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1545 Yale Ct

1545 Yale Ct

Redding, CA 96002

$319,900

3 bd · 2 ba · 1,230 sqft · Listed 9d ago

View on Realtor.com →
Low confidence

Year built

1961

Sqft

1,230

Lot sqft

6,098

HOA / mo

$0

Furnished

No

List date

2026-11-03T18:31:10.000000Z

Revenue

Annual revenue

$46,702

ADR

$203

Occupancy

63%

Cleaning fees (12 mo)

$8,123

Confidence

Low (34.46), 10 comps

Comp revenue range (p25 / median / p75)

$23,324$42,316$52,850

Median revenue of shown comps: $42,316

  • Oh Joy! 3 beds 2 baths Organic Avocado mattress

    House · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $36,297ADR $210Occ ≈ 47%4.7★ (46)

    Booking

  • “The Lion’s Keep”, Entire 3/2 residential home

    House · 3 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $44,982ADR $173Occ ≈ 71%5★ (97)

    Airbnb

  • Renovated 3-Bedroom Mid Century Home

    House · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $19,000ADR $227Occ ≈ 23%4.3★ (4)

    Airbnb

  • Pool, Fire Pit, Pets OK, EV, Yard Games

    House · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $85,075ADR $279Occ ≈ 84%5★ (93)

    AirbnbVrboBooking

  • * * *Carpenter Lane* * *

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

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

    Revenue $55,575ADR $211Occ ≈ 72%4.9★ (226)

    AirbnbVrbo

  • Desert Chic Meets California Cool in Redding

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

    Revenue $3,928ADR $218Occ ≈ 5%1★ (1)

    Delisted

  • * * *Pineland Place* * *

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

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

    Revenue $53,208ADR $221Occ ≈ 66%4.8★ (178)

    AirbnbVrbo

  • Pineland Getaway ~ 4 Queens, 2 Twins

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $39,649ADR $198Occ ≈ 55%4.8★ (103)

    Airbnb

  • The Reservoir Home 3BR near Pickleball

    House · 3 bd · 2 ba · sleeps 7 · 0.7 mi

    Revenue $867ADR $123Occ ≈ 2%—

    Delisted

  • * * *Casa Vereda (Trail House)* * *

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

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $51,777ADR $213Occ ≈ 67%4.8★ (149)

    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

$46,702

NOI

$24,035

Cash flow /mo

$2,003

Cash needed

$352,196

Cash-on-cash (all cash)

6.8%

ROE (yr 1)

9.5%

Cap rate

7.5%

DSCR

—

Year-1 write-off

$96,917

Year-1 tax shield @ 32%

$31,014

Year-1 return on equity

  • Cash flow (annual)$24,035
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$9,597
ROE9.5%

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)$9,340
  • Platform fees (3% of revenue)$1,401
  • Maintenance / capex (5% of revenue)$2,335
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,999
  • Insurance (STR-rated)$1,871

Cash needed to close

  • Purchase price (all cash)$319,900
  • Closing costs (4.0%)$12,796
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$31,014

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

$251,000

Short-life (5/15-yr)

$77,000 · 31%

Year-1 deduction

$97,000

Year-1 tax shield @ 32%

$31,000

Land 22% (county tax record, assessed value split) · building $174,000 over 39 years · new furniture $20,000

Based on: 1,230 sq ft, built 1961, 3 bd / 2 ba, unfurnished, listing features (fence, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $76,000 in year 1 (23% short-life, $24,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$68,300

  • Kitchen cabinetsdefault

    $8,500 new × 40% good × 2.50 allocation

    $8,500

  • Kitchen countertopsdefault

    $7,000 new × 40% good × 2.50 allocation

    $7,000

  • Decorative trimdefault

    $2,200 new × 40% good × 2.50 allocation

    $2,200

  • Mirrorsdefault

    $300 new × 40% good × 2.50 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.50 allocation

    $1,200

  • Window coverings (12)default

    $3,000 new × 40% good × 2.50 allocation

    $3,000

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

    $7,900 new × 40% good × 2.50 allocation

    $7,900

  • Kitchen & laundry equipment plumbingdefault

    $6,600 new × 40% good × 2.50 allocation

    $6,600

  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 40% good × 2.50 allocation

    $4,000

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

    $8,100 new × 40% good × 2.50 allocation

    $8,100

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$28,400

  • Paving: driveway & walks (paved)default

    $7,300 new × 50% good × 2.50 allocation

    $9,100

  • Landscaping (typical)default

    $7,000 new × 50% good × 2.50 allocation

    $8,800

  • Patiosdefault

    $1,200 new × 50% good × 2.50 allocation

    $1,500

  • Decks & porches (attached)default

    $1,200 new × 50% good × 2.50 allocation

    $1,500

  • Fencinglisting

    $6,000 new × 50% good × 2.50 allocation

    $7,500
Building, 39-year$173,700

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

    $132,900 new × 40% good × 2.50 allocation

    $133,100

  • Building plumbing & fixturesdefault

    $13,800 new × 40% good × 2.50 allocation

    $13,800

  • Building electrical & lightingdefault

    $12,900 new × 40% good × 2.50 allocation

    $12,900

  • HVACdefault

    $13,900 new × 40% good × 2.50 allocation

    $13,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$68,300$28,400$200$96,900
2$0$0$4,500$4,500
3$0$0$4,500$4,500
4$0$0$4,500$4,500
5$0$0$4,500$4,500
6+$0$0$155,700$155,700
Total$68,300$28,400$173,700$270,500

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.