17856 Lake Dr
Lakehead, CA 96051
$485,000
3 bd · 3 ba · 1,392 sqft · Listed 18d ago
View on Realtor.com →Year built
1987
Sqft
1,392
Lot sqft
7,405
HOA / mo
$0
Furnished
No
List date
2026-09-11T07:02:30.000000Z
Revenue
Annual revenue
$62,246
ADR
$467
Occupancy
37%
Cleaning fees (12 mo)
$8,974
Confidence
Med (64.15), 15 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Lakeview, Pool Table, Near Marina, Sleeps 10 House | 3 bd · 3 ba · sleeps 10 | $57,864 | $595 | 27% | 5★ (19) | 184 ft | AirbnbVrbo |
 Lakefront Home. 2900 sq/ft with a 1000sq/ft deck House | 3 bd · 3 ba · sleeps 8 | $35,129 | $514 | 19% | 4.9★ (113) | 351 ft | AirbnbVrboBooking |
 Luxury at the Lake - Large Lakeview - Game Room House | 3 bd · 3 ba · sleeps 15 | $66,780 | $460 | 40% | 5★ (42) | 0.1 mi | AirbnbVrbo |
 Special $ Now - Awesome Lake Views - Single Floor House | 3 bd · 2 ba · sleeps 10 | $48,456 | $448 | 30% | 5★ (43) | 0.2 mi | AirbnbVrbo |
 The Zen Haven: Lake Views, Serenity, Near Marina House | 3 bd · 3 ba · sleeps 12 | $42,116 | $586 | 20% | 5★ (15) | 0.2 mi | AirbnbVrbo |
 Breathtaking Lakefront Havin, Kayaks, Paddle Brds House | 3 bd · 3.5 ba · sleeps 14 | $106,089 | $607 | 48% | 5★ (22) | 0.3 mi | AirbnbVrbo |
 Awesome Family Lake House, Big Deck, Game Room House | 3 bd · 3 ba · sleeps 12 | $68,303 | $403 | 46% | 5★ (109) | 0.3 mi | AirbnbVrbo |
 Lakeview, Pool Table, Marina Short Walk, Sleeps 16 House | 3 bd · 2 ba · sleeps 15 | $59,974 | $588 | 28% | 5★ (21) | 0.3 mi | AirbnbVrbo |
 Breathtaking Lakeview - Clean, Cozy, Deck, Kayaks House | 3 bd · 2 ba · sleeps 8 | $52,621 | $524 | 28% | 5★ (24) | 0.3 mi | AirbnbVrbo |
 Lakefront - "Best house at Shasta Lake!" - Kayaks House | 3 bd · 2 ba · sleeps 10 | $88,746 | $503 | 48% | 5★ (197) | 0.3 mi | AirbnbVrbo |
Show all 15 comps
Rustic Chic Flamingo Cabin #19
Bungalow · 3 bd · 2 ba · sleeps 8 · 0.5 mi
Revenue $38,226ADR $379Occ ≈ 28%5★ (14)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Stunning lake views yet 2 minutes to the water. House | 3 bd · 3 ba · sleeps 8 | $47,694 | $595 | 22% | 5★ (47) | 0.3 mi | AirbnbVrbo |
Your Holiday Zen Paradise with Stunning Lakeviews Villa | 3 bd · 2.5 ba · sleeps 10 | $83,609 | $677 | 34% | 4.8★ (71) | 0.3 mi | AirbnbVrbo |
Top Lakefront Oasis - Kayaks, Paddle Boards House | 3 bd · 2 ba · sleeps 14 | $110,304 | $572 | 53% | 4.8★ (113) | 0.4 mi | AirbnbVrbo |
Shasta Lake View House + Game Room, BBQ & Deck House | 3 bd · 3.5 ba · sleeps 12 | $71,662 | $564 | 35% | 4.7★ (154) | 0.4 mi | AirbnbVrbo |
Rustic Chic Flamingo Cabin #19 Bungalow | 3 bd · 2 ba · sleeps 8 | $38,226 | $379 | 28% | 5★ (14) | 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
$62,246
NOI
$32,445
Cash flow /mo
$90
Cash needed
$166,150
Cash-on-cash
0.7%
ROE (yr 1)
11.3%
Cap rate
6.7%
DSCR
1.03
Year-1 write-off
$139,923
Year-1 tax shield @ 32%
$44,775
Year-1 return on equity
- Cash flow (annual)$1,083
- Principal paydown$3,174
- Appreciation at%$14,550
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$12,449
- Platform fees (3% of revenue)$1,867
- Maintenance / capex (5% of revenue)$3,112
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,063
- Insurance (STR-rated)$2,837
Cash needed to close
- Down payment (25%)$121,250
- Closing costs (4.0%)$19,400
- Furnishing (bought new)$25,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$44,775
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
$382,000
Short-life (5/15-yr)
$114,000 · 30%
Year-1 deduction
$140,000
Year-1 tax shield @ 32%
$45,000
Land 21% (county tax record, assessed value split) · building $268,000 over 39 years · new furniture $26,000
Based on: 1,392 sq ft, built 1987, 3 bd / 3 ba, unfurnished, listing features (deck, game room, stone counters, flooring types, septic).
IRS-guide safe-harbor floor: $88,000 in year 1 (16% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,100
Kitchen cabinetsdefault
$8,900 new × 40% good × 3.12 allocation
- $11,300
Kitchen countertops (stone)listing
$9,100 new × 40% good × 3.12 allocation
- $3,000
Decorative trimdefault
$2,400 new × 40% good × 3.12 allocation
- $600
Mirrorsdefault
$500 new × 40% good × 3.12 allocation
- $1,500
Shelvingdefault
$1,200 new × 40% good × 3.12 allocation
- $4,400
Window coverings (14)default
$3,500 new × 40% good × 3.12 allocation
- $7,500
Carpet, vinyl & laminate (67% of floors)listing
$6,000 new × 40% good × 3.12 allocation
- $8,600
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 3.12 allocation
- $5,200
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 3.12 allocation
- $10,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 3.12 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $12,100
Paving: driveway & walks (paved)default
$7,700 new × 50% good × 3.12 allocation
- $11,600
Landscaping (typical)default
$7,400 new × 50% good × 3.12 allocation
- $2,100
Patiosdefault
$1,400 new × 50% good × 3.12 allocation
- $24,500
Decks & porches (attached)listing
$15,700 new × 50% good × 3.12 allocation
- $188,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$150,400 new × 40% good × 3.12 allocation
- $19,500
Building plumbing & fixturesdefault
$15,600 new × 40% good × 3.12 allocation
- $18,600
Building electrical & lightingdefault
$14,900 new × 40% good × 3.12 allocation
- $19,600
HVACdefault
$15,700 new × 40% good × 3.12 allocation
- $3,700
Hardwood & tile floorsdefault
$3,000 new × 40% good × 3.12 allocation
- $18,700
Septic systemlisting
$12,000 new × 50% good × 3.12 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $88,700 | $50,300 | $900 | $139,900 |
| 2 | $0 | $0 | $6,900 | $6,900 |
| 3 | $0 | $0 | $6,900 | $6,900 |
| 4 | $0 | $0 | $6,900 | $6,900 |
| 5 | $0 | $0 | $6,900 | $6,900 |
| 6+ | $0 | $0 | $239,900 | $239,900 |
| Total | $88,700 | $50,300 | $268,200 | $407,300 |
The building's share of the price ($382,000) is 3.1x our depreciated replacement cost of the home ($122,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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.