1688 El Capitan Dr
Redding, CA 96001
$680,000
4 bd · 3 ba · 2,813 sqft · Listed today
View on Realtor.com →Year built
1986
Sqft
2,813
Lot sqft
13,504
HOA / mo
$0
Furnished
No
List date
2026-09-29T01:58:53.000000Z
Revenue
Annual revenue
$62,994
ADR
$249
Occupancy
69%
Cleaning fees (12 mo)
$11,777
Confidence
Low (39.19), 10 comps
Comp revenue range (p25 / median / p75)
Dragonfly Retreat
House · 3 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $3,047ADR $258Occ ≈ 3%4.5★ (2)
House in the Clouds
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $98,906ADR $352Occ ≈ 77%5★ (2)
Mid Century Modern Resort Home w/pool
House · 5 bd · 2 ba · sleeps 14 · 0.7 mi
Revenue $3,298ADR $194Occ ≈ 5%4.9★ (82)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Dragonfly Retreat House | 3 bd · 2 ba · sleeps 6 | $3,047 | $258 | 3% | 4.5★ (2) | 0.2 mi | Airbnb |
House in the Clouds Vacation home | 4 bd · 2 ba · sleeps 8 | $98,906 | $352 | 77% | 5★ (2) | 0.3 mi | Booking |
House In The Clouds - Perfect Summer Getaway House | 4 bd · 2 ba · sleeps 8 | $97,172 | $380 | 70% | 4.8★ (83) | 0.3 mi | AirbnbVrbo |
Bright Redding Getaway House | 3 bd · 2 ba · sleeps 6 | $37,182 | $201 | 51% | 5★ (25) | 0.5 mi | AirbnbVrbo |
{The Cessna Lookout} +Pool +Hot Tub +EV Charger House | 3 bd · 2.5 ba · sleeps 6 | $76,422 | $311 | 67% | 5★ (184) | 0.5 mi | AirbnbVrbo |
Andes Restful Retreat House | 3 bd · 2.5 ba · sleeps 7 | $64,989 | $294 | 61% | 4.8★ (75) | 0.6 mi | AirbnbVrbo |
Summer Retreat | Best Pool by Mary Lake +EV Charge House | 3 bd · 2 ba · sleeps 8 | $89,470 | $299 | 82% | 5★ (111) | 0.6 mi | AirbnbVrboBooking |
The Stratford | Pool/Hot Tub + Arcade + Modern House | 4 bd · 3 ba · sleeps 11 | $71,867 | $469 | 42% | 4.8★ (85) | 0.7 mi | AirbnbVrbo |
Westside Charmer Near Trails House | 3 bd · 2 ba · sleeps 6 | $43,636 | $253 | 47% | 4.8★ (28) | 0.7 mi | AirbnbVrbo |
Mid Century Modern Resort Home w/pool House | 5 bd · 2 ba · sleeps 14 | $3,298 | $194 | 5% | 4.9★ (82) | 0.7 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
$62,994
NOI
$29,698
Cash flow /mo
-$1,189
Cash needed
$220,200
Cash-on-cash
-6.5%
ROE (yr 1)
4.8%
Cap rate
4.4%
DSCR
0.68
Year-1 write-off
$102,218
Year-1 tax shield @ 32%
$32,710
Year-1 return on equity
- Cash flow (annual)-$14,274
- Principal paydown$4,450
- Appreciation at%$20,400
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$12,599
- Platform fees (3% of revenue)$1,890
- Maintenance / capex (5% of revenue)$3,150
- 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)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$32,710
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
$572,000
Short-life (5/15-yr)
$78,000 · 14%
Year-1 deduction
$102,000
Year-1 tax shield @ 32%
$33,000
Land 16% (county tax record, assessed value split) · building $494,000 over 39 years · new furniture $23,000
Based on: 2,813 sq ft, built 1986, 4 bd / 3 ba, unfurnished, listing features (pool, deck, fireplace, stone counters, flooring types).
IRS-guide safe-harbor floor: $66,000 in year 1 (7% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $14,200
Kitchen cabinetsdefault
$12,000 new × 40% good × 2.96 allocation
- $14,500
Kitchen countertops (stone)listing
$12,200 new × 40% good × 2.96 allocation
- $5,800
Decorative trimdefault
$4,900 new × 40% good × 2.96 allocation
- $500
Mirrorsdefault
$500 new × 40% good × 2.96 allocation
- $1,800
Shelvingdefault
$1,500 new × 40% good × 2.96 allocation
- $8,300
Window coverings (28)default
$7,000 new × 40% good × 2.96 allocation
- $5,400
Carpet, vinyl & laminate (25% of floors)listing
$4,500 new × 40% good × 2.96 allocation
- $11,000
Kitchen & laundry equipment plumbingdefault
$9,300 new × 40% good × 2.96 allocation
- $6,700
Kitchen, laundry & data equipment electricaldefault
$5,600 new × 40% good × 2.96 allocation
- $9,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.96 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $361,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$305,400 new × 40% good × 2.96 allocation
- $37,500
Building plumbing & fixturesdefault
$31,700 new × 40% good × 2.96 allocation
- $38,900
Building electrical & lightingdefault
$32,900 new × 40% good × 2.96 allocation
- $37,500
HVACdefault
$31,700 new × 40% good × 2.96 allocation
- $16,100
Hardwood & tile floorsdefault
$13,600 new × 40% good × 2.96 allocation
- $3,100
Fireplacelisting
$2,600 new × 40% good × 2.96 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $100,600 | $0 | $1,600 | $102,200 |
| 2 | $0 | $0 | $12,700 | $12,700 |
| 3 | $0 | $0 | $12,700 | $12,700 |
| 4 | $0 | $0 | $12,700 | $12,700 |
| 5 | $0 | $0 | $12,700 | $12,700 |
| 6+ | $0 | $0 | $442,000 | $442,000 |
| Total | $100,600 | $0 | $494,300 | $594,900 |
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.