1780 Sterling Dr
Redding, CA 96003
$439,500
4 bd · 2 ba · 1,753 sqft · Listed 1d ago
View on Realtor.com →Year built
1990
Sqft
1,753
Lot sqft
10,890
HOA / mo
$0
Furnished
No
List date
2026-10-12T15:48:23.000000Z
Revenue
Annual revenue
$39,463
ADR
$150
Occupancy
72%
Cleaning fees (12 mo)
$5,824
Confidence
Low (36.83), 8 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $49,147
The sweetest escape with a pool
House · 4 bd · 2 ba · sleeps 8 · 0.3 mi
- Pool
- A/C
- Free parking
- Wifi
- +2
Revenue $46,779ADR $270Occ ≈ 47%4.8★ (53)
Comfy home + great outside space - 30 day
House · 3 bd · 2.5 ba · sleeps 7 · 0.6 mi
Revenue $8,372ADR $87Occ ≈ 26%—
Delisted
Contractor Friendly 3 Bdrm Townhomes - 30 day
Apartment · 3 bd · 1.5 ba · sleeps 7 · 0.6 mi
Revenue $23,962ADR $88Occ ≈ 75%—
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sundial Bridge Stylish & Modern 4BR Home w Arcade! House
| 4 bd · 2 ba · sleeps 8 | $1,606 | $412 | 1% | 4.4★ (5) | 0.2 mi | AirbnbVrbo |
The sweetest escape with a pool House
| 4 bd · 2 ba · sleeps 8 | $46,779 | $270 | 47% | 4.8★ (53) | 0.3 mi | Airbnb |
Fayette House near Lema Ranch House
| 3 bd · 2 ba · sleeps 8 | $51,804 | $196 | 72% | 5★ (121) | 0.3 mi | AirbnbVrbo |
Fenced Pool | 4BR King Bed Central Family Friendly House
| 4 bd · 2 ba · sleeps 8 | $70,498 | $266 | 73% | 4.8★ (100) | 0.3 mi | AirbnbVrboBooking |
* * *Arroyo Manor* * * House
| 3 bd · 2 ba · sleeps 6 | $51,514 | $205 | 69% | 4.8★ (151) | 0.4 mi | AirbnbVrbo |
* * *Casa Vereda (Trail House)* * * House
| 3 bd · 2 ba · sleeps 6 | $51,777 | $213 | 67% | 4.8★ (149) | 0.4 mi | AirbnbVrbo |
Comfy home + great outside space - 30 day House | 3 bd · 2.5 ba · sleeps 7 | $8,372 | $87 | 26% | — | 0.6 mi | Delisted |
Contractor Friendly 3 Bdrm Townhomes - 30 day Apartment | 3 bd · 1.5 ba · sleeps 7 | $23,962 | $88 | 75% | — | 0.6 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$39,463
NOI
$16,808
Cash flow /mo
-$1,053
Cash needed
$150,455
Cash-on-cash
-8.4%
ROE (yr 1)
2.1%
Cap rate
3.8%
DSCR
0.57
Year-1 write-off
$87,410
Year-1 tax shield @ 32%
$27,971
Year-1 return on equity
- Cash flow (annual)-$12,631
- Principal paydown$2,673
- Appreciation at%$13,185
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)$7,893
- Platform fees (3% of revenue)$1,184
- Maintenance / capex (5% of revenue)$1,973
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,494
- Insurance (STR-rated)$2,571
Cash needed to close
- Down payment (25%)$109,875
- Closing costs (4.0%)$17,580
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$27,971
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
$254,000
Short-life (5/15-yr)
$64,000 · 25%
Year-1 deduction
$87,000
Year-1 tax shield @ 32%
$28,000
Land 42% (county tax record, assessed value split) · building $190,000 over 39 years · new furniture $23,000
Based on: 1,753 sq ft, built 1990, 4 bd / 2 ba, unfurnished, listing features (flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $69,000 in year 1 (18% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,400
Kitchen cabinetsdefault
$9,600 new × 40% good × 1.91 allocation
- $6,000
Kitchen countertopsdefault
$7,900 new × 40% good × 1.91 allocation
- $2,300
Decorative trimdefault
$3,100 new × 40% good × 1.91 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.91 allocation
- $1,100
Shelvingdefault
$1,500 new × 40% good × 1.91 allocation
- $3,400
Window coverings (18)default
$4,500 new × 40% good × 1.91 allocation
- $8,600
Carpet, vinyl & laminate (100% of floors)listing
$11,300 new × 40% good × 1.91 allocation
- $5,700
Kitchen & laundry equipment plumbingdefault
$7,500 new × 40% good × 1.91 allocation
- $3,500
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 40% good × 1.91 allocation
- $6,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.91 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $8,300
Paving: driveway & walks (paved)default
$8,700 new × 50% good × 1.91 allocation
- $8,000
Landscaping (typical)default
$8,400 new × 50% good × 1.91 allocation
- $1,700
Patiosdefault
$1,700 new × 50% good × 1.91 allocation
- $1,700
Decks & porches (attached)default
$1,700 new × 50% good × 1.91 allocation
- $145,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$189,700 new × 40% good × 1.91 allocation
- $15,100
Building plumbing & fixturesdefault
$19,700 new × 40% good × 1.91 allocation
- $14,900
Building electrical & lightingdefault
$19,500 new × 40% good × 1.91 allocation
- $15,100
HVACdefault
$19,700 new × 40% good × 1.91 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,600 | $19,600 | $200 | $87,400 |
| 2 | $0 | $0 | $4,900 | $4,900 |
| 3 | $0 | $0 | $4,900 | $4,900 |
| 4 | $0 | $0 | $4,900 | $4,900 |
| 5 | $0 | $0 | $4,900 | $4,900 |
| 6+ | $0 | $0 | $170,500 | $170,500 |
| Total | $67,600 | $19,600 | $190,200 | $277,500 |
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, 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.