2089 Gold St
Redding, CA 96001
$239,000
3 bd · 1.5 ba · 1,303 sqft · Listed 12d ago
View on Realtor.com →Year built
1940
Sqft
1,303
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-09-17T21:15:36.000000Z
Revenue
Annual revenue
$13,575
ADR
$41
Occupancy
91%
Cleaning fees (12 mo)
$1,406
Confidence
Low (31.51), 12 comps
Comp revenue range (p25 / median / p75)
Updated-3 bd with garage - 30+ Day Rental
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $16,381ADR $94Occ ≈ 48%5★ (2)
Modern 3BR Extended Stay Retreat – 30+ Day
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $5,302ADR $96Occ ≈ 15%4.8★ (29)
Downtown Spanish Bungalow
House · 3 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $28,679ADR $129Occ ≈ 61%4.6★ (36)
Spanish Revival Bungalow in Downtown Redding
House · 3 bd · 1 ba · sleeps 5 · 0.5 mi
Revenue $7,092ADR $115Occ ≈ 17%5★ (1)
Downtown 3 bdrm Apt 4, close to cafes, supermarket
Apartment · 3 bd · 1 ba · sleeps 5 · 0.6 mi
Revenue $12,633ADR $79Occ ≈ 44%—
Convenient Downtown 3 bdrm Apt #3
Apartment · 3 bd · 1 ba · sleeps 5 · 0.7 mi
Revenue $22,271ADR $82Occ ≈ 74%5★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Chestnut Hill - a Downtown Charmer House | 3 bd · 1 ba · sleeps 6 | $4,203 | $545 | 2% | 4.8★ (34) | 0.2 mi | AirbnbVrbo |
Updated-3 bd with garage - 30+ Day Rental House | 3 bd · 2 ba · sleeps 6 | $16,381 | $94 | 48% | 5★ (2) | 0.3 mi | Airbnb |
Modern 3BR Extended Stay Retreat – 30+ Day House | 3 bd · 2 ba · sleeps 6 | $5,302 | $96 | 15% | 4.8★ (29) | 0.3 mi | Airbnb |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 0.3 mi | AirbnbVrbo |
Downtown Spanish Bungalow House | 3 bd · 1 ba · sleeps 4 | $28,679 | $129 | 61% | 4.6★ (36) | 0.4 mi | Airbnb |
Spanish Revival Bungalow in Downtown Redding House | 3 bd · 1 ba · sleeps 5 | $7,092 | $115 | 17% | 5★ (1) | 0.5 mi | Vrbo |
Downtown 3 bdrm Apt 4, close to cafes, supermarket Apartment | 3 bd · 1 ba · sleeps 5 | $12,633 | $79 | 44% | — | 0.6 mi | Airbnb |
Aloha House House | 3 bd · 2 ba · sleeps 6 | $34,666 | $156 | 61% | 4.8★ (166) | 0.7 mi | Airbnb |
Convenient Downtown 3 bdrm Apt #3 Apartment | 3 bd · 1 ba · sleeps 5 | $22,271 | $82 | 74% | 5★ (4) | 0.7 mi | Airbnb |
3 bdrm, downtown near hospitals & cafes. Apt 1. Apartment | 3 bd · 1 ba · sleeps 5 | $11,288 | $80 | 39% | 4.7★ (3) | 0.7 mi | AirbnbVrbo |
Show all 12 comps
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
$13,575
NOI
$1,547
Cash flow /mo
$129
Cash needed
$268,060
Cash-on-cash (all cash)
0.6%
ROE (yr 1)
3.3%
Cap rate
0.6%
DSCR
—
Year-1 write-off
$72,637
Year-1 tax shield @ 32%
$23,244
Year-1 return on equity
- Cash flow (annual)$1,547
- Principal paydown (n/a, cash)$0
- Appreciation at%$7,170
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$2,715
- Platform fees (3% of revenue)$407
- Maintenance / capex (5% of revenue)$679
- Utilities & supplies$4,200
- HOA$0
- Property tax$2,988
- Insurance (STR-rated)$1,398
Cash needed to close
- Purchase price (all cash)$239,000
- Closing costs (4.0%)$9,560
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$23,244
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
$188,000
Short-life (5/15-yr)
$53,000 · 28%
Year-1 deduction
$73,000
Year-1 tax shield @ 32%
$23,000
Land 21% (county tax record, assessed value split) · building $136,000 over 39 years · new furniture $20,000
Based on: 1,303 sq ft, built 1940, 3 bd / 1.5 ba, unfurnished, listing features (flooring types).
IRS-guide safe-harbor floor: $57,000 in year 1 (20% short-life, $18,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,400
Kitchen cabinetsdefault
$8,700 new × 40% good × 1.84 allocation
- $5,200
Kitchen countertopsdefault
$7,100 new × 40% good × 1.84 allocation
- $1,700
Decorative trimdefault
$2,300 new × 40% good × 1.84 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.84 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.84 allocation
- $2,400
Window coverings (13)default
$3,300 new × 40% good × 1.84 allocation
- $6,200
Carpet, vinyl & laminate (100% of floors)listing
$8,400 new × 40% good × 1.84 allocation
- $5,000
Kitchen & laundry equipment plumbingdefault
$6,700 new × 40% good × 1.84 allocation
- $3,000
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 40% good × 1.84 allocation
- $6,000
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.84 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,900
Paving: driveway & walks (paved)default
$7,500 new × 50% good × 1.84 allocation
- $6,600
Landscaping (typical)default
$7,200 new × 50% good × 1.84 allocation
- $1,200
Patiosdefault
$1,300 new × 50% good × 1.84 allocation
- $1,200
Decks & porches (attached)default
$1,300 new × 50% good × 1.84 allocation
- $104,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$141,000 new × 40% good × 1.84 allocation
- $10,800
Building plumbing & fixturesdefault
$14,600 new × 40% good × 1.84 allocation
- $10,200
Building electrical & lightingdefault
$13,800 new × 40% good × 1.84 allocation
- $10,800
HVACdefault
$14,700 new × 40% good × 1.84 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $56,300 | $15,900 | $400 | $72,600 |
| 2 | $0 | $0 | $3,500 | $3,500 |
| 3 | $0 | $0 | $3,500 | $3,500 |
| 4 | $0 | $0 | $3,500 | $3,500 |
| 5 | $0 | $0 | $3,500 | $3,500 |
| 6+ | $0 | $0 | $121,400 | $121,400 |
| Total | $56,300 | $15,900 | $135,700 | $207,900 |
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.