4360 Cynthia Way
Redding, CA 96002
$459,900
3 bd · 2 ba · 1,609 sqft · Listed 1d ago
View on Realtor.com →Year built
2004
Sqft
1,609
Lot sqft
27,443
HOA / mo
$0
Furnished
No
List date
2026-09-28T16:23:29.000000Z
Revenue
Annual revenue
$45,942
ADR
$219
Occupancy
57%
Cleaning fees (12 mo)
$7,367
Confidence
High (82.57), 7 comps
Comp revenue range (p25 / median / p75)
Jardin Pasatiempo with Gourmet Kitchen & EV Charger
House · 2 bd · 2.5 ba · sleeps 6 · 0.6 mi
Revenue $51,753ADR $253Occ ≈ 56%5★ (299)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Newly Remodeled Charming home! House | 3 bd · 1 ba · sleeps 5 | $33,104 | $186 | 49% | 4.8★ (30) | 0.2 mi | AirbnbVrbo |
Large 4 bedroom w/ play space, office, 3 king beds House | 4 bd · 3 ba · sleeps 10 | $43,431 | $243 | 49% | 5★ (39) | 0.2 mi | AirbnbVrbo |
The Zen Den | Hidden Gem House | 2 bd · 1 ba · sleeps 4 | $45,999 | $188 | 67% | 4.9★ (55) | 0.3 mi | AirbnbVrbo |
Rivercrest Branch House House | 4 bd · 2.5 ba · sleeps 8 | $57,344 | $364 | 43% | 4.7★ (6) | 0.5 mi | AirbnbVrbo |
Foosball+King Bed Costco Closeby Huge Master Suite House | 4 bd · 2.5 ba · sleeps 10 | $39,788 | $269 | 41% | 4.2★ (17) | 0.5 mi | AirbnbVrbo |
The Rivercrest Branch House | Spacious + Bright House | 4 bd · 2.5 ba · sleeps 9 | $48,988 | $390 | 34% | 4.6★ (13) | 0.5 mi | AirbnbBooking |
Jardin Pasatiempo with Gourmet Kitchen & EV Charger House | 2 bd · 2.5 ba · sleeps 6 | $51,753 | $253 | 56% | 5★ (299) | 0.6 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
$45,942
NOI
$21,129
Cash flow /mo
-$717
Cash needed
$152,871
Cash-on-cash
-5.6%
ROE (yr 1)
5.4%
Cap rate
4.6%
DSCR
0.71
Year-1 write-off
$96,473
Year-1 tax shield @ 32%
$30,871
Year-1 return on equity
- Cash flow (annual)-$8,610
- Principal paydown$3,010
- Appreciation at%$13,797
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$9,188
- Platform fees (3% of revenue)$1,378
- Maintenance / capex (5% of revenue)$2,297
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,749
- Insurance (STR-rated)$2,690
Cash needed to close
- Down payment (25%)$114,975
- Closing costs (4.0%)$18,396
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$30,871
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
$371,000
Short-life (5/15-yr)
$76,000 · 20%
Year-1 deduction
$96,000
Year-1 tax shield @ 32%
$31,000
Land 19% (county tax record, assessed value split) · building $295,000 over 39 years · new furniture $20,000
Based on: 1,609 sq ft, built 2004, 3 bd / 2 ba, unfurnished, listing features (covered patio, flooring types, septic).
IRS-guide safe-harbor floor: $78,000 in year 1 (15% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,600
Kitchen cabinetsdefault
$9,300 new × 40% good × 2.03 allocation
- $6,200
Kitchen countertopsdefault
$7,600 new × 40% good × 2.03 allocation
- $2,300
Decorative trimdefault
$2,800 new × 40% good × 2.03 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 2.03 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.03 allocation
- $3,200
Window coverings (16)default
$4,000 new × 40% good × 2.03 allocation
- $4,200
Carpet, vinyl & laminate (50% of floors)listing
$5,200 new × 40% good × 2.03 allocation
- $8,200
Kitchen & laundry equipment plumbingdefault
$7,300 new × 56% good × 2.03 allocation
- $5,000
Kitchen, laundry & data equipment electricaldefault
$4,400 new × 56% good × 2.03 allocation
- $6,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.03 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,400
Paving: driveway & walks (paved)default
$8,300 new × 50% good × 2.03 allocation
- $8,100
Landscaping (typical)default
$8,000 new × 50% good × 2.03 allocation
- $13,400
Covered patiolisting
$13,300 new × 50% good × 2.03 allocation
- $1,600
Decks & porches (attached)default
$1,600 new × 50% good × 2.03 allocation
- $223,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$174,300 new × 63% good × 2.03 allocation
- $20,500
Building plumbing & fixturesdefault
$18,100 new × 56% good × 2.03 allocation
- $20,000
Building electrical & lightingdefault
$17,700 new × 56% good × 2.03 allocation
- $14,700
HVACdefault
$18,100 new × 40% good × 2.03 allocation
- $4,200
Hardwood & tile floorsdefault
$5,200 new × 40% good × 2.03 allocation
- $12,200
Septic systemlisting
$12,000 new × 50% good × 2.03 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $63,900 | $31,600 | $900 | $96,500 |
| 2 | $0 | $0 | $7,600 | $7,600 |
| 3 | $0 | $0 | $7,600 | $7,600 |
| 4 | $0 | $0 | $7,600 | $7,600 |
| 5 | $0 | $0 | $7,600 | $7,600 |
| 6+ | $0 | $0 | $264,000 | $264,000 |
| Total | $63,900 | $31,600 | $295,200 | $390,700 |
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.