2899 Lanning Ave
Redding, CA 96001
$329,000
2 bd · 2 ba · 894 sqft · Listed 18d ago
View on Realtor.com →Year built
2007
Sqft
894
Lot sqft
5,227
HOA / mo
$0
Furnished
No
List date
2026-09-11T15:03:30.000000Z
Revenue
Annual revenue
$19,915
ADR
$73
Occupancy
75%
Cleaning fees (12 mo)
$306
Confidence
Low (32.29), 8 comps
Comp revenue range (p25 / median / p75)
Redding Travel Nurse Retreat–few min to Hospitals
House · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $7,185ADR $90Occ ≈ 22%4.8★ (79)
Peaceful 2BR by the Canal
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $17,982ADR $124Occ ≈ 40%4.8★ (57)
Charming Downtown Home with Outdoor Oasis
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $22,909ADR $82Occ ≈ 77%5★ (8)
peaceful retreat near the river
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $24,563ADR $88Occ ≈ 76%4.8★ (4)
Central to everything Redding! Clean rooms.
House · 2 bd · 1 ba · sleeps 6 · 0.4 mi
Revenue $3,696ADR $46Occ ≈ 22%5★ (3)
2 bed/1.5 bath townhouse apartment, by hospital
Apartment · 2 bd · 1.5 ba · sleeps 4 · 0.4 mi
Revenue $24,020ADR $76Occ ≈ 87%5★ (3)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding Travel Nurse Retreat–few min to Hospitals House | 2 bd · 1 ba · sleeps 4 | $7,185 | $90 | 22% | 4.8★ (79) | 0.2 mi | Airbnb |
Peaceful 2BR by the Canal House | 2 bd · 1 ba · sleeps 4 | $17,982 | $124 | 40% | 4.8★ (57) | 0.3 mi | Airbnb |
Charming Downtown Home with Outdoor Oasis House | 2 bd · 1 ba · sleeps 4 | $22,909 | $82 | 77% | 5★ (8) | 0.3 mi | Airbnb |
Charming 2 Bed, 1 Bath Single Family Home House | 2 bd · 1 ba · sleeps 3 | $29,274 | $194 | 41% | 4.5★ (2) | 0.3 mi | AirbnbVrbo |
peaceful retreat near the river House | 2 bd · 1 ba · sleeps 4 | $24,563 | $88 | 76% | 4.8★ (4) | 0.3 mi | Airbnb |
Central to everything Redding! Clean rooms. House | 2 bd · 1 ba · sleeps 6 | $3,696 | $46 | 22% | 5★ (3) | 0.4 mi | Airbnb |
2 bed/1.5 bath townhouse apartment, by hospital Apartment | 2 bd · 1.5 ba · sleeps 4 | $24,020 | $76 | 87% | 5★ (3) | 0.4 mi | Airbnb |
Central to all Redding! House | 2 bd · 1 ba · sleeps 4 | $168 | $84 | 1% | — | 0.4 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
$19,915
NOI
$4,595
Cash flow /mo
-$1,390
Cash needed
$111,410
Cash-on-cash
-15.0%
ROE (yr 1)
-4.2%
Cap rate
1.4%
DSCR
0.22
Year-1 write-off
$83,294
Year-1 tax shield @ 32%
$26,654
Year-1 return on equity
- Cash flow (annual)-$16,679
- Principal paydown$2,153
- Appreciation at%$9,870
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$3,983
- Platform fees (3% of revenue)$597
- Maintenance / capex (5% of revenue)$996
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,113
- Insurance (STR-rated)$1,925
Cash needed to close
- Down payment (25%)$82,250
- Closing costs (4.0%)$13,160
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$26,654
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
$274,000
Short-life (5/15-yr)
$67,000 · 24%
Year-1 deduction
$83,000
Year-1 tax shield @ 32%
$27,000
Land 17% (county tax record, assessed value split) · building $208,000 over 39 years · new furniture $16,000
Based on: 894 sq ft, built 2007, 2 bd / 2 ba, unfurnished, listing features (flooring types).
IRS-guide safe-harbor floor: $65,000 in year 1 (18% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,900
Kitchen cabinetsdefault
$7,800 new × 40% good × 2.55 allocation
- $6,500
Kitchen countertopsdefault
$6,300 new × 40% good × 2.55 allocation
- $1,600
Decorative trimdefault
$1,600 new × 40% good × 2.55 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.55 allocation
- $900
Shelvingdefault
$900 new × 40% good × 2.55 allocation
- $2,300
Window coverings (9)default
$2,300 new × 40% good × 2.55 allocation
- $5,900
Carpet, vinyl & laminate (100% of floors)listing
$5,800 new × 40% good × 2.55 allocation
- $9,500
Kitchen & laundry equipment plumbingdefault
$6,000 new × 62% good × 2.55 allocation
- $5,800
Kitchen, laundry & data equipment electricaldefault
$3,600 new × 62% good × 2.55 allocation
- $8,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.55 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $7,900
Paving: driveway & walks (paved)default
$6,200 new × 50% good × 2.55 allocation
- $7,600
Landscaping (typical)default
$6,000 new × 50% good × 2.55 allocation
- $1,100
Patiosdefault
$900 new × 50% good × 2.55 allocation
- $1,100
Decks & porches (attached)default
$900 new × 50% good × 2.55 allocation
- $167,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$96,500 new × 68% good × 2.55 allocation
- $15,800
Building plumbing & fixturesdefault
$10,000 new × 62% good × 2.55 allocation
- $13,600
Building electrical & lightingdefault
$8,600 new × 62% good × 2.55 allocation
- $10,300
HVACdefault
$10,100 new × 40% good × 2.55 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $64,900 | $17,700 | $700 | $83,300 |
| 2 | $0 | $0 | $5,300 | $5,300 |
| 3 | $0 | $0 | $5,300 | $5,300 |
| 4 | $0 | $0 | $5,300 | $5,300 |
| 5 | $0 | $0 | $5,300 | $5,300 |
| 6+ | $0 | $0 | $185,600 | $185,600 |
| Total | $64,900 | $17,700 | $207,500 | $290,200 |
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.