20292 Old Alturas Rd
Redding, CA 96003
$249,000
2 bd · 2.5 ba · 800 sqft · Listed today
View on Realtor.com →Year built
1968
Sqft
800
Lot sqft
155,945
HOA / mo
$0
Furnished
No
List date
2026-09-30T03:53:27.000000Z
Revenue
Annual revenue
$28,962
ADR
$129
Occupancy
62%
Cleaning fees (12 mo)
$3,710
Confidence
Low (25.72), 19 comps
Comp revenue range (p25 / median / p75)
Winery Getaway - stay at Shasta's Oldest Vineyard
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $31,607ADR $267Occ ≈ 32%5★ (18)
Comfy home + great outside space - 30 day
House · 3 bd · 2.5 ba · sleeps 7 · 1.5 mi
Revenue $6,219ADR $87Occ ≈ 20%—
Serene Homestead Hideaway
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $27,057ADR $148Occ ≈ 50%4.7★ (21)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Winery Getaway - stay at Shasta's Oldest Vineyard House | 3 bd · 2 ba · sleeps 6 | $31,607 | $267 | 32% | 5★ (18) | 0.3 mi | Airbnb |
8-Acre Retreat: Pool & Stunning Mt Lassen View! House | 3 bd · 3 ba · sleeps 8 | $49,185 | $298 | 45% | 5★ (14) | 0.4 mi | AirbnbVrboBooking |
Budget Friendly. Clean Updated & a little Quirky Guest house | 3 bd · 1.5 ba · sleeps 4 | $10,357 | $80 | 35% | 4.8★ (24) | 0.5 mi | AirbnbVrbo |
Fayette House near Lema Ranch House | 3 bd · 2 ba · sleeps 8 | $52,415 | $196 | 73% | 5★ (119) | 1.2 mi | AirbnbVrbo |
Ballpark House | 3 bd · 2.5 ba · sleeps 6 | $7,107 | $197 | 10% | — | 1.4 mi | Airbnb |
Comfy home + great outside space - 30 day House | 3 bd · 2.5 ba · sleeps 7 | $6,219 | $87 | 20% | — | 1.5 mi | Airbnb |
Comfortable 30+ Day Stay – Perfect for Work/Travel House | 3 bd · 2 ba · sleeps 8 | $16,255 | $169 | 26% | 4.8★ (6) | 1.7 mi | AirbnbVrbo |
* * *Arroyo Manor* * * House | 3 bd · 2 ba · sleeps 6 | $52,175 | $206 | 69% | 4.8★ (148) | 1.8 mi | AirbnbVrbo |
* * *Casa Vereda (Trail House)* * * House | 3 bd · 2 ba · sleeps 6 | $49,574 | $214 | 63% | 4.8★ (147) | 1.8 mi | AirbnbVrbo |
Serene Homestead Hideaway House | 3 bd · 2 ba · sleeps 6 | $27,057 | $148 | 50% | 4.7★ (21) | 1.9 mi | Airbnb |
Show all 19 comps
Contractor Friendly 3 Bdrm Townhomes - 30 day
Apartment · 3 bd · 1.5 ba · sleeps 7 · 2.0 mi
Revenue $22,943ADR $88Occ ≈ 71%—
Cheerful bedroom in a new townhouse!
Townhouse · 1 bd · 1.5 ba · sleeps 1 · 2.0 mi
Revenue $5,421ADR $48Occ ≈ 31%4.9★ (9)
Luxury room central to everything you could want!
Townhouse · 1 bd · 1.5 ba · sleeps 1 · 2.1 mi
Revenue $6,783ADR $49Occ ≈ 38%4.8★ (6)
Warm and Cozy Redding Home
House · 3 bd · 2.5 ba · sleeps 8 · 2.1 mi
Revenue $37,000ADR $141Occ ≈ 72%4.9★ (230)
Spacious Cozy Redding Home
House · 3 bd · 2.5 ba · sleeps 10 · 2.1 mi
Revenue $4,680ADR $130Occ ≈ 10%4.8★ (88)
Large Redding Home Away From Home
House · 3 bd · 2.5 ba · sleeps 8 · 2.1 mi
Revenue $29,081ADR $133Occ ≈ 60%4.9★ (146)
Cozy Redding Home Close to Just About Everything
House · 3 bd · 2.5 ba · sleeps 8 · 2.1 mi
Revenue $20,579ADR $135Occ ≈ 42%4.8★ (181)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Contractor Friendly 3 Bdrm Townhomes - 30 day Apartment | 3 bd · 1.5 ba · sleeps 7 | $22,943 | $88 | 71% | — | 2.0 mi | Airbnb |
Charming 3BR SmartHome w WiFi Games Good Location! House | 3 bd · 2 ba · sleeps 8 | $5,922 | $423 | 4% | 4.5★ (2) | 2.0 mi | AirbnbVrbo |
Cheerful bedroom in a new townhouse! Townhouse | 1 bd · 1.5 ba · sleeps 1 | $5,421 | $48 | 31% | 4.9★ (9) | 2.0 mi | Airbnb |
Luxury room central to everything you could want! Townhouse | 1 bd · 1.5 ba · sleeps 1 | $6,783 | $49 | 38% | 4.8★ (6) | 2.1 mi | Airbnb |
Redding Poolside Retreat | Family & Pet Friendly House | 3 bd · 2 ba · sleeps 6 | $63,449 | $238 | 73% | 4.8★ (157) | 2.1 mi | AirbnbVrbo |
Warm and Cozy Redding Home House | 3 bd · 2.5 ba · sleeps 8 | $37,000 | $141 | 72% | 4.9★ (230) | 2.1 mi | Airbnb |
Spacious Cozy Redding Home House | 3 bd · 2.5 ba · sleeps 10 | $4,680 | $130 | 10% | 4.8★ (88) | 2.1 mi | Airbnb |
Large Redding Home Away From Home House | 3 bd · 2.5 ba · sleeps 8 | $29,081 | $133 | 60% | 4.9★ (146) | 2.1 mi | Airbnb |
Cozy Redding Home Close to Just About Everything House | 3 bd · 2.5 ba · sleeps 8 | $20,579 | $135 | 42% | 4.8★ (181) | 2.1 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
$28,962
NOI
$12,457
Cash flow /mo
-$304
Cash needed
$88,210
Cash-on-cash
-4.1%
ROE (yr 1)
6.2%
Cap rate
5.0%
DSCR
0.77
Year-1 write-off
$32,969
Year-1 tax shield @ 32%
$10,550
Year-1 return on equity
- Cash flow (annual)-$3,644
- Principal paydown$1,629
- Appreciation at%$7,470
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)$5,792
- Platform fees (3% of revenue)$869
- Maintenance / capex (5% of revenue)$1,448
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,113
- Insurance (STR-rated)$1,457
Cash needed to close
- Down payment (25%)$62,250
- Closing costs (4.0%)$9,960
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$10,550
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
$70,000
Short-life (5/15-yr)
$17,000 · 24%
Year-1 deduction
$33,000
Year-1 tax shield @ 32%
$11,000
Land 72% (county tax record, assessed value split) · building $53,000 over 39 years · new furniture $16,000
Based on: 800 sq ft, built 1968, 2 bd / 2.5 ba, unfurnished, listing features (fireplace, flooring types, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $26,000 in year 1 (14% short-life, $8,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $3,100
Kitchen cabinetsdefault
$7,600 new × 40% good × 1.02 allocation
- $2,500
Kitchen countertopsdefault
$6,200 new × 40% good × 1.02 allocation
- $600
Decorative trimdefault
$1,400 new × 40% good × 1.02 allocation
- $100
Mirrorsdefault
$300 new × 40% good × 1.02 allocation
- $400
Shelvingdefault
$900 new × 40% good × 1.02 allocation
- $800
Window coverings (8)default
$2,000 new × 40% good × 1.02 allocation
- $2,100
Carpet, vinyl & laminate (100% of floors)listing
$5,100 new × 40% good × 1.02 allocation
- $2,400
Kitchen & laundry equipment plumbingdefault
$5,900 new × 40% good × 1.02 allocation
- $1,500
Kitchen, laundry & data equipment electricaldefault
$3,600 new × 40% good × 1.02 allocation
- $3,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.02 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $35,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$86,200 new × 40% good × 1.02 allocation
- $3,700
Building plumbing & fixturesdefault
$8,900 new × 40% good × 1.02 allocation
- $3,000
Building electrical & lightingdefault
$7,400 new × 40% good × 1.02 allocation
- $3,700
HVACdefault
$9,000 new × 40% good × 1.02 allocation
- $1,100
Fireplacelisting
$2,600 new × 40% good × 1.02 allocation
- $6,100
Septic systemlisting
$12,000 new × 50% good × 1.02 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $32,800 | $0 | $200 | $33,000 |
| 2 | $0 | $0 | $1,400 | $1,400 |
| 3 | $0 | $0 | $1,400 | $1,400 |
| 4 | $0 | $0 | $1,400 | $1,400 |
| 5 | $0 | $0 | $1,400 | $1,400 |
| 6+ | $0 | $0 | $47,300 | $47,300 |
| Total | $32,800 | $0 | $52,900 | $85,700 |
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.