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3722 Olive St

3722 Olive St

Shasta Lake, CA 96019

$309,900

4 bd · 2 ba · 1,305 sqft · Listed 56d ago

View on Realtor.com →
Low confidence

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)

$29,153$41,034$48,108

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $41,034

  • White retreat-close to I5- Petfriendly near Bethel

    House · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $51,172ADR $175Occ ≈ 80%4.8★ (81)

    AirbnbVrboBooking

  • Close to I5: Newer Pet-friendly Home Near Bethel

    House · 3 bd · 2 ba · sleeps 7 · 0.6 mi

    Revenue $21,242ADR $142Occ ≈ 41%3.7★ (3)

    Airbnb

  • 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)

    Delisted

  • *Family friendly *Hot Tub *2200 sq ft *2 acres

    House · 3 bd · 2 ba · sleeps 9 · 0.9 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $56,514ADR $266Occ ≈ 58%4.7★ (128)

    AirbnbVrbo

  • Home in Shasta Lake Near Redding: Early Check-In!

    House · 3 bd · 2 ba · sleeps 8 · 1.0 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $41,034ADR $232Occ ≈ 48%5★ (79)

    AirbnbVrboBooking

  • Shasta House

    House · 3 bd · 2 ba · sleeps 6 · 1.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $45,043ADR $189Occ ≈ 65%5★ (86)

    Airbnb

  • Cozy Shasta Retreat.

    House · 4 bd · 2 ba · sleeps 7 · 1.8 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $37,064ADR $164Occ ≈ 62%4.7★ (74)

    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
Management

Est. revenue

$38,074

NOI

$17,991

Cash flow /mo

$1,499

Cash needed

$345,296

Cash-on-cash (all cash)

5.2%

ROE (yr 1)

7.9%

Cap rate

5.8%

DSCR

—

Year-1 write-off

$83,961

Year-1 tax shield @ 32%

$26,868

Year-1 return on equity

  • Cash flow (annual)$17,991
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$9,297
ROE7.9%

Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.

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$3,874
  • Insurance (STR-rated)$1,813

Cash needed to close

  • Purchase price (all cash)$309,900
  • Closing costs (4.0%)$12,396
  • Furnishing (bought new)$23,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$26,868

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

$266,000

Short-life (5/15-yr)

$60,000 · 23%

Year-1 deduction

$84,000

Year-1 tax shield @ 32%

$27,000

Land 14% (county tax record, assessed value split) · building $206,000 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).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $66,000 in year 1 (16% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$66,400

  • Kitchen cabinetsdefault

    $8,700 new × 40% good × 1.96 allocation

    $6,800

  • Kitchen countertops (stone)listing

    $8,900 new × 40% good × 1.96 allocation

    $6,900

  • Decorative trimdefault

    $2,300 new × 40% good × 1.96 allocation

    $1,800

  • Mirrorsdefault

    $300 new × 40% good × 1.96 allocation

    $200

  • Shelvingdefault

    $1,500 new × 40% good × 1.96 allocation

    $1,200

  • Window coverings (13)default

    $3,300 new × 40% good × 1.96 allocation

    $2,500

  • Carpet, vinyl & laminate (100% of floors)listing

    $8,400 new × 40% good × 1.96 allocation

    $6,600

  • Kitchen & laundry equipment plumbingdefault

    $6,700 new × 52% good × 1.96 allocation

    $6,900

  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 52% good × 1.96 allocation

    $4,100

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

    $8,100 new × 40% good × 1.96 allocation

    $6,300

  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
15-year land improvements$16,900

  • Paving: driveway & walks (paved)default

    $7,500 new × 50% good × 1.96 allocation

    $7,300

  • Landscaping (typical)default

    $7,200 new × 50% good × 1.96 allocation

    $7,100

  • Patiosdefault

    $1,300 new × 50% good × 1.96 allocation

    $1,300

  • Decks & porches (attached)default

    $1,300 new × 50% good × 1.96 allocation

    $1,300
Building, 39-year$205,900

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

    $140,800 new × 60% good × 1.96 allocation

    $165,400

  • Building plumbing & fixturesdefault

    $14,600 new × 52% good × 1.96 allocation

    $14,900

  • Building electrical & lightingdefault

    $13,800 new × 52% good × 1.96 allocation

    $14,100

  • HVACdefault

    $14,700 new × 40% good × 1.96 allocation

    $11,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$66,400$16,900$700$84,000
2$0$0$5,300$5,300
3$0$0$5,300$5,300
4$0$0$5,300$5,300
5$0$0$5,300$5,300
6+$0$0$184,100$184,100
Total$66,400$16,900$205,900$289,200

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, Georgia and Wisconsin 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.