3635 Sunglow Dr
Redding, CA 96001
$499,000
3 bd · 2 ba · 1,818 sqft · Listed 18d ago
View on Realtor.com →Year built
2000
Sqft
1,818
Lot sqft
30,056
HOA / mo
$0
Furnished
No
List date
2026-09-11T01:51:01.000000Z
Revenue
Annual revenue
$47,182
ADR
$163
Occupancy
79%
Cleaning fees (12 mo)
$6,847
Confidence
Low (39.21), 16 comps
Comp revenue range (p25 / median / p75)
Hillside home with large deck in a woodsy area. Sleeps 8
House · 3 bd · 2 ba · sleeps 8 · 0.2 mi
Revenue $14,234ADR $229Occ ≈ 17%—
At Home in the Forest- Huge Deck-Sleeps 8
House · 3 bd · 2 ba · sleeps 8 · 0.5 mi
Revenue $12,013ADR $175Occ ≈ 19%4.8★ (11)
"Newly renovated Westside bungalow"
Bungalow · 3 bd · 1 ba · sleeps 4 · 1.8 mi
Revenue $39,072ADR $126Occ ≈ 85%5★ (167)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Hillside home with large deck in a woodsy area. Sleeps 8 House | 3 bd · 2 ba · sleeps 8 | $14,234 | $229 | 17% | — | 0.2 mi | Vrbo |
At Home in the Forest- Huge Deck-Sleeps 8 House | 3 bd · 2 ba · sleeps 8 | $12,013 | $175 | 19% | 4.8★ (11) | 0.5 mi | Airbnb |
Harmony Haven House | 3 bd · 2 ba · sleeps 6 | $31,144 | $172 | 50% | 4.7★ (141) | 0.5 mi | AirbnbBooking |
5 Mi to Sundial Bridge & River! Pet-Friendly Haven House | 3 bd · 2 ba · sleeps 8 | $19,051 | $453 | 12% | 4.5★ (2) | 1.1 mi | AirbnbVrboBooking |
Andes Restful Retreat House | 3 bd · 2.5 ba · sleeps 7 | $64,989 | $294 | 61% | 4.8★ (75) | 1.3 mi | AirbnbVrbo |
Modern Home | Bright Spacious Full Kitchen Garage House | 3 bd · 2 ba · sleeps 6 | $53,849 | $181 | 82% | 4.8★ (130) | 1.4 mi | AirbnbVrboBooking |
Bright Redding Getaway House | 3 bd · 2 ba · sleeps 6 | $37,182 | $201 | 51% | 5★ (25) | 1.4 mi | AirbnbVrbo |
Westside 3 bed + office/ 3 king beds/ trails! House | 3 bd · 3 ba · sleeps 9 | $40,556 | $237 | 47% | 5★ (14) | 1.5 mi | AirbnbVrbo |
The Trailhouse • Covered Deck🏖Views🌄 Foosball⚽️ House | 3 bd · 2 ba · sleeps 6 | $45,992 | $190 | 66% | 4.9★ (130) | 1.6 mi | AirbnbVrbo |
"Newly renovated Westside bungalow" Bungalow | 3 bd · 1 ba · sleeps 4 | $39,072 | $126 | 85% | 5★ (167) | 1.8 mi | Airbnb |
Show all 16 comps
Redding Hillside Oasis with Pool!
House · 3 bd · 2 ba · sleeps 6 · 1.8 mi
Revenue $49,205ADR $203Occ ≈ 66%5★ (86)
Dragonfly Retreat
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $3,047ADR $258Occ ≈ 3%4.5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding Hillside Oasis with Pool! House | 3 bd · 2 ba · sleeps 6 | $49,205 | $203 | 66% | 5★ (86) | 1.8 mi | Airbnb |
Dragonfly Retreat House | 3 bd · 2 ba · sleeps 6 | $3,047 | $258 | 3% | 4.5★ (2) | 1.9 mi | Airbnb |
Summer Retreat | Best Pool by Mary Lake +EV Charge House | 3 bd · 2 ba · sleeps 8 | $89,470 | $299 | 82% | 5★ (111) | 1.9 mi | AirbnbVrboBooking |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 1.9 mi | AirbnbVrbo |
{The Cessna Lookout} +Pool +Hot Tub +EV Charger House | 3 bd · 2.5 ba · sleeps 6 | $76,422 | $311 | 67% | 5★ (184) | 2.0 mi | AirbnbVrbo |
The Olive Get-Away | Pool💦 Game Room🏓 & BBQ♨️ House | 3 bd · 2 ba · sleeps 8 | $64,835 | $298 | 60% | 4.9★ (175) | 2.1 mi | 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
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$47,182
NOI
$21,363
Cash flow /mo
-$909
Cash needed
$164,210
Cash-on-cash
-6.6%
ROE (yr 1)
4.5%
Cap rate
4.3%
DSCR
0.66
Year-1 write-off
$104,395
Year-1 tax shield @ 32%
$33,406
Year-1 return on equity
- Cash flow (annual)-$10,904
- Principal paydown$3,265
- Appreciation at%$14,970
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$9,436
- Platform fees (3% of revenue)$1,415
- Maintenance / capex (5% of revenue)$2,359
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,238
- Insurance (STR-rated)$2,919
Cash needed to close
- Down payment (25%)$124,750
- Closing costs (4.0%)$19,960
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$33,406
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
$378,000
Short-life (5/15-yr)
$84,000 · 22%
Year-1 deduction
$104,000
Year-1 tax shield @ 32%
$33,000
Land 24% (county tax record, assessed value split) · building $294,000 over 39 years · new furniture $20,000
Based on: 1,818 sq ft, built 2000, 3 bd / 2 ba, unfurnished, listing features (covered patio).
IRS-guide safe-harbor floor: $84,000 in year 1 (17% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,100
Kitchen cabinetsdefault
$9,800 new × 40% good × 2.07 allocation
- $6,600
Kitchen countertopsdefault
$8,000 new × 40% good × 2.07 allocation
- $2,600
Decorative trimdefault
$3,200 new × 40% good × 2.07 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 2.07 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.07 allocation
- $3,700
Window coverings (18)default
$4,500 new × 40% good × 2.07 allocation
- $3,900
Carpet, vinyl & laminate (40% of floors)default
$4,700 new × 40% good × 2.07 allocation
- $7,600
Kitchen & laundry equipment plumbingdefault
$7,600 new × 48% good × 2.07 allocation
- $4,600
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 48% good × 2.07 allocation
- $6,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.07 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,100
Paving: driveway & walks (paved)default
$8,800 new × 50% good × 2.07 allocation
- $8,800
Landscaping (typical)default
$8,500 new × 50% good × 2.07 allocation
- $15,500
Covered patiolisting
$15,000 new × 50% good × 2.07 allocation
- $3,600
Irrigationlisting
$3,500 new × 50% good × 2.07 allocation
- $1,900
Decks & porches (attached)default
$1,800 new × 50% good × 2.07 allocation
- $231,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$197,100 new × 57% good × 2.07 allocation
- $20,300
Building plumbing & fixturesdefault
$20,400 new × 48% good × 2.07 allocation
- $20,200
Building electrical & lightingdefault
$20,300 new × 48% good × 2.07 allocation
- $16,900
HVACdefault
$20,500 new × 40% good × 2.07 allocation
- $5,800
Hardwood & tile floorsdefault
$7,000 new × 40% good × 2.07 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $64,500 | $38,900 | $900 | $104,400 |
| 2 | $0 | $0 | $7,500 | $7,500 |
| 3 | $0 | $0 | $7,500 | $7,500 |
| 4 | $0 | $0 | $7,500 | $7,500 |
| 5 | $0 | $0 | $7,500 | $7,500 |
| 6+ | $0 | $0 | $263,200 | $263,200 |
| Total | $64,500 | $38,900 | $294,300 | $397,800 |
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.