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2899 Lanning Ave

2899 Lanning Ave

Redding, CA 96001

$329,000

2 bd · 2 ba · 894 sqft · Listed 18d ago

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Low confidence

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)

$6,313$20,446$24,156

  • 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)

    Airbnb

  • Peaceful 2BR by the Canal

    House · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $17,982ADR $124Occ ≈ 40%4.8★ (57)

    Airbnb

  • Charming Downtown Home with Outdoor Oasis

    House · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $22,909ADR $82Occ ≈ 77%5★ (8)

    Airbnb

  • Charming 2 Bed, 1 Bath Single Family Home

    House · 2 bd · 1 ba · sleeps 3 · 0.3 mi

    Revenue $29,274ADR $194Occ ≈ 41%4.5★ (2)

    AirbnbVrbo

  • peaceful retreat near the river

    House · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $24,563ADR $88Occ ≈ 76%4.8★ (4)

    Airbnb

  • Central to everything Redding! Clean rooms.

    House · 2 bd · 1 ba · sleeps 6 · 0.4 mi

    Revenue $3,696ADR $46Occ ≈ 22%5★ (3)

    Airbnb

  • 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)

    Airbnb

  • Central to all Redding!

    House · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $168ADR $84Occ ≈ 1%—

    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

Financing

Est. revenue

$19,915

NOI

$4,595

Cash flow /mo

$383

Cash needed

$358,160

Cash-on-cash (all cash)

1.3%

ROE (yr 1)

4.0%

Cap rate

1.4%

DSCR

—

Year-1 write-off

$83,294

Year-1 tax shield @ 32%

$26,654

Year-1 return on equity

  • Cash flow (annual)$4,595
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$9,870
ROE4.0%
ROE incl. year-1 tax savings (32% bracket, STR loophole)11.5%
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

  • Purchase price (all cash)$329,000
  • 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.

5-year property$64,900

  • Kitchen cabinetsdefault

    $7,800 new × 40% good × 2.55 allocation

    $7,900

  • Kitchen countertopsdefault

    $6,300 new × 40% good × 2.55 allocation

    $6,500

  • Decorative trimdefault

    $1,600 new × 40% good × 2.55 allocation

    $1,600

  • Mirrorsdefault

    $300 new × 40% good × 2.55 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 2.55 allocation

    $900

  • Window coverings (9)default

    $2,300 new × 40% good × 2.55 allocation

    $2,300

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

    $5,800 new × 40% good × 2.55 allocation

    $5,900

  • Kitchen & laundry equipment plumbingdefault

    $6,000 new × 62% good × 2.55 allocation

    $9,500

  • Kitchen, laundry & data equipment electricaldefault

    $3,600 new × 62% good × 2.55 allocation

    $5,800

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

    $8,100 new × 40% good × 2.55 allocation

    $8,300

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$17,700

  • Paving: driveway & walks (paved)default

    $6,200 new × 50% good × 2.55 allocation

    $7,900

  • Landscaping (typical)default

    $6,000 new × 50% good × 2.55 allocation

    $7,600

  • Patiosdefault

    $900 new × 50% good × 2.55 allocation

    $1,100

  • Decks & porches (attached)default

    $900 new × 50% good × 2.55 allocation

    $1,100
Building, 39-year$207,500

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

    $96,500 new × 68% good × 2.55 allocation

    $167,900

  • Building plumbing & fixturesdefault

    $10,000 new × 62% good × 2.55 allocation

    $15,800

  • Building electrical & lightingdefault

    $8,600 new × 62% good × 2.55 allocation

    $13,600

  • HVACdefault

    $10,100 new × 40% good × 2.55 allocation

    $10,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.