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3635 Sunglow Dr

3635 Sunglow Dr

Redding, CA 96001

$499,000

3 bd · 2 ba · 1,818 sqft · Listed 18d ago

View on Realtor.com →
Low confidence

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)

$17,901$39,814$56,596

  • 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%—

    Vrbo

  • 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)

    Airbnb

  • Harmony Haven

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $31,144ADR $172Occ ≈ 50%4.7★ (141)

    AirbnbBooking

  • 5 Mi to Sundial Bridge & River! Pet-Friendly Haven

    House · 3 bd · 2 ba · sleeps 8 · 1.1 mi

    Revenue $19,051ADR $453Occ ≈ 12%4.5★ (2)

    AirbnbVrboBooking

  • Andes Restful Retreat

    House · 3 bd · 2.5 ba · sleeps 7 · 1.3 mi

    Revenue $64,989ADR $294Occ ≈ 61%4.8★ (75)

    AirbnbVrbo

  • Modern Home | Bright Spacious Full Kitchen Garage

    House · 3 bd · 2 ba · sleeps 6 · 1.4 mi

    Revenue $53,849ADR $181Occ ≈ 82%4.8★ (130)

    AirbnbVrboBooking

  • Bright Redding Getaway

    House · 3 bd · 2 ba · sleeps 6 · 1.4 mi

    Revenue $37,182ADR $201Occ ≈ 51%5★ (25)

    AirbnbVrbo

  • Westside 3 bed + office/ 3 king beds/ trails!

    House · 3 bd · 3 ba · sleeps 9 · 1.5 mi

    Revenue $40,556ADR $237Occ ≈ 47%5★ (14)

    AirbnbVrbo

  • The Trailhouse • Covered Deck🏖Views🌄 Foosball⚽️

    House · 3 bd · 2 ba · sleeps 6 · 1.6 mi

    Revenue $45,992ADR $190Occ ≈ 66%4.9★ (130)

    AirbnbVrbo

  • "Newly renovated Westside bungalow"

    Bungalow · 3 bd · 1 ba · sleeps 4 · 1.8 mi

    Revenue $39,072ADR $126Occ ≈ 85%5★ (167)

    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)

    Airbnb

  • Dragonfly Retreat

    House · 3 bd · 2 ba · sleeps 6 · 1.9 mi

    Revenue $3,047ADR $258Occ ≈ 3%4.5★ (2)

    Airbnb

  • Summer Retreat | Best Pool by Mary Lake +EV Charge

    House · 3 bd · 2 ba · sleeps 8 · 1.9 mi

    Revenue $89,470ADR $299Occ ≈ 82%5★ (111)

    AirbnbVrboBooking

  • Vintage style house with amazing views of Lassen!

    House · 3 bd · 1.5 ba · sleeps 6 · 1.9 mi

    Revenue $14,452ADR $162Occ ≈ 24%5★ (94)

    AirbnbVrbo

  • {The Cessna Lookout} +Pool +Hot Tub +EV Charger

    House · 3 bd · 2.5 ba · sleeps 6 · 2.0 mi

    Revenue $76,422ADR $311Occ ≈ 67%5★ (184)

    AirbnbVrbo

  • The Olive Get-Away | Pool💦 Game Room🏓 & BBQ♨️

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

    Revenue $64,835ADR $298Occ ≈ 60%4.9★ (175)

    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

Est. revenue

$47,182

NOI

$21,363

Cash flow /mo

$1,780

Cash needed

$538,460

Cash-on-cash (all cash)

4.0%

ROE (yr 1)

6.7%

Cap rate

4.3%

DSCR

—

Year-1 write-off

$104,395

Year-1 tax shield @ 32%

$33,406

Year-1 return on equity

  • Cash flow (annual)$21,363
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$14,970
ROE6.7%
ROE incl. year-1 tax savings (32% bracket, STR loophole)13.0%
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

  • Purchase price (all cash)$499,000
  • 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.

5-year property$64,500

  • Kitchen cabinetsdefault

    $9,800 new × 40% good × 2.07 allocation

    $8,100

  • Kitchen countertopsdefault

    $8,000 new × 40% good × 2.07 allocation

    $6,600

  • Decorative trimdefault

    $3,200 new × 40% good × 2.07 allocation

    $2,600

  • Mirrorsdefault

    $300 new × 40% good × 2.07 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 2.07 allocation

    $1,000

  • Window coverings (18)default

    $4,500 new × 40% good × 2.07 allocation

    $3,700

  • Carpet, vinyl & laminate (40% of floors)default

    $4,700 new × 40% good × 2.07 allocation

    $3,900

  • Kitchen & laundry equipment plumbingdefault

    $7,600 new × 48% good × 2.07 allocation

    $7,600

  • Kitchen, laundry & data equipment electricaldefault

    $4,600 new × 48% good × 2.07 allocation

    $4,600

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

    $8,100 new × 40% good × 2.07 allocation

    $6,700

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$38,900

  • Paving: driveway & walks (paved)default

    $8,800 new × 50% good × 2.07 allocation

    $9,100

  • Landscaping (typical)default

    $8,500 new × 50% good × 2.07 allocation

    $8,800

  • Covered patiolisting

    $15,000 new × 50% good × 2.07 allocation

    $15,500

  • Irrigationlisting

    $3,500 new × 50% good × 2.07 allocation

    $3,600

  • Decks & porches (attached)default

    $1,800 new × 50% good × 2.07 allocation

    $1,900
Building, 39-year$294,300

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

    $197,100 new × 57% good × 2.07 allocation

    $231,100

  • Building plumbing & fixturesdefault

    $20,400 new × 48% good × 2.07 allocation

    $20,300

  • Building electrical & lightingdefault

    $20,300 new × 48% good × 2.07 allocation

    $20,200

  • HVACdefault

    $20,500 new × 40% good × 2.07 allocation

    $16,900

  • Hardwood & tile floorsdefault

    $7,000 new × 40% good × 2.07 allocation

    $5,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.