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21971 Daven Way

21971 Daven Way

Palo Cedro, CA 96073

$585,000

3 bd · 2.5 ba · 2,032 sqft · Listed 17d ago

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Low confidence

Year built

1990

Sqft

2,032

Lot sqft

113,256

HOA / mo

$0

Furnished

No

List date

2026-09-12T07:02:06.000000Z

Revenue

Annual revenue

$24,078

ADR

$161

Occupancy

41%

Cleaning fees (12 mo)

$2,269

Confidence

Med (62.91), 5 comps

Comp revenue range (p25 / median / p75)

$22,781$23,132$27,057

  • Peaceful ranch retreat for the playful family

    Guest house · 2 bd · 1 ba · sleeps 4 · 1.0 mi

    Revenue $22,781ADR $84Occ ≈ 74%5★ (13)

    Airbnb

  • Revival Ranchette - Mountain Views

    House · 4 bd · 2.5 ba · sleeps 8 · 1.3 mi

    Revenue $35,226ADR $565Occ ≈ 17%5★ (42)

    Airbnb

  • Serene Homestead Hideaway

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

    Revenue $27,057ADR $148Occ ≈ 50%4.7★ (21)

    Airbnb

  • Palo Cedro Country Family Home on Creek

    House · 3 bd · 2 ba · sleeps 7 · 1.9 mi

    Revenue $10,799ADR $221Occ ≈ 13%—

    Airbnb

  • Full top floor guest house!

    Guest house · 2 bd · 1 ba · sleeps 6 · 2.1 mi

    Revenue $23,132ADR $209Occ ≈ 30%5★ (83)

    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

Est. revenue

$24,078

NOI

$3,279

Cash flow /mo

$273

Cash needed

$627,900

Cash-on-cash (all cash)

0.5%

ROE (yr 1)

3.3%

Cap rate

0.6%

DSCR

—

Year-1 write-off

$128,282

Year-1 tax shield @ 32%

$41,050

Year-1 return on equity

  • Cash flow (annual)$3,279
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$17,550
ROE3.3%
ROE incl. year-1 tax savings (32% bracket, STR loophole)9.9%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$4,816
  • Platform fees (3% of revenue)$722
  • Maintenance / capex (5% of revenue)$1,204
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$7,313
  • Insurance (STR-rated)$3,422

Cash needed to close

  • Purchase price (all cash)$585,000
  • Closing costs (4.0%)$23,400
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$41,050

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

$459,000

Short-life (5/15-yr)

$108,000 · 23%

Year-1 deduction

$128,000

Year-1 tax shield @ 32%

$41,000

Land 22% (county tax record, assessed value split) · building $351,000 over 39 years · new furniture $20,000

Based on: 2,032 sq ft, built 1990, 3 bd / 2.5 ba, unfurnished, listing features (covered patio, fireplace, stone counters, flooring types, septic).

IRS-guide safe-harbor floor: $97,000 in year 1 (17% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$76,200

  • Kitchen cabinetsdefault

    $10,300 new × 40% good × 2.74 allocation

    $11,300

  • Kitchen countertops (stone)listing

    $10,500 new × 40% good × 2.74 allocation

    $11,500

  • Decorative trimdefault

    $3,600 new × 40% good × 2.74 allocation

    $3,900

  • Mirrorsdefault

    $300 new × 40% good × 2.74 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.74 allocation

    $1,300

  • Window coverings (20)default

    $5,000 new × 40% good × 2.74 allocation

    $5,500

  • Kitchen & laundry equipment plumbingdefault

    $8,000 new × 40% good × 2.74 allocation

    $8,800

  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 40% good × 2.74 allocation

    $5,300

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

    $8,100 new × 40% good × 2.74 allocation

    $8,900

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$50,900

  • Paving: driveway & walks (paved)default

    $9,300 new × 50% good × 2.74 allocation

    $12,800

  • Landscaping (typical)default

    $9,000 new × 50% good × 2.74 allocation

    $12,300

  • Covered patiolisting

    $16,800 new × 50% good × 2.74 allocation

    $23,000

  • Decks & porches (attached)default

    $2,000 new × 50% good × 2.74 allocation

    $2,800
Building, 39-year$351,300

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

    $220,500 new × 40% good × 2.74 allocation

    $242,100

  • Building plumbing & fixturesdefault

    $22,900 new × 40% good × 2.74 allocation

    $25,100

  • Building electrical & lightingdefault

    $23,000 new × 40% good × 2.74 allocation

    $25,300

  • HVACdefault

    $22,900 new × 40% good × 2.74 allocation

    $25,100

  • Hardwood & tile floorsdefault

    $13,100 new × 40% good × 2.74 allocation

    $14,400

  • Fireplacelisting

    $2,600 new × 40% good × 2.74 allocation

    $2,900

  • Septic systemlisting

    $12,000 new × 50% good × 2.74 allocation

    $16,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$76,200$50,900$1,100$128,300
2$0$0$9,000$9,000
3$0$0$9,000$9,000
4$0$0$9,000$9,000
5$0$0$9,000$9,000
6+$0$0$314,100$314,100
Total$76,200$50,900$351,300$478,400

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.