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3849 Palm Springs Dr

3849 Palm Springs Dr

Redding, CA 96002

$560,000

3 bd · 3.5 ba · 2,354 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

2010

Sqft

2,354

Lot sqft

13,939

HOA / mo

$0

Furnished

No

List date

2026-10-03T20:53:47.000000Z

Revenue

Annual revenue

$96,330

ADR

$441

Occupancy

60%

Cleaning fees (12 mo)

$15,055

Confidence

Low (3.1), 7 comps

Comp revenue range (p25 / median / p75)

$6,663$49,718$110,402

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

Median revenue of shown comps: $49,718

  • The W Resort Outdoor Kitchen Pool Hot Tub Oasis

    House · 4 bd · 2.5 ba · sleeps 10 · 0.3 mi

    Revenue $140,115ADR $610Occ ≈ 63%4.8★ (37)

    AirbnbVrbo

  • House+ADU+Pool + RV/Boat Parking

    House · 4 bd · 3 ba · sleeps 10 · 0.9 mi

    Revenue $1,078ADR $433Occ ≈ 1%5★ (1)

    Airbnb

  • Ballpark

    House · 3 bd · 2.5 ba · sleeps 6 · 1.2 mi

    Revenue $7,107ADR $197Occ ≈ 10%—

    Airbnb

  • Pool | HT | Sauna | Gym | Central | Luxe Linens

    House · 4 bd · 3.5 ba · sleeps 8 · 1.3 mi

    Revenue $108,207ADR $500Occ ≈ 59%5★ (49)

    AirbnbVrbo

  • La Rinconada Place

    Vacation home · 4 bd · 4 ba · sleeps 8 · 1.3 mi

    Revenue $112,596ADR $509Occ ≈ 61%5★ (2)

    Booking

  • Comfy home + great outside space - 30 day

    House · 3 bd · 2.5 ba · sleeps 7 · 1.8 mi

    Revenue $6,219ADR $87Occ ≈ 20%—

    Airbnb

  • Jacob's Well, 2 King BR, 6 Twins, 3 Baths w/ Pool

    House · 4 bd · 3 ba · sleeps 10 · 2.0 mi

    Revenue $49,718ADR $370Occ ≈ 37%4.8★ (157)

    AirbnbVrboBooking

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

$96,330

NOI

$55,722

Cash flow /mo

$4,643

Cash needed

$607,900

Cash-on-cash (all cash)

9.2%

ROE (yr 1)

11.9%

Cap rate

10.0%

DSCR

—

Year-1 write-off

$97,826

Year-1 tax shield @ 32%

$31,304

Year-1 return on equity

  • Cash flow (annual)$55,722
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$16,800
ROE11.9%

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)$19,266
  • Platform fees (3% of revenue)$2,890
  • Maintenance / capex (5% of revenue)$4,817
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$7,000
  • Insurance (STR-rated)$3,276

Cash needed to close

  • Purchase price (all cash)$560,000
  • Closing costs (4.0%)$22,400
  • Furnishing (bought new)$25,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$31,304

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

$483,000

Short-life (5/15-yr)

$72,000 · 15%

Year-1 deduction

$98,000

Year-1 tax shield @ 32%

$31,000

Land 14% (county tax record, assessed value split) · building $411,000 over 39 years · new furniture $26,000

Based on: 2,354 sq ft, built 2010, 3 bd / 3.5 ba, unfurnished, listing features (game room, fireplace, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $78,000 in year 1 (11% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$74,200

  • Kitchen cabinetsdefault

    $11,000 new × 40% good × 1.72 allocation

    $7,600

  • Kitchen countertopsdefault

    $9,000 new × 40% good × 1.72 allocation

    $6,200

  • Decorative trimdefault

    $4,100 new × 40% good × 1.72 allocation

    $2,800

  • Mirrorsdefault

    $500 new × 40% good × 1.72 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 1.72 allocation

    $800

  • Window coverings (24)default

    $6,000 new × 40% good × 1.72 allocation

    $4,100

  • Carpet, vinyl & laminate (50% of floors)listing

    $7,600 new × 40% good × 1.72 allocation

    $5,200

  • Kitchen & laundry equipment plumbingdefault

    $8,500 new × 68% good × 1.72 allocation

    $10,000

  • Kitchen, laundry & data equipment electricaldefault

    $5,200 new × 68% good × 1.72 allocation

    $6,000

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

    $8,100 new × 40% good × 1.72 allocation

    $5,600

  • Furniture bought newlisting

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

    $19,500

  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$23,200

  • Paving: driveway & walks (paved)default

    $12,600 new × 50% good × 1.72 allocation

    $10,800

  • Landscaping (typical)default

    $9,700 new × 50% good × 1.72 allocation

    $8,300

  • Patiosdefault

    $2,300 new × 50% good × 1.72 allocation

    $2,000

  • Decks & porches (attached)default

    $2,300 new × 50% good × 1.72 allocation

    $2,000
Building, 39-year$411,300

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

    $255,600 new × 73% good × 1.72 allocation

    $323,100

  • Building plumbing & fixturesdefault

    $26,500 new × 68% good × 1.72 allocation

    $31,100

  • Building electrical & lightingdefault

    $27,100 new × 68% good × 1.72 allocation

    $31,800

  • HVACdefault

    $26,500 new × 40% good × 1.72 allocation

    $18,300

  • Hardwood & tile floorsdefault

    $7,600 new × 40% good × 1.72 allocation

    $5,200

  • Fireplacelisting

    $2,600 new × 40% good × 1.72 allocation

    $1,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$74,200$23,200$400$97,800
2$0$0$10,500$10,500
3$0$0$10,500$10,500
4$0$0$10,500$10,500
5$0$0$10,500$10,500
6+$0$0$368,600$368,600
Total$74,200$23,200$411,300$508,600

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.