STR Yield
← Back to deals
MortgageCash
910 Chamise Way

910 Chamise Way

Redding, CA 96002

$235,000

2 bd · 2.5 ba · 1,198 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceHigh HOA

Year built

1980

Sqft

1,198

Lot sqft

1,742

HOA / mo

$515

Furnished

No

List date

2026-10-26T22:45:29.000000Z

Revenue

Annual revenue

$23,307

ADR

$156

Occupancy

41%

Cleaning fees (12 mo)

$1,907

Confidence

Low (17.56), 5 comps

Comp revenue range (p25 / median / p75)

$3,352$20,768$24,405

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

Median revenue of shown comps: $20,768

  • Secure Garage | Central AC | Washer/Dryer

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

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

    Revenue $20,768ADR $305Occ ≈ 19%4.8★ (45)

    AirbnbVrboBooking

  • Bechelli Bungalow

    House · 2 bd · 2 ba · sleeps 5 · 0.4 mi

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

    Revenue $30,630ADR $125Occ ≈ 67%5★ (3)

    Airbnb

  • The Reservoir Home 3BR near Pickleball

    House · 3 bd · 2 ba · sleeps 7 · 0.6 mi

    Revenue $867ADR $123Occ ≈ 2%—

    Delisted

  • * WOW* A Slice of Heaven GetAway 4 beds

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

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

    Revenue $24,405ADR $132Occ ≈ 51%5★ (8)

    AirbnbVrbo

  • *Wow A Slice of Heaven Get Away

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $3,352ADR $151Occ ≈ 6%—

    Delisted

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

$23,307

NOI

$2,441

Cash flow /mo

$203

Cash needed

$260,400

Cash-on-cash (all cash)

0.9%

ROE (yr 1)

3.6%

Cap rate

1.0%

DSCR

—

Year-1 write-off

$55,133

Year-1 tax shield @ 32%

$17,643

Year-1 return on equity

  • Cash flow (annual)$2,441
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$7,050
ROE3.6%

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)$4,661
  • Platform fees (3% of revenue)$699
  • Maintenance / capex (5% of revenue)$1,165
  • Utilities & supplies$4,200
  • HOA$6,180
  • Property tax$2,938
  • Insurance (STR-rated)$1,375

Cash needed to close

  • Purchase price (all cash)$235,000
  • Closing costs (4.0%)$9,400
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$17,643

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

$179,000

Short-life (5/15-yr)

$39,000 · 22%

Year-1 deduction

$55,000

Year-1 tax shield @ 32%

$18,000

Land 24% (county tax record, assessed value split) · building $140,000 over 39 years · new furniture $16,000

Based on: 1,198 sq ft, built 1980, 2 bd / 2.5 ba, unfurnished, listing features (patio, fireplace, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $40,000 in year 1 (13% short-life, $13,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$55,000

  • Kitchen cabinetsdefault

    $8,400 new × 40% good × 2.03 allocation

    $6,900

  • Kitchen countertopsdefault

    $6,900 new × 40% good × 2.03 allocation

    $5,600

  • Decorative trimdefault

    $2,100 new × 40% good × 2.03 allocation

    $1,700

  • Mirrorsdefault

    $300 new × 40% good × 2.03 allocation

    $200

  • Shelvingdefault

    $900 new × 40% good × 2.03 allocation

    $700

  • Window coverings (12)default

    $3,000 new × 40% good × 2.03 allocation

    $2,400

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

    $7,700 new × 40% good × 2.03 allocation

    $6,300

  • Kitchen & laundry equipment plumbingdefault

    $6,600 new × 40% good × 2.03 allocation

    $5,300

  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 40% good × 2.03 allocation

    $3,200

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

    $8,100 new × 40% good × 2.03 allocation

    $6,600

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
Building, 39-year$139,600

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

    $129,700 new × 40% good × 2.03 allocation

    $105,500

  • Building plumbing & fixturesdefault

    $13,400 new × 40% good × 2.03 allocation

    $10,900

  • Building electrical & lightingdefault

    $12,500 new × 40% good × 2.03 allocation

    $10,100

  • HVACdefault

    $13,500 new × 40% good × 2.03 allocation

    $11,000

  • Fireplacelisting

    $2,600 new × 40% good × 2.03 allocation

    $2,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$55,000$0$100$55,100
2$0$0$3,600$3,600
3$0$0$3,600$3,600
4$0$0$3,600$3,600
5$0$0$3,600$3,600
6+$0$0$125,100$125,100
Total$55,000$0$139,600$194,600

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.