1760 Henry Ave
Redding, CA 96001
$219,900
3 bd · 1 ba · 898 sqft · Listed 11d ago
View on Realtor.com →Year built
1969
Sqft
898
Lot sqft
7,841
HOA / mo
$0
Furnished
No
List date
2026-09-18T07:16:59.000000Z
Revenue
Annual revenue
$33,599
ADR
$105
Occupancy
88%
Cleaning fees (12 mo)
$3,479
Confidence
Low (29.61), 5 comps
Comp revenue range (p25 / median / p75)
"Newly renovated Westside bungalow"
Bungalow · 3 bd · 1 ba · sleeps 4 · 157 ft
Revenue $39,072ADR $126Occ ≈ 85%5★ (167)
Peaceful 3BR Near Hospitals, Trails, and Downtown
House · 3 bd · 2 ba · sleeps 4 · 0.5 mi
Revenue $8,234ADR $85Occ ≈ 27%—
Newly Renovated Modern Home
House · 3 bd · 1 ba · sleeps 6 · 0.6 mi
Revenue $19,097ADR $83Occ ≈ 63%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
"Newly renovated Westside bungalow" Bungalow | 3 bd · 1 ba · sleeps 4 | $39,072 | $126 | 85% | 5★ (167) | 157 ft | Airbnb |
Modern Home | Bright Spacious Full Kitchen Garage House | 3 bd · 2 ba · sleeps 6 | $53,849 | $181 | 82% | 4.8★ (130) | 0.5 mi | AirbnbVrboBooking |
Peaceful 3BR Near Hospitals, Trails, and Downtown House | 3 bd · 2 ba · sleeps 4 | $8,234 | $85 | 27% | — | 0.5 mi | Airbnb |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 0.6 mi | AirbnbVrbo |
Newly Renovated Modern Home House | 3 bd · 1 ba · sleeps 6 | $19,097 | $83 | 63% | — | 0.6 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
$33,599
NOI
$16,286
Cash flow /mo
$172
Cash needed
$83,271
Cash-on-cash
2.5%
ROE (yr 1)
12.1%
Cap rate
7.4%
DSCR
1.15
Year-1 write-off
$76,867
Year-1 tax shield @ 32%
$24,597
Year-1 return on equity
- Cash flow (annual)$2,066
- Principal paydown$1,439
- Appreciation at%$6,597
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,720
- Platform fees (3% of revenue)$1,008
- Maintenance / capex (5% of revenue)$1,680
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,749
- Insurance (STR-rated)$1,286
Cash needed to close
- Down payment (25%)$54,975
- Closing costs (4.0%)$8,796
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$24,597
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
$163,000
Short-life (5/15-yr)
$57,000 · 35%
Year-1 deduction
$77,000
Year-1 tax shield @ 32%
$25,000
Land 26% (county tax record, assessed value split) · building $106,000 over 39 years · new furniture $20,000
Based on: 898 sq ft, built 1969, 3 bd / 1 ba, unfurnished, listing features (fence, flooring types).
IRS-guide safe-harbor floor: $62,000 in year 1 (26% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,500
Kitchen cabinetsdefault
$7,800 new × 40% good × 2.10 allocation
- $5,300
Kitchen countertopsdefault
$6,400 new × 40% good × 2.10 allocation
- $1,300
Decorative trimdefault
$1,600 new × 40% good × 2.10 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 2.10 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.10 allocation
- $1,900
Window coverings (9)default
$2,300 new × 40% good × 2.10 allocation
- $4,900
Carpet, vinyl & laminate (100% of floors)listing
$5,800 new × 40% good × 2.10 allocation
- $5,100
Kitchen & laundry equipment plumbingdefault
$6,000 new × 40% good × 2.10 allocation
- $3,100
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 2.10 allocation
- $6,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.10 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,500
Paving: driveway & walks (paved)default
$6,200 new × 50% good × 2.10 allocation
- $6,300
Landscaping (typical)default
$6,000 new × 50% good × 2.10 allocation
- $900
Patiosdefault
$900 new × 50% good × 2.10 allocation
- $900
Decks & porches (attached)default
$900 new × 50% good × 2.10 allocation
- $6,300
Fencinglisting
$6,000 new × 50% good × 2.10 allocation
- $81,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$96,800 new × 40% good × 2.10 allocation
- $8,400
Building plumbing & fixturesdefault
$10,000 new × 40% good × 2.10 allocation
- $7,300
Building electrical & lightingdefault
$8,700 new × 40% good × 2.10 allocation
- $8,500
HVACdefault
$10,100 new × 40% good × 2.10 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $55,500 | $21,000 | $300 | $76,900 |
| 2 | $0 | $0 | $2,700 | $2,700 |
| 3 | $0 | $0 | $2,700 | $2,700 |
| 4 | $0 | $0 | $2,700 | $2,700 |
| 5 | $0 | $0 | $2,700 | $2,700 |
| 6+ | $0 | $0 | $94,400 | $94,400 |
| Total | $55,500 | $21,000 | $105,600 | $182,100 |
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.