3722 Olive St
Shasta Lake, CA 96019
$315,000
4 bd · 2 ba · 1,305 sqft · Listed 11d ago
View on Realtor.com →Year built
2002
Sqft
1,305
Lot sqft
6,970
HOA / mo
$0
Furnished
No
List date
2026-09-18T21:41:04.000000Z
Revenue
Annual revenue
$38,074
ADR
$169
Occupancy
62%
Cleaning fees (12 mo)
$6,197
Confidence
Med (60.76), 7 comps
Comp revenue range (p25 / median / p75)
Shasta Lake Retreat! 4 Bedroom Home on 1/2 acre
House · 4 bd · 2 ba · sleeps 8 · 0.8 mi
Revenue $15,733ADR $250Occ ≈ 17%5★ (42)
Cozy Shasta Retreat.
House · 4 bd · 2 ba · sleeps 7 · 1.8 mi
Revenue $37,064ADR $164Occ ≈ 62%4.7★ (74)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
White retreat-close to I5- Petfriendly near Bethel House | 3 bd · 2 ba · sleeps 8 | $51,172 | $175 | 80% | 4.8★ (81) | 0.6 mi | AirbnbVrboBooking |
Close to I5: Newer Pet-friendly Home Near Bethel House | 3 bd · 2 ba · sleeps 7 | $21,242 | $142 | 41% | 3.7★ (3) | 0.6 mi | AirbnbVrbo |
Shasta Lake Retreat! 4 Bedroom Home on 1/2 acre House | 4 bd · 2 ba · sleeps 8 | $15,733 | $250 | 17% | 5★ (42) | 0.8 mi | Airbnb |
*Family friendly *Hot Tub *2200 sq ft *2 acres House | 3 bd · 2 ba · sleeps 9 | $56,514 | $266 | 58% | 4.7★ (128) | 0.9 mi | AirbnbVrbo |
Home in Shasta Lake Near Redding: Early Check-In! House | 3 bd · 2 ba · sleeps 8 | $41,034 | $232 | 48% | 5★ (79) | 1.0 mi | AirbnbVrboBooking |
Shasta House House | 3 bd · 2 ba · sleeps 6 | $45,043 | $189 | 65% | 5★ (86) | 1.5 mi | Airbnb |
Cozy Shasta Retreat. House | 4 bd · 2 ba · sleeps 7 | $37,064 | $164 | 62% | 4.7★ (74) | 1.8 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
$38,074
NOI
$17,906
Cash flow /mo
-$205
Cash needed
$114,350
Cash-on-cash
-2.2%
ROE (yr 1)
7.9%
Cap rate
5.7%
DSCR
0.88
Year-1 write-off
$84,965
Year-1 tax shield @ 32%
$27,189
Year-1 return on equity
- Cash flow (annual)-$2,464
- Principal paydown$2,061
- Appreciation at%$9,450
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,615
- Platform fees (3% of revenue)$1,142
- Maintenance / capex (5% of revenue)$1,904
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,938
- Insurance (STR-rated)$1,843
Cash needed to close
- Down payment (25%)$78,750
- Closing costs (4.0%)$12,600
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$27,189
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
$271,000
Short-life (5/15-yr)
$61,000 · 23%
Year-1 deduction
$85,000
Year-1 tax shield @ 32%
$27,000
Land 14% (county tax record, assessed value split) · building $209,000 over 39 years · new furniture $23,000
Based on: 1,305 sq ft, built 2002, 4 bd / 2 ba, unfurnished, listing features (stone counters, flooring types).
IRS-guide safe-harbor floor: $67,000 in year 1 (16% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,900
Kitchen cabinetsdefault
$8,700 new × 40% good × 1.99 allocation
- $7,100
Kitchen countertops (stone)listing
$8,900 new × 40% good × 1.99 allocation
- $1,800
Decorative trimdefault
$2,300 new × 40% good × 1.99 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.99 allocation
- $1,200
Shelvingdefault
$1,500 new × 40% good × 1.99 allocation
- $2,600
Window coverings (13)default
$3,300 new × 40% good × 1.99 allocation
- $6,700
Carpet, vinyl & laminate (100% of floors)listing
$8,400 new × 40% good × 1.99 allocation
- $7,000
Kitchen & laundry equipment plumbingdefault
$6,700 new × 52% good × 1.99 allocation
- $4,200
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 52% good × 1.99 allocation
- $6,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.99 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $7,500
Paving: driveway & walks (paved)default
$7,500 new × 50% good × 1.99 allocation
- $7,200
Landscaping (typical)default
$7,200 new × 50% good × 1.99 allocation
- $1,300
Patiosdefault
$1,300 new × 50% good × 1.99 allocation
- $1,300
Decks & porches (attached)default
$1,300 new × 50% good × 1.99 allocation
- $168,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$140,800 new × 60% good × 1.99 allocation
- $15,200
Building plumbing & fixturesdefault
$14,600 new × 52% good × 1.99 allocation
- $14,300
Building electrical & lightingdefault
$13,800 new × 52% good × 1.99 allocation
- $11,700
HVACdefault
$14,700 new × 40% good × 1.99 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,100 | $17,200 | $700 | $85,000 |
| 2 | $0 | $0 | $5,400 | $5,400 |
| 3 | $0 | $0 | $5,400 | $5,400 |
| 4 | $0 | $0 | $5,400 | $5,400 |
| 5 | $0 | $0 | $5,400 | $5,400 |
| 6+ | $0 | $0 | $187,100 | $187,100 |
| Total | $67,100 | $17,200 | $209,300 | $293,600 |
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.