1508 Whistling Dr
Redding, CA 96003
$395,000
3 bd · 2 ba · 1,387 sqft · Listed today
View on Realtor.com →Year built
1986
Sqft
1,387
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-10-06T00:24:18.000000Z
Revenue
Annual revenue
$31,493
ADR
$107
Occupancy
81%
Cleaning fees (12 mo)
$3,928
Confidence
High (83.77), 9 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $32,485Checking amenities for 9 listings…
Redding Escape for Large Family #2
Townhouse · 3 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $33,139ADR $180Occ ≈ 50%4.9★ (226)
Redding Escape for Large Family
Townhouse · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $32,958ADR $177Occ ≈ 51%4.9★ (234)
Old-Time Country Getaway in Redding
Townhouse · 3 bd · 2.5 ba · sleeps 8 · 0.4 mi
Revenue $28,111ADR $163Occ ≈ 47%4.9★ (135)
Large Redding Home Away From Home
House · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
Revenue $31,882ADR $140Occ ≈ 62%4.9★ (146)
Parkside 3BR Retreat • 2 Kings Beds • Near Bethel
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $31,417ADR $194Occ ≈ 44%4.8★ (6)
Cozy Redding Home Close to Just About Everything
House · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
Revenue $18,180ADR $137Occ ≈ 36%4.8★ (182)
Relaxing Home 15 mins to Lake
House · 3 bd · 2.5 ba · sleeps 6 · 0.5 mi
Revenue $34,016ADR $132Occ ≈ 71%4.9★ (36)
Warm and Cozy Redding Home
House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi
Revenue $32,485ADR $142Occ ≈ 63%4.9★ (230)
Comfort 4 mins Bethel · 3B/2B · Laundry · BBQ ·Pet
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $33,318ADR $131Occ ≈ 70%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding Escape for Large Family #2 Townhouse | 3 bd · 2 ba · sleeps 6 | $33,139 | $180 | 50% | 4.9★ (226) | 0.2 mi | Airbnb |
Redding Escape for Large Family Townhouse | 3 bd · 2 ba · sleeps 6 | $32,958 | $177 | 51% | 4.9★ (234) | 0.3 mi | Airbnb |
Old-Time Country Getaway in Redding Townhouse | 3 bd · 2.5 ba · sleeps 8 | $28,111 | $163 | 47% | 4.9★ (135) | 0.4 mi | Airbnb |
Large Redding Home Away From Home House | 3 bd · 2.5 ba · sleeps 8 | $31,882 | $140 | 62% | 4.9★ (146) | 0.5 mi | Airbnb |
Parkside 3BR Retreat • 2 Kings Beds • Near Bethel House | 3 bd · 2 ba · sleeps 6 | $31,417 | $194 | 44% | 4.8★ (6) | 0.5 mi | Airbnb |
Cozy Redding Home Close to Just About Everything House | 3 bd · 2.5 ba · sleeps 8 | $18,180 | $137 | 36% | 4.8★ (182) | 0.5 mi | Airbnb |
Relaxing Home 15 mins to Lake House | 3 bd · 2.5 ba · sleeps 6 | $34,016 | $132 | 71% | 4.9★ (36) | 0.5 mi | Airbnb |
Warm and Cozy Redding Home House | 3 bd · 2.5 ba · sleeps 8 | $32,485 | $142 | 63% | 4.9★ (230) | 0.6 mi | Airbnb |
Comfort 4 mins Bethel · 3B/2B · Laundry · BBQ ·Pet House | 3 bd · 2 ba · sleeps 6 | $33,318 | $131 | 70% | — | 0.6 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
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$31,493
NOI
$11,819
Cash flow /mo
-$1,195
Cash needed
$134,050
Cash-on-cash
-10.7%
ROE (yr 1)
-0.0%
Cap rate
3.0%
DSCR
0.45
Year-1 write-off
$108,182
Year-1 tax shield @ 32%
$34,618
Year-1 return on equity
- Cash flow (annual)-$14,341
- Principal paydown$2,460
- Appreciation at%$11,850
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)$6,299
- Platform fees (3% of revenue)$945
- Maintenance / capex (5% of revenue)$1,575
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,938
- Insurance (STR-rated)$2,311
Cash needed to close
- Down payment (25%)$98,750
- Closing costs (4.0%)$15,800
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$34,618
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
$294,000
Short-life (5/15-yr)
$88,000 · 30%
Year-1 deduction
$108,000
Year-1 tax shield @ 32%
$35,000
Land 25% (county tax record, assessed value split) · building $206,000 over 39 years · new furniture $20,000
Based on: 1,387 sq ft, built 1986, 3 bd / 2 ba, unfurnished, listing features (deck, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $68,000 in year 1 (16% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,000
Kitchen cabinetsdefault
$8,800 new × 40% good × 2.53 allocation
- $7,300
Kitchen countertopsdefault
$7,200 new × 40% good × 2.53 allocation
- $2,500
Decorative trimdefault
$2,400 new × 40% good × 2.53 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.53 allocation
- $1,200
Shelvingdefault
$1,200 new × 40% good × 2.53 allocation
- $3,500
Window coverings (14)default
$3,500 new × 40% good × 2.53 allocation
- $4,500
Carpet, vinyl & laminate (50% of floors)listing
$4,500 new × 40% good × 2.53 allocation
- $7,000
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 2.53 allocation
- $4,200
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 2.53 allocation
- $8,200
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.53 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,800
Paving: driveway & walks (paved)default
$7,700 new × 50% good × 2.53 allocation
- $9,400
Landscaping (typical)default
$7,400 new × 50% good × 2.53 allocation
- $1,700
Patiosdefault
$1,400 new × 50% good × 2.53 allocation
- $19,800
Decks & porches (attached)listing
$15,600 new × 50% good × 2.53 allocation
- $152,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$150,100 new × 40% good × 2.53 allocation
- $15,800
Building plumbing & fixturesdefault
$15,600 new × 40% good × 2.53 allocation
- $15,100
Building electrical & lightingdefault
$14,900 new × 40% good × 2.53 allocation
- $15,800
HVACdefault
$15,600 new × 40% good × 2.53 allocation
- $4,500
Hardwood & tile floorsdefault
$4,500 new × 40% good × 2.53 allocation
- $2,700
Fireplacelisting
$2,600 new × 40% good × 2.53 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,300 | $40,700 | $200 | $108,200 |
| 2 | $0 | $0 | $5,300 | $5,300 |
| 3 | $0 | $0 | $5,300 | $5,300 |
| 4 | $0 | $0 | $5,300 | $5,300 |
| 5 | $0 | $0 | $5,300 | $5,300 |
| 6+ | $0 | $0 | $184,700 | $184,700 |
| Total | $67,300 | $40,700 | $206,000 | $314,000 |
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.