5637 Cascade Dr
Redding, CA 96003
$319,000
3 bd · 2 ba · 1,088 sqft · Listed 25d ago
View on Realtor.com →Year built
1978
Sqft
1,088
Lot sqft
6,970
HOA / mo
$0
Furnished
No
List date
2026-09-04T23:59:38.000000Z
Revenue
Annual revenue
$43,646
ADR
$186
Occupancy
64%
Cleaning fees (12 mo)
$6,934
Confidence
Low (41.76), 6 comps
Comp revenue range (p25 / median / p75)
The Cottage w/ a garden view
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $57,784ADR $192Occ ≈ 82%5★ (1060)
Country Oak OASIS With Pool
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $24,577ADR $136Occ ≈ 50%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Cottage w/ a garden view House | 3 bd · 2 ba · sleeps 6 | $57,784 | $192 | 82% | 5★ (1060) | 0.3 mi | Airbnb |
| Mountain Trio | !VIEWS! Heated Pool & Spacious! House | 3 bd · 2.5 ba · sleeps 8 | $80,444 | $381 | 58% | 5★ (190) | 0.4 mi | AirbnbVrbo |
Chic Modern GEM - Spacious & Bright, Walk 2 Bethel House | 3 bd · 2 ba · sleeps 7 | $41,269 | $205 | 55% | 4.9★ (294) | 0.4 mi | AirbnbVrbo |
Modern - Meets Magnolia Farmhouse | Walk to Bethel House | 3 bd · 2 ba · sleeps 6 | $38,314 | $198 | 53% | 4.8★ (228) | 0.4 mi | AirbnbVrbo |
{Casi⚜️Cielo} Tranquil getaway near Bethel & Shasta House | 3 bd · 2 ba · sleeps 7 | $10,774 | $114 | 26% | 4.7★ (55) | 0.5 mi | AirbnbVrbo |
Country Oak OASIS With Pool House | 3 bd · 2 ba · sleeps 6 | $24,577 | $136 | 50% | — | 0.5 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
$43,646
NOI
$21,850
Cash flow /mo
$102
Cash needed
$112,010
Cash-on-cash
1.1%
ROE (yr 1)
11.5%
Cap rate
6.8%
DSCR
1.06
Year-1 write-off
$106,420
Year-1 tax shield @ 32%
$34,054
Year-1 return on equity
- Cash flow (annual)$1,222
- Principal paydown$2,087
- Appreciation at%$9,570
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,729
- Platform fees (3% of revenue)$1,309
- Maintenance / capex (5% of revenue)$2,182
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,988
- Insurance (STR-rated)$1,866
Cash needed to close
- Down payment (25%)$79,750
- Closing costs (4.0%)$12,760
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$34,054
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
$266,000
Short-life (5/15-yr)
$86,000 · 32%
Year-1 deduction
$106,000
Year-1 tax shield @ 32%
$34,000
Land 17% (county tax record, assessed value split) · building $179,000 over 39 years · new furniture $20,000
Based on: 1,088 sq ft, built 1978, 3 bd / 2 ba, unfurnished, listing features (hot tub, fireplace, flooring types).
IRS-guide safe-harbor floor: $84,000 in year 1 (24% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,400
Kitchen cabinetsdefault
$8,200 new × 40% good × 2.89 allocation
- $7,700
Kitchen countertopsdefault
$6,700 new × 40% good × 2.89 allocation
- $2,200
Decorative trimdefault
$1,900 new × 40% good × 2.89 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.89 allocation
- $1,400
Shelvingdefault
$1,200 new × 40% good × 2.89 allocation
- $3,200
Window coverings (11)default
$2,800 new × 40% good × 2.89 allocation
- $8,100
Carpet, vinyl & laminate (100% of floors)listing
$7,000 new × 40% good × 2.89 allocation
- $7,300
Kitchen & laundry equipment plumbingdefault
$6,400 new × 40% good × 2.89 allocation
- $4,400
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 2.89 allocation
- $9,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.89 allocation
- $10,400
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.89 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,900
Paving: driveway & walks (paved)default
$6,800 new × 50% good × 2.89 allocation
- $9,500
Landscaping (typical)default
$6,600 new × 50% good × 2.89 allocation
- $1,500
Patiosdefault
$1,100 new × 50% good × 2.89 allocation
- $1,500
Decks & porches (attached)default
$1,100 new × 50% good × 2.89 allocation
- $135,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$117,400 new × 40% good × 2.89 allocation
- $14,100
Building plumbing & fixturesdefault
$12,200 new × 40% good × 2.89 allocation
- $12,800
Building electrical & lightingdefault
$11,100 new × 40% good × 2.89 allocation
- $14,100
HVACdefault
$12,300 new × 40% good × 2.89 allocation
- $3,000
Fireplacelisting
$2,600 new × 40% good × 2.89 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $83,400 | $22,500 | $600 | $106,400 |
| 2 | $0 | $0 | $4,600 | $4,600 |
| 3 | $0 | $0 | $4,600 | $4,600 |
| 4 | $0 | $0 | $4,600 | $4,600 |
| 5 | $0 | $0 | $4,600 | $4,600 |
| 6+ | $0 | $0 | $160,500 | $160,500 |
| Total | $83,400 | $22,500 | $179,500 | $285,300 |
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.