344 Elk Dr
Redding, CA 96003
$680,000
5 bd · 3.5 ba · 3,113 sqft · Listed 21d ago
View on Realtor.com →Year built
1980
Sqft
3,113
Lot sqft
13,068
HOA / mo
$0
Furnished
No
List date
2026-09-08T13:29:03.000000Z
Revenue
Annual revenue
$72,712
ADR
$386
Occupancy
52%
Cleaning fees (12 mo)
$12,444
Confidence
Low (—), 3 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Cozy 4bd House with Hot tub and Pool, Quiet Area House | 4 bd · 3 ba · sleeps 9 | $73,706 | $327 | 62% | 4.9★ (102) | 1.2 mi | AirbnbVrbo |
 The Stratford | Pool/Hot Tub + Arcade + Modern House | 4 bd · 3 ba · sleeps 11 | $71,867 | $469 | 42% | 4.8★ (85) | 1.3 mi | AirbnbVrbo |
 The ARK Villa | Mountain Views | Pool Villa | 4 bd · 3 ba · sleeps 11 | $72,443 | $447 | 44% | 4.9★ (103) | 1.4 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
$72,712
NOI
$36,695
Cash flow /mo
-$606
Cash needed
$223,700
Cash-on-cash
-3.3%
ROE (yr 1)
7.9%
Cap rate
5.4%
DSCR
0.83
Year-1 write-off
$131,222
Year-1 tax shield @ 32%
$41,991
Year-1 return on equity
- Cash flow (annual)-$7,277
- Principal paydown$4,450
- Appreciation at%$20,400
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$14,542
- Platform fees (3% of revenue)$2,181
- Maintenance / capex (5% of revenue)$3,636
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,500
- Insurance (STR-rated)$3,978
Cash needed to close
- Down payment (25%)$170,000
- Closing costs (4.0%)$27,200
- Furnishing (bought new)$26,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$41,991
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
$535,000
Short-life (5/15-yr)
$103,000 · 19%
Year-1 deduction
$131,000
Year-1 tax shield @ 32%
$42,000
Land 21% (county tax record, assessed value split) · building $432,000 over 39 years · new furniture $27,000
Based on: 3,113 sq ft, built 1980, 5 bd / 3.5 ba, unfurnished, listing features (fireplace).
IRS-guide safe-harbor floor: $99,000 in year 1 (13% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,900
Kitchen cabinetsdefault
$12,600 new × 40% good × 2.35 allocation
- $9,700
Kitchen countertopsdefault
$10,300 new × 40% good × 2.35 allocation
- $5,100
Decorative trimdefault
$5,400 new × 40% good × 2.35 allocation
- $400
Mirrorsdefault
$500 new × 40% good × 2.35 allocation
- $1,700
Shelvingdefault
$1,800 new × 40% good × 2.35 allocation
- $7,300
Window coverings (31)default
$7,800 new × 40% good × 2.35 allocation
- $7,500
Carpet, vinyl & laminate (40% of floors)default
$8,000 new × 40% good × 2.35 allocation
- $9,200
Kitchen & laundry equipment plumbingdefault
$9,800 new × 40% good × 2.35 allocation
- $5,600
Kitchen, laundry & data equipment electricaldefault
$5,900 new × 40% good × 2.35 allocation
- $7,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.35 allocation
- $26,500
Furniture bought newlisting
$26,500 new × 100% good · bought separately
- $17,000
Paving: driveway & walks (paved)default
$14,500 new × 50% good × 2.35 allocation
- $13,100
Landscaping (typical)default
$11,100 new × 50% good × 2.35 allocation
- $3,600
Patiosdefault
$3,100 new × 50% good × 2.35 allocation
- $3,600
Decks & porches (attached)default
$3,100 new × 50% good × 2.35 allocation
- $317,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$337,900 new × 40% good × 2.35 allocation
- $33,000
Building plumbing & fixturesdefault
$35,100 new × 40% good × 2.35 allocation
- $34,500
Building electrical & lightingdefault
$36,700 new × 40% good × 2.35 allocation
- $33,000
HVACdefault
$35,100 new × 40% good × 2.35 allocation
- $11,300
Hardwood & tile floorsdefault
$12,000 new × 40% good × 2.35 allocation
- $2,500
Fireplacelisting
$2,600 new × 40% good × 2.35 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $92,600 | $37,300 | $1,400 | $131,200 |
| 2 | $0 | $0 | $11,100 | $11,100 |
| 3 | $0 | $0 | $11,100 | $11,100 |
| 4 | $0 | $0 | $11,100 | $11,100 |
| 5 | $0 | $0 | $11,100 | $11,100 |
| 6+ | $0 | $0 | $386,200 | $386,200 |
| Total | $92,600 | $37,300 | $431,900 | $561,700 |
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.