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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

1919 Lake Blvd

1919 Lake Blvd

Redding, CA 96003

$319,900

3 bd · 2 ba · 1,526 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceNegative cash flow

Year built

1962

Sqft

1,526

Lot sqft

21,780

HOA / mo

$0

Furnished

No

List date

2026-10-06T19:03:51.000000Z

Revenue

Annual revenue

$39,908

ADR

$162

Occupancy

67%

Cleaning fees (12 mo)

$6,497

Confidence

Med (52.17), 6 comps

Comp revenue range (p25 / median / p75)

$21,780$34,746$48,363

Median revenue of shown comps: $47,188

  • Lakes and Bethel close by 30 days

    Apartment · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $22,304ADR $151Occ ≈ 40%4.9★ (33)

    AirbnbVrbo

  • Mac's Place | A Modern Woods Retreat w/Treehouse

    House · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $21,605ADR $250Occ ≈ 24%5★ (11)

    AirbnbVrboBooking

  • Modern Woods Retreat

    House · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $48,755ADR $249Occ ≈ 54%5★ (18)

    Delisted

  • Panorama green belt view with hot tub & fireplace

    House · 3 bd · 2 ba · sleeps 6 · 1.8 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $52,531ADR $225Occ ≈ 64%5★ (50)

    AirbnbVrbo

  • 2 Kings~10 min Bethel~5 min downtown

    House · 3 bd · 2 ba · sleeps 8 · 2.1 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $47,188ADR $225Occ ≈ 57%5★ (106)

    AirbnbVrbo

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
Management
Term

Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$39,908

NOI

$19,143

Cash flow /mo

-$170

Cash needed

$112,271

Cash-on-cash

-1.8%

ROE (yr 1)

8.5%

Cap rate

6.0%

DSCR

0.90

Year-1 write-off

$85,773

Year-1 tax shield @ 32%

$27,447

Year-1 return on equity

  • Cash flow (annual)-$2,043
  • Principal paydown$1,992
  • Appreciation at%$9,597
ROE8.5%

Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.

Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$7,982
  • Platform fees (3% of revenue)$1,197
  • Maintenance / capex (5% of revenue)$1,995
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,999
  • Insurance (STR-rated)$1,871

Cash needed to close

  • Down payment (25%)$79,975
  • Closing costs (4.0%)$12,796
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$27,447

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

$275,000

Short-life (5/15-yr)

$66,000 · 24%

Year-1 deduction

$86,000

Year-1 tax shield @ 32%

$27,000

Land 14% (county tax record, assessed value split) · building $209,000 over 39 years · new furniture $20,000

Based on: 1,526 sq ft, built 1962, 3 bd / 2 ba, unfurnished, listing features (flooring types, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $66,000 in year 1 (17% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$64,500

  • Kitchen cabinetsdefault

    $9,100 new × 40% good × 2.22 allocation

    $8,100

  • Kitchen countertopsdefault

    $7,500 new × 40% good × 2.22 allocation

    $6,700

  • Decorative trimdefault

    $2,700 new × 40% good × 2.22 allocation

    $2,400

  • Mirrorsdefault

    $300 new × 40% good × 2.22 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.22 allocation

    $1,100

  • Window coverings (15)default

    $3,800 new × 40% good × 2.22 allocation

    $3,300

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

    $6,500 new × 40% good × 2.22 allocation

    $5,800

  • Kitchen & laundry equipment plumbingdefault

    $7,100 new × 40% good × 2.22 allocation

    $6,300

  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 40% good × 2.22 allocation

    $3,800

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

    $8,100 new × 40% good × 2.22 allocation

    $7,200

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$21,000

  • Paving: driveway & walks (paved)default

    $8,100 new × 50% good × 2.22 allocation

    $9,000

  • Landscaping (typical)default

    $7,800 new × 50% good × 2.22 allocation

    $8,700

  • Patiosdefault

    $1,500 new × 50% good × 2.22 allocation

    $1,700

  • Decks & porches (attached)default

    $1,500 new × 50% good × 2.22 allocation

    $1,700
Building, 39-year$208,600

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

    $165,200 new × 40% good × 2.22 allocation

    $147,000

  • Building plumbing & fixturesdefault

    $17,100 new × 40% good × 2.22 allocation

    $15,300

  • Building electrical & lightingdefault

    $16,600 new × 40% good × 2.22 allocation

    $14,800

  • HVACdefault

    $17,200 new × 40% good × 2.22 allocation

    $15,300

  • Hardwood & tile floorsdefault

    $3,300 new × 40% good × 2.22 allocation

    $2,900

  • Septic systemlisting

    $12,000 new × 50% good × 2.22 allocation

    $13,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$64,500$21,000$200$85,800
2$0$0$5,300$5,300
3$0$0$5,300$5,300
4$0$0$5,300$5,300
5$0$0$5,300$5,300
6+$0$0$187,000$187,000
Total$64,500$21,000$208,600$294,100

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, Georgia and Wisconsin 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.