3540 Dwayne Ct
Redding, CA 96001
$324,900
3 bd · 2 ba · 1,232 sqft · Listed 1d ago
View on Realtor.com →Year built
1976
Sqft
1,232
Lot sqft
18,731
HOA / mo
$0
Furnished
No
List date
2026-10-01T19:23:58.000000Z
Revenue
Annual revenue
$36,123
ADR
$116
Occupancy
85%
Cleaning fees (12 mo)
$5,295
Confidence
Med (53.16), 5 comps
Comp revenue range (p25 / median / p75)
"Newly renovated Westside bungalow"
Bungalow · 3 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $39,072ADR $126Occ ≈ 85%5★ (167)
2 bed/1.5 bath townhouse apartment, by hospital
Apartment · 2 bd · 1.5 ba · sleeps 4 · 0.5 mi
Revenue $24,020ADR $76Occ ≈ 87%5★ (3)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern Home | Bright Spacious Full Kitchen Garage House | 3 bd · 2 ba · sleeps 6 | $53,849 | $181 | 82% | 4.8★ (130) | 0.1 mi | AirbnbVrboBooking |
"Newly renovated Westside bungalow" Bungalow | 3 bd · 1 ba · sleeps 4 | $39,072 | $126 | 85% | 5★ (167) | 0.5 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) | 0.5 mi | Airbnb |
Charming 2 Bed, 1 Bath Single Family Home House | 2 bd · 1 ba · sleeps 3 | $29,274 | $194 | 41% | 4.5★ (2) | 0.6 mi | AirbnbVrbo |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 0.7 mi | 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
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$36,123
NOI
$16,334
Cash flow /mo
-$432
Cash needed
$113,721
Cash-on-cash
-4.6%
ROE (yr 1)
5.8%
Cap rate
5.0%
DSCR
0.76
Year-1 write-off
$90,198
Year-1 tax shield @ 32%
$28,863
Year-1 return on equity
- Cash flow (annual)-$5,183
- Principal paydown$2,023
- Appreciation at%$9,747
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)$7,225
- Platform fees (3% of revenue)$1,084
- Maintenance / capex (5% of revenue)$1,806
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,061
- Insurance (STR-rated)$1,901
Cash needed to close
- Down payment (25%)$81,225
- Closing costs (4.0%)$12,996
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,863
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
$259,000
Short-life (5/15-yr)
$70,000 · 27%
Year-1 deduction
$90,000
Year-1 tax shield @ 32%
$29,000
Land 20% (county tax record, assessed value split) · building $188,000 over 39 years · new furniture $20,000
Based on: 1,232 sq ft, built 1976, 3 bd / 2 ba, unfurnished, listing features (fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $69,000 in year 1 (19% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,900
Kitchen cabinetsdefault
$8,500 new × 40% good × 2.63 allocation
- $7,300
Kitchen countertopsdefault
$7,000 new × 40% good × 2.63 allocation
- $2,300
Decorative trimdefault
$2,200 new × 40% good × 2.63 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.63 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.63 allocation
- $3,200
Window coverings (12)default
$3,000 new × 40% good × 2.63 allocation
- $5,600
Carpet, vinyl & laminate (67% of floors)listing
$5,300 new × 40% good × 2.63 allocation
- $7,000
Kitchen & laundry equipment plumbingdefault
$6,600 new × 40% good × 2.63 allocation
- $4,200
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 40% good × 2.63 allocation
- $8,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.63 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,600
Paving: driveway & walks (paved)default
$7,300 new × 50% good × 2.63 allocation
- $9,200
Landscaping (typical)default
$7,000 new × 50% good × 2.63 allocation
- $1,600
Patiosdefault
$1,200 new × 50% good × 2.63 allocation
- $1,600
Decks & porches (attached)default
$1,200 new × 50% good × 2.63 allocation
- $140,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$133,100 new × 40% good × 2.63 allocation
- $14,500
Building plumbing & fixturesdefault
$13,800 new × 40% good × 2.63 allocation
- $13,600
Building electrical & lightingdefault
$12,900 new × 40% good × 2.63 allocation
- $14,600
HVACdefault
$13,900 new × 40% good × 2.63 allocation
- $2,800
Hardwood & tile floorsdefault
$2,600 new × 40% good × 2.63 allocation
- $2,800
Fireplacelisting
$2,600 new × 40% good × 2.63 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,000 | $22,000 | $200 | $90,200 |
| 2 | $0 | $0 | $4,800 | $4,800 |
| 3 | $0 | $0 | $4,800 | $4,800 |
| 4 | $0 | $0 | $4,800 | $4,800 |
| 5 | $0 | $0 | $4,800 | $4,800 |
| 6+ | $0 | $0 | $168,800 | $168,800 |
| Total | $68,000 | $22,000 | $188,300 | $278,300 |
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.