3150 Redondo Ct
Redding, CA 96003
$560,000
4 bd · 2 ba · 1,881 sqft · Listed 4d ago
View on Realtor.com →Year built
2010
Sqft
1,881
Lot sqft
37,462
HOA / mo
$0
Furnished
No
List date
2026-09-25T07:16:58.000000Z
Revenue
Annual revenue
$65,065
ADR
$202
Occupancy
88%
Cleaning fees (12 mo)
$10,591
Confidence
Low (9.09), 5 comps
Comp revenue range (p25 / median / p75)
Cozy Modern Home with Views | Quiet & Central
House · 3 bd · 2 ba · sleeps 5 · 0.3 mi
Revenue $11,945ADR $206Occ ≈ 16%5★ (1)
|The Ritz 66| Posh + Pool + Views!
House · 3 bd · 2.5 ba · sleeps 12 · 0.5 mi
Revenue $769ADR $384Occ ≈ 1%—
Shasta Lake Sanctuary!
House · 3 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $90,551ADR $503Occ ≈ 49%4.8★ (15)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Cozy Modern Home with Views | Quiet & Central House | 3 bd · 2 ba · sleeps 5 | $11,945 | $206 | 16% | 5★ (1) | 0.3 mi | Airbnb |
|The Ritz 66| Posh + Pool + Views! House | 3 bd · 2.5 ba · sleeps 12 | $769 | $384 | 1% | — | 0.5 mi | Airbnb |
Modern 4BR Retreat | Hot Tub • BBQ • Boat Parking House | 4 bd · 2 ba · sleeps 9 | $78,116 | $363 | 59% | 5★ (248) | 0.6 mi | AirbnbVrbo |
Family Holiday Retreat House | 4 bd · 2 ba · sleeps 8 | $36,571 | $224 | 45% | 5★ (289) | 0.6 mi | AirbnbVrbo |
Shasta Lake Sanctuary! House | 3 bd · 2 ba · sleeps 8 | $90,551 | $503 | 49% | 4.8★ (15) | 0.6 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
$65,065
NOI
$33,211
Cash flow /mo
-$250
Cash needed
$185,400
Cash-on-cash
-1.6%
ROE (yr 1)
9.4%
Cap rate
5.9%
DSCR
0.92
Year-1 write-off
$160,305
Year-1 tax shield @ 32%
$51,298
Year-1 return on equity
- Cash flow (annual)-$3,001
- Principal paydown$3,665
- Appreciation at%$16,800
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$13,013
- Platform fees (3% of revenue)$1,952
- Maintenance / capex (5% of revenue)$3,253
- Utilities & supplies$4,200
- HOA$0
- Property tax$7,000
- Insurance (STR-rated)$3,276
Cash needed to close
- Down payment (25%)$140,000
- Closing costs (4.0%)$22,400
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$51,298
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
$460,000
Short-life (5/15-yr)
$136,000 · 30%
Year-1 deduction
$160,000
Year-1 tax shield @ 32%
$51,000
Land 18% (county tax record, assessed value split) · building $324,000 over 39 years · new furniture $23,000
Based on: 1,881 sq ft, built 2010, 4 bd / 2 ba, unfurnished, listing features (pool, covered patio, stone counters, flooring types).
IRS-guide safe-harbor floor: $141,000 in year 1 (25% short-life, $45,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,900
Kitchen cabinetsdefault
$9,900 new × 40% good × 1.74 allocation
- $7,000
Kitchen countertops (stone)listing
$10,100 new × 40% good × 1.74 allocation
- $2,300
Decorative trimdefault
$3,300 new × 40% good × 1.74 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.74 allocation
- $1,000
Shelvingdefault
$1,500 new × 40% good × 1.74 allocation
- $3,300
Window coverings (19)default
$4,800 new × 40% good × 1.74 allocation
- $8,400
Carpet, vinyl & laminate (100% of floors)listing
$12,100 new × 40% good × 1.74 allocation
- $9,100
Kitchen & laundry equipment plumbingdefault
$7,700 new × 68% good × 1.74 allocation
- $5,500
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 68% good × 1.74 allocation
- $5,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.74 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $7,800
Paving: driveway & walks (paved)default
$9,000 new × 50% good × 1.74 allocation
- $7,500
Landscaping (typical)default
$8,600 new × 50% good × 1.74 allocation
- $13,500
Covered patiolisting
$15,500 new × 50% good × 1.74 allocation
- $1,600
Decks & porches (attached)default
$1,900 new × 50% good × 1.74 allocation
- $56,400
Pool (in-ground)listing
$65,000 new × 50% good × 1.74 allocation
- $259,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$203,700 new × 73% good × 1.74 allocation
- $25,000
Building plumbing & fixturesdefault
$21,200 new × 68% good × 1.74 allocation
- $24,900
Building electrical & lightingdefault
$21,100 new × 68% good × 1.74 allocation
- $14,700
HVACdefault
$21,200 new × 40% good × 1.74 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $72,400 | $86,800 | $1,000 | $160,300 |
| 2 | $0 | $0 | $8,300 | $8,300 |
| 3 | $0 | $0 | $8,300 | $8,300 |
| 4 | $0 | $0 | $8,300 | $8,300 |
| 5 | $0 | $0 | $8,300 | $8,300 |
| 6+ | $0 | $0 | $289,800 | $289,800 |
| Total | $72,400 | $86,800 | $324,000 | $483,300 |
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 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.