3405 West St
Redding, CA 96001
$310,000
3 bd · 1 ba · 918 sqft · Listed 24d ago
View on Realtor.com →Year built
1980
Sqft
918
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-09-05T23:29:36.000000Z
Revenue
Annual revenue
$34,199
ADR
$108
Occupancy
87%
Cleaning fees (12 mo)
$3,843
Confidence
Low (29.61), 5 comps
Comp revenue range (p25 / median / p75)
"Newly renovated Westside bungalow"
Bungalow · 3 bd · 1 ba · sleeps 4 · 381 ft
Revenue $39,072ADR $126Occ ≈ 85%5★ (167)
Peaceful 3BR Near Hospitals, Trails, and Downtown
House · 3 bd · 2 ba · sleeps 4 · 0.5 mi
Revenue $8,234ADR $85Occ ≈ 27%—
Newly Renovated Modern Home
House · 3 bd · 1 ba · sleeps 6 · 0.7 mi
Revenue $19,097ADR $83Occ ≈ 63%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
"Newly renovated Westside bungalow" Bungalow | 3 bd · 1 ba · sleeps 4 | $39,072 | $126 | 85% | 5★ (167) | 381 ft | Airbnb |
Modern Home | Bright Spacious Full Kitchen Garage House | 3 bd · 2 ba · sleeps 6 | $53,849 | $181 | 82% | 4.8★ (130) | 0.4 mi | AirbnbVrboBooking |
Peaceful 3BR Near Hospitals, Trails, and Downtown House | 3 bd · 2 ba · sleeps 4 | $8,234 | $85 | 27% | — | 0.5 mi | Airbnb |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 0.6 mi | AirbnbVrbo |
Newly Renovated Modern Home House | 3 bd · 1 ba · sleeps 6 | $19,097 | $83 | 63% | — | 0.7 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
Est. revenue
$34,199
NOI
$15,200
Cash flow /mo
$1,267
Cash needed
$341,900
Cash-on-cash (all cash)
4.4%
ROE (yr 1)
7.2%
Cap rate
4.9%
DSCR
—
Year-1 write-off
$99,400
Year-1 tax shield @ 32%
$31,808
Year-1 return on equity
- Cash flow (annual)$15,200
- Principal paydown (n/a, cash)$0
- Appreciation at%$9,300
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,840
- Platform fees (3% of revenue)$1,026
- Maintenance / capex (5% of revenue)$1,710
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,875
- Insurance (STR-rated)$1,814
Cash needed to close
- Purchase price (all cash)$310,000
- Closing costs (4.0%)$12,400
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$31,808
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
$229,000
Short-life (5/15-yr)
$79,000 · 35%
Year-1 deduction
$99,000
Year-1 tax shield @ 32%
$32,000
Land 26% (county tax record, assessed value split) · building $149,000 over 39 years · new furniture $20,000
Based on: 918 sq ft, built 1980, 3 bd / 1 ba, unfurnished, listing features (fence, flooring types).
IRS-guide safe-harbor floor: $78,000 in year 1 (25% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,100
Kitchen cabinetsdefault
$7,800 new × 40% good × 2.91 allocation
- $7,400
Kitchen countertopsdefault
$6,400 new × 40% good × 2.91 allocation
- $1,900
Decorative trimdefault
$1,600 new × 40% good × 2.91 allocation
- $200
Mirrorsdefault
$200 new × 40% good × 2.91 allocation
- $1,400
Shelvingdefault
$1,200 new × 40% good × 2.91 allocation
- $2,600
Window coverings (9)default
$2,300 new × 40% good × 2.91 allocation
- $6,900
Carpet, vinyl & laminate (100% of floors)listing
$5,900 new × 40% good × 2.91 allocation
- $7,100
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 2.91 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 2.91 allocation
- $9,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.91 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,100
Paving: driveway & walks (paved)default
$6,300 new × 50% good × 2.91 allocation
- $8,800
Landscaping (typical)default
$6,000 new × 50% good × 2.91 allocation
- $1,300
Patiosdefault
$900 new × 50% good × 2.91 allocation
- $1,300
Decks & porches (attached)default
$900 new × 50% good × 2.91 allocation
- $8,700
Fencinglisting
$6,000 new × 50% good × 2.91 allocation
- $115,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$99,000 new × 40% good × 2.91 allocation
- $11,900
Building plumbing & fixturesdefault
$10,300 new × 40% good × 2.91 allocation
- $10,400
Building electrical & lightingdefault
$8,900 new × 40% good × 2.91 allocation
- $12,000
HVACdefault
$10,300 new × 40% good × 2.91 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $69,700 | $29,300 | $500 | $99,400 |
| 2 | $0 | $0 | $3,800 | $3,800 |
| 3 | $0 | $0 | $3,800 | $3,800 |
| 4 | $0 | $0 | $3,800 | $3,800 |
| 5 | $0 | $0 | $3,800 | $3,800 |
| 6+ | $0 | $0 | $133,500 | $133,500 |
| Total | $69,700 | $29,300 | $149,300 | $248,200 |
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 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.