2634 Lanning Ave
Redding, CA 96001
$315,000
2 bd · 1 ba · 988 sqft · Listed 29d ago
View on Realtor.com →Year built
1950
Sqft
988
Lot sqft
11,326
HOA / mo
$0
Furnished
No
List date
2026-08-31T17:55:36.000000Z
Revenue
Annual revenue
$29,144
ADR
$98
Occupancy
81%
Cleaning fees (12 mo)
$1,757
Confidence
Low (28.3), 14 comps
Comp revenue range (p25 / median / p75)
Redding Travel Nurse Retreat–few min to Hospitals
House · 2 bd · 1 ba · sleeps 4 · 518 ft
Revenue $7,185ADR $90Occ ≈ 22%4.8★ (79)
Charming Downtown Home with Outdoor Oasis
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $22,909ADR $82Occ ≈ 77%5★ (8)
Peaceful 2BR by the Canal
House · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $17,982ADR $124Occ ≈ 40%4.8★ (57)
2 bed/1.5 bath townhouse apartment, by hospital
Apartment · 2 bd · 1.5 ba · sleeps 4 · 0.4 mi
Revenue $24,020ADR $76Occ ≈ 87%5★ (3)
peaceful retreat near the river
House · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $24,563ADR $88Occ ≈ 76%4.8★ (4)
Cozy retreat on quiet street.Outdoor adventures at your fingertips.
House · 2 bd · 2 ba · sleeps 4 · 0.5 mi
Revenue $70,373ADR $242Occ ≈ 80%4.6★ (9)
Central to everything Redding! Clean rooms.
House · 2 bd · 1 ba · sleeps 6 · 0.5 mi
Revenue $3,696ADR $46Occ ≈ 22%5★ (3)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding Travel Nurse Retreat–few min to Hospitals House | 2 bd · 1 ba · sleeps 4 | $7,185 | $90 | 22% | 4.8★ (79) | 518 ft | Airbnb |
Charming Downtown Home with Outdoor Oasis House | 2 bd · 1 ba · sleeps 4 | $22,909 | $82 | 77% | 5★ (8) | 0.3 mi | Airbnb |
Charming 2 Bed, 1 Bath Single Family Home House | 2 bd · 1 ba · sleeps 3 | $29,274 | $194 | 41% | 4.5★ (2) | 0.3 mi | AirbnbVrbo |
Peaceful 2BR by the Canal House | 2 bd · 1 ba · sleeps 4 | $17,982 | $124 | 40% | 4.8★ (57) | 0.4 mi | Airbnb |
2 bed/1.5 bath townhouse apartment, by hospital Apartment | 2 bd · 1.5 ba · sleeps 4 | $24,020 | $76 | 87% | 5★ (3) | 0.4 mi | Airbnb |
peaceful retreat near the river House | 2 bd · 1 ba · sleeps 4 | $24,563 | $88 | 76% | 4.8★ (4) | 0.4 mi | Airbnb |
Cozy retreat on quiet street.Outdoor adventures at your fingertips. House | 2 bd · 2 ba · sleeps 4 | $70,373 | $242 | 80% | 4.6★ (9) | 0.5 mi | Vrbo |
Central to everything Redding! Clean rooms. House | 2 bd · 1 ba · sleeps 6 | $3,696 | $46 | 22% | 5★ (3) | 0.5 mi | Airbnb |
Central to all Redding! House | 2 bd · 1 ba · sleeps 4 | $168 | $84 | 1% | — | 0.5 mi | Airbnb |
Gardenia at Evergreen Apartment | 2 bd · 1 ba · sleeps 4 | $43,025 | $234 | 50% | 5★ (23) | 0.6 mi | AirbnbVrboBooking |
Show all 14 comps
Sage Pine Suite -Redding Ca.
Place · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $46,658ADR $167Occ ≈ 77%4.8★ (72)
Gold House ~ Charming 2 BR retreat in Garden Tract
House · 2 bd · 1 ba · sleeps 3 · 0.6 mi
Revenue $12,782ADR $53Occ ≈ 66%—
Fantastic, 2 bedroom cottage in the Garden Tract
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $50,970ADR $172Occ ≈ 81%5★ (69)
Super Cozy quiet 2/2 home - Mt Lassen Views
House · 2 bd · 2 ba · sleeps 4 · 0.7 mi
Revenue $49,827ADR $355Occ ≈ 38%5★ (40)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sage Pine Suite -Redding Ca. Place | 2 bd · 1 ba · sleeps 4 | $46,658 | $167 | 77% | 4.8★ (72) | 0.6 mi | Airbnb |
Gold House ~ Charming 2 BR retreat in Garden Tract House | 2 bd · 1 ba · sleeps 3 | $12,782 | $53 | 66% | — | 0.6 mi | Airbnb |
Fantastic, 2 bedroom cottage in the Garden Tract House | 2 bd · 1 ba · sleeps 4 | $50,970 | $172 | 81% | 5★ (69) | 0.6 mi | Airbnb |
Super Cozy quiet 2/2 home - Mt Lassen Views House | 2 bd · 2 ba · sleeps 4 | $49,827 | $355 | 38% | 5★ (40) | 0.7 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
$29,144
NOI
$11,476
Cash flow /mo
-$741
Cash needed
$107,350
Cash-on-cash
-8.3%
ROE (yr 1)
2.4%
Cap rate
3.6%
DSCR
0.56
Year-1 write-off
$92,873
Year-1 tax shield @ 32%
$29,719
Year-1 return on equity
- Cash flow (annual)-$8,893
- Principal paydown$2,061
- Appreciation at%$9,450
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$5,829
- Platform fees (3% of revenue)$874
- Maintenance / capex (5% of revenue)$1,457
- 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)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$29,719
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
$240,000
Short-life (5/15-yr)
$76,000 · 32%
Year-1 deduction
$93,000
Year-1 tax shield @ 32%
$30,000
Land 24% (county tax record, assessed value split) · building $164,000 over 39 years · new furniture $16,000
Based on: 988 sq ft, built 1950, 2 bd / 1 ba, unfurnished, listing features (fence).
IRS-guide safe-harbor floor: $72,000 in year 1 (23% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,100
Kitchen cabinetsdefault
$8,000 new × 40% good × 2.87 allocation
- $7,500
Kitchen countertopsdefault
$6,500 new × 40% good × 2.87 allocation
- $2,000
Decorative trimdefault
$1,700 new × 40% good × 2.87 allocation
- $200
Mirrorsdefault
$200 new × 40% good × 2.87 allocation
- $1,000
Shelvingdefault
$900 new × 40% good × 2.87 allocation
- $2,900
Window coverings (10)default
$2,500 new × 40% good × 2.87 allocation
- $2,900
Carpet, vinyl & laminate (40% of floors)default
$2,500 new × 40% good × 2.87 allocation
- $7,100
Kitchen & laundry equipment plumbingdefault
$6,200 new × 40% good × 2.87 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 2.87 allocation
- $9,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.87 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $9,300
Paving: driveway & walks (paved)default
$6,500 new × 50% good × 2.87 allocation
- $9,000
Landscaping (typical)default
$6,300 new × 50% good × 2.87 allocation
- $1,400
Patiosdefault
$1,000 new × 50% good × 2.87 allocation
- $1,400
Decks & porches (attached)default
$1,000 new × 50% good × 2.87 allocation
- $8,600
Fencinglisting
$6,000 new × 50% good × 2.87 allocation
- $122,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$106,900 new × 40% good × 2.87 allocation
- $12,700
Building plumbing & fixturesdefault
$11,100 new × 40% good × 2.87 allocation
- $11,200
Building electrical & lightingdefault
$9,800 new × 40% good × 2.87 allocation
- $12,800
HVACdefault
$11,100 new × 40% good × 2.87 allocation
- $4,400
Hardwood & tile floorsdefault
$3,800 new × 40% good × 2.87 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $62,300 | $29,700 | $900 | $92,900 |
| 2 | $0 | $0 | $4,200 | $4,200 |
| 3 | $0 | $0 | $4,200 | $4,200 |
| 4 | $0 | $0 | $4,200 | $4,200 |
| 5 | $0 | $0 | $4,200 | $4,200 |
| 6+ | $0 | $0 | $146,000 | $146,000 |
| Total | $62,300 | $29,700 | $163,600 | $255,600 |
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.