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17856 Lake Dr

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)

$48,075$59,974$77,636

  • Lakeview, Pool Table, Near Marina, Sleeps 10

    House · 3 bd · 3 ba · sleeps 10 · 184 ft

    Revenue $57,864ADR $595Occ ≈ 27%5★ (19)

    AirbnbVrbo

  • Lakefront Home. 2900 sq/ft with a 1000sq/ft deck

    House · 3 bd · 3 ba · sleeps 8 · 351 ft

    Revenue $35,129ADR $514Occ ≈ 19%4.9★ (113)

    AirbnbVrboBooking

  • Luxury at the Lake - Large Lakeview - Game Room

    House · 3 bd · 3 ba · sleeps 15 · 0.1 mi

    Revenue $66,780ADR $460Occ ≈ 40%5★ (42)

    AirbnbVrbo

  • Special $ Now - Awesome Lake Views - Single Floor

    House · 3 bd · 2 ba · sleeps 10 · 0.2 mi

    Revenue $48,456ADR $448Occ ≈ 30%5★ (43)

    AirbnbVrbo

  • The Zen Haven: Lake Views, Serenity, Near Marina

    House · 3 bd · 3 ba · sleeps 12 · 0.2 mi

    Revenue $42,116ADR $586Occ ≈ 20%5★ (15)

    AirbnbVrbo

  • Breathtaking Lakefront Havin, Kayaks, Paddle Brds

    House · 3 bd · 3.5 ba · sleeps 14 · 0.3 mi

    Revenue $106,089ADR $607Occ ≈ 48%5★ (22)

    AirbnbVrbo

  • Awesome Family Lake House, Big Deck, Game Room

    House · 3 bd · 3 ba · sleeps 12 · 0.3 mi

    Revenue $68,303ADR $403Occ ≈ 46%5★ (109)

    AirbnbVrbo

  • Lakeview, Pool Table, Marina Short Walk, Sleeps 16

    House · 3 bd · 2 ba · sleeps 15 · 0.3 mi

    Revenue $59,974ADR $588Occ ≈ 28%5★ (21)

    AirbnbVrbo

  • Breathtaking Lakeview - Clean, Cozy, Deck, Kayaks

    House · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $52,621ADR $524Occ ≈ 28%5★ (24)

    AirbnbVrbo

  • Lakefront - "Best house at Shasta Lake!" - Kayaks

    House · 3 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $88,746ADR $503Occ ≈ 48%5★ (197)

    AirbnbVrbo

Show all 15 comps

  • Stunning lake views yet 2 minutes to the water.

    House · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $47,694ADR $595Occ ≈ 22%5★ (47)

    AirbnbVrbo

  • Your Holiday Zen Paradise with Stunning Lakeviews

    Villa · 3 bd · 2.5 ba · sleeps 10 · 0.3 mi

    Revenue $83,609ADR $677Occ ≈ 34%4.8★ (71)

    AirbnbVrbo

  • Top Lakefront Oasis - Kayaks, Paddle Boards

    House · 3 bd · 2 ba · sleeps 14 · 0.4 mi

    Revenue $110,304ADR $572Occ ≈ 53%4.8★ (113)

    AirbnbVrbo

  • Shasta Lake View House + Game Room, BBQ & Deck

    House · 3 bd · 3.5 ba · sleeps 12 · 0.4 mi

    Revenue $71,662ADR $564Occ ≈ 35%4.7★ (154)

    AirbnbVrbo

  • Rustic Chic Flamingo Cabin #19

    Bungalow · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $38,226ADR $379Occ ≈ 28%5★ (14)

    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

Financing

Est. revenue

$62,246

NOI

$32,445

Cash flow /mo

$2,704

Cash needed

$529,900

Cash-on-cash (all cash)

6.1%

ROE (yr 1)

8.9%

Cap rate

6.7%

DSCR

—

Year-1 write-off

$139,923

Year-1 tax shield @ 32%

$44,775

Year-1 return on equity

  • Cash flow (annual)$32,445
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$14,550
ROE8.9%
ROE incl. year-1 tax savings (32% bracket, STR loophole)17.3%
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

  • Purchase price (all cash)$485,000
  • 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.

5-year property$88,700

  • Kitchen cabinetsdefault

    $8,900 new × 40% good × 3.12 allocation

    $11,100

  • Kitchen countertops (stone)listing

    $9,100 new × 40% good × 3.12 allocation

    $11,300

  • Decorative trimdefault

    $2,400 new × 40% good × 3.12 allocation

    $3,000

  • Mirrorsdefault

    $500 new × 40% good × 3.12 allocation

    $600

  • Shelvingdefault

    $1,200 new × 40% good × 3.12 allocation

    $1,500

  • Window coverings (14)default

    $3,500 new × 40% good × 3.12 allocation

    $4,400

  • Carpet, vinyl & laminate (67% of floors)listing

    $6,000 new × 40% good × 3.12 allocation

    $7,500

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 40% good × 3.12 allocation

    $8,600

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 3.12 allocation

    $5,200

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 3.12 allocation

    $10,100

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$50,300

  • Paving: driveway & walks (paved)default

    $7,700 new × 50% good × 3.12 allocation

    $12,100

  • Landscaping (typical)default

    $7,400 new × 50% good × 3.12 allocation

    $11,600

  • Patiosdefault

    $1,400 new × 50% good × 3.12 allocation

    $2,100

  • Decks & porches (attached)listing

    $15,700 new × 50% good × 3.12 allocation

    $24,500
Building, 39-year$268,200

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $150,400 new × 40% good × 3.12 allocation

    $188,000

  • Building plumbing & fixturesdefault

    $15,600 new × 40% good × 3.12 allocation

    $19,500

  • Building electrical & lightingdefault

    $14,900 new × 40% good × 3.12 allocation

    $18,600

  • HVACdefault

    $15,700 new × 40% good × 3.12 allocation

    $19,600

  • Hardwood & tile floorsdefault

    $3,000 new × 40% good × 3.12 allocation

    $3,700

  • Septic systemlisting

    $12,000 new × 50% good × 3.12 allocation

    $18,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.