |
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 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.