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2554 Capella St

2554 Capella St

Redding, CA 96002

$415,000

4 bd · 2 ba · 1,683 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

1989

Sqft

1,683

Lot sqft

6,534

HOA / mo

$0

Furnished

No

List date

2026-10-20T21:29:21.000000Z

Revenue

Annual revenue

$56,827

ADR

$263

Occupancy

59%

Cleaning fees (12 mo)

$8,412

Confidence

Low (16), 8 comps

Comp revenue range (p25 / median / p75)

$27,804$43,567$65,320

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $43,567

  • LUXE Modern getaway retreat

    House · 3 bd · 1.5 ba · sleeps 6 · 0.3 mi

    Revenue $10,293ADR $155Occ ≈ 18%4.8★ (7)

    Delisted

  • House+ADU+Pool + RV/Boat Parking

    House · 4 bd · 3 ba · sleeps 10 · 0.3 mi

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $4,286ADR $499Occ ≈ 2%5★ (6)

    Airbnb

  • Forest Hill Resort: Heated Pool +Billiards +Trails

    House · 4 bd · 2 ba · sleeps 12 · 0.4 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +7

    Revenue $102,651ADR $524Occ ≈ 54%4.9★ (146)

    AirbnbVrbo

  • Forest Homes Retreat

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $40,656ADR $291Occ ≈ 38%5★ (53)

    AirbnbVrbo

  • Calm, Cozy & Clean (5 beds + pooltable & foosball)

    House · 3 bd · 1.5 ba · sleeps 7 · 0.5 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $33,641ADR $201Occ ≈ 46%5★ (203)

    Airbnb

  • The W Resort Outdoor Kitchen Pool Hot Tub Oasis

    House · 4 bd · 2.5 ba · sleeps 10 · 0.5 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $135,416ADR $615Occ ≈ 60%4.8★ (37)

    AirbnbVrbo

  • Sweet Escape. Cozy, central, fireplace & Netflix.

    House · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $46,477ADR $162Occ ≈ 79%4.8★ (399)

    Airbnb

  • Timber Haven- Cozy Nest w/Hot Tub & EV Charger

    House · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $52,876ADR $220Occ ≈ 66%5★ (213)

    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

Financing
Management

Est. revenue

$56,827

NOI

$29,723

Cash flow /mo

$2,477

Cash needed

$454,600

Cash-on-cash (all cash)

6.5%

ROE (yr 1)

9.3%

Cap rate

7.2%

DSCR

—

Year-1 write-off

$112,363

Year-1 tax shield @ 32%

$35,956

Year-1 return on equity

  • Cash flow (annual)$29,723
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$12,450
ROE9.3%

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)$11,365
  • Platform fees (3% of revenue)$1,705
  • Maintenance / capex (5% of revenue)$2,841
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,188
  • Insurance (STR-rated)$2,428

Cash needed to close

  • Purchase price (all cash)$415,000
  • Closing costs (4.0%)$16,600
  • Furnishing (bought new)$23,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$35,956

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

$342,000

Short-life (5/15-yr)

$89,000 · 26%

Year-1 deduction

$112,000

Year-1 tax shield @ 32%

$36,000

Land 18% (county tax record, assessed value split) · building $253,000 over 39 years · new furniture $23,000

Based on: 1,683 sq ft, built 1989, 4 bd / 2 ba, unfurnished, listing features (stone counters, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $85,000 in year 1 (18% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$85,600

  • Kitchen cabinetsdefault

    $9,500 new × 40% good × 2.65 allocation

    $10,100

  • Kitchen countertops (stone)listing

    $9,700 new × 40% good × 2.65 allocation

    $10,300

  • Decorative trimdefault

    $2,900 new × 40% good × 2.65 allocation

    $3,100

  • Mirrorsdefault

    $300 new × 40% good × 2.65 allocation

    $300

  • Shelvingdefault

    $1,500 new × 40% good × 2.65 allocation

    $1,600

  • Window coverings (17)default

    $4,300 new × 40% good × 2.65 allocation

    $4,500

  • Carpet, vinyl & laminate (100% of floors)listing

    $10,800 new × 40% good × 2.65 allocation

    $11,500

  • Kitchen & laundry equipment plumbingdefault

    $7,400 new × 40% good × 2.65 allocation

    $7,800

  • Kitchen, laundry & data equipment electricaldefault

    $4,500 new × 40% good × 2.65 allocation

    $4,700

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

    $8,100 new × 40% good × 2.65 allocation

    $8,600

  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
15-year land improvements$26,500

  • Paving: driveway & walks (paved)default

    $8,500 new × 50% good × 2.65 allocation

    $11,300

  • Landscaping (typical)default

    $8,200 new × 50% good × 2.65 allocation

    $10,800

  • Patiosdefault

    $1,700 new × 50% good × 2.65 allocation

    $2,200

  • Decks & porches (attached)default

    $1,700 new × 50% good × 2.65 allocation

    $2,200
Building, 39-year$253,100

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

    $182,100 new × 40% good × 2.65 allocation

    $193,200

  • Building plumbing & fixturesdefault

    $18,900 new × 40% good × 2.65 allocation

    $20,100

  • Building electrical & lightingdefault

    $18,600 new × 40% good × 2.65 allocation

    $19,700

  • HVACdefault

    $19,000 new × 40% good × 2.65 allocation

    $20,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$85,600$26,500$300$112,400
2$0$0$6,500$6,500
3$0$0$6,500$6,500
4$0$0$6,500$6,500
5$0$0$6,500$6,500
6+$0$0$226,900$226,900
Total$85,600$26,500$253,100$365,200

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.