4360 Cynthia Way

Redding, CA 96002

$459,900

3 bd · 2 ba · 1,609 sqft · Listed 1d ago

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Low confidence

Year built

2004

Sqft

1,609

Lot sqft

27,443

HOA / mo

Furnished

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)

$41,610$45,999$50,371

Newly Remodeled Charming home!
House · 3 bd · 1 ba · sleeps 5 · 0.2 mi
Revenue $33,104ADR $186Occ ≈ 49%4.8★ (30)
Airbnb Vrbo
Large 4 bedroom w/ play space, office, 3 king beds
House · 4 bd · 3 ba · sleeps 10 · 0.2 mi
Revenue $43,431ADR $243Occ ≈ 49%5★ (39)
Airbnb Vrbo
The Zen Den | Hidden Gem
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $45,999ADR $188Occ ≈ 67%4.9★ (55)
Airbnb Vrbo
Rivercrest Branch House
House · 4 bd · 2.5 ba · sleeps 8 · 0.5 mi
Revenue $57,344ADR $364Occ ≈ 43%4.7★ (6)
Airbnb Vrbo
Foosball+King Bed Costco Closeby Huge Master Suite
House · 4 bd · 2.5 ba · sleeps 10 · 0.5 mi
Revenue $39,788ADR $269Occ ≈ 41%4.2★ (17)
Airbnb Vrbo
The Rivercrest Branch House | Spacious + Bright
House · 4 bd · 2.5 ba · sleeps 9 · 0.5 mi
Revenue $48,988ADR $390Occ ≈ 34%4.6★ (13)
Airbnb Booking
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)
Airbnb

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	Airbnb Vrbo
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	Airbnb Vrbo
The Zen Den \| Hidden Gem House	2 bd · 1 ba · sleeps 4	$45,999	$188	67%	4.9★ (55)	0.3 mi	Airbnb Vrbo
Rivercrest Branch House House	4 bd · 2.5 ba · sleeps 8	$57,344	$364	43%	4.7★ (6)	0.5 mi	Airbnb Vrbo
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	Airbnb Vrbo
The Rivercrest Branch House \| Spacious + Bright House	4 bd · 2.5 ba · sleeps 9	$48,988	$390	34%	4.6★ (13)	0.5 mi	Airbnb Booking
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

Financing

Purchase priceAlready furnishedTax bracket

Est. revenue

$45,942

NOI

$21,129

Cash flow /mo

$1,761

Cash needed

$497,796

Cash-on-cash (all cash)

4.2%

ROE (yr 1)

7.0%

Cap rate

4.6%

DSCR

—

Year-1 write-off

$96,473

Year-1 tax shield @ 32%

$30,871

Year-1 return on equity

Cash flow (annual)$21,129
Principal paydown (n/a, cash)$0
Appreciation at%$13,797

ROE7.0%

ROE incl. year-1 tax savings (32% bracket, STR loophole)13.2%

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

Purchase price (all cash)$459,900
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.

5-year property$63,900

Kitchen cabinetsdefault
$9,300 new × 40% good × 2.03 allocation
$7,600
Kitchen countertopsdefault
$7,600 new × 40% good × 2.03 allocation
$6,200
Decorative trimdefault
$2,800 new × 40% good × 2.03 allocation
$2,300
Mirrorsdefault
$300 new × 40% good × 2.03 allocation
$200
Shelvingdefault
$1,200 new × 40% good × 2.03 allocation
$1,000
Window coverings (16)default
$4,000 new × 40% good × 2.03 allocation
$3,200
Carpet, vinyl & laminate (50% of floors)listing
$5,200 new × 40% good × 2.03 allocation
$4,200
Kitchen & laundry equipment plumbingdefault
$7,300 new × 56% good × 2.03 allocation
$8,200
Kitchen, laundry & data equipment electricaldefault
$4,400 new × 56% good × 2.03 allocation
$5,000
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.03 allocation
$6,600
Furniture bought newlisting
$19,500 new × 100% good · bought separately
$19,500

15-year land improvements$31,600

Paving: driveway & walks (paved)default
$8,300 new × 50% good × 2.03 allocation
$8,400
Landscaping (typical)default
$8,000 new × 50% good × 2.03 allocation
$8,100
Covered patiolisting
$13,300 new × 50% good × 2.03 allocation
$13,400
Decks & porches (attached)default
$1,600 new × 50% good × 2.03 allocation
$1,600

Building, 39-year$295,200

Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$174,300 new × 63% good × 2.03 allocation
$223,600
Building plumbing & fixturesdefault
$18,100 new × 56% good × 2.03 allocation
$20,500
Building electrical & lightingdefault
$17,700 new × 56% good × 2.03 allocation
$20,000
HVACdefault
$18,100 new × 40% good × 2.03 allocation
$14,700
Hardwood & tile floorsdefault
$5,200 new × 40% good × 2.03 allocation
$4,200
Septic systemlisting
$12,000 new × 50% good × 2.03 allocation
$12,200

About the property

Sold furnishedGame roomHot tubPoolDeckDrivewayLandscapingFencedIrrigationLong-term rental (27.5-yr)Carpet / vinyl / laminate %Placed in serviceClosing costs $ (adds to basis)Land %Bonus depreciation %

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.