2175 Tradition Way
Redding, CA 96001
$599,000
3 bd · 2.5 ba · 2,607 sqft · Listed 1d ago
View on Realtor.com →Year built
2002
Sqft
2,607
Lot sqft
13,504
HOA / mo
$0
Furnished
No
List date
2026-10-20T16:30:16.000000Z
Revenue
Annual revenue
$35,532
ADR
$120
Occupancy
81%
Cleaning fees (12 mo)
$5,244
Confidence
Low (36.39), 5 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $34,758
"Newly renovated Westside bungalow"
Bungalow · 3 bd · 1 ba · sleeps 4 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $38,961ADR $125Occ ≈ 85%5★ (169)
2 bed/1.5 bath townhouse apartment, by hospital
Apartment · 2 bd · 1.5 ba · sleeps 4 · 0.7 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $24,265ADR $75Occ ≈ 89%5★ (3)
Charming 2 Bed, 1 Bath Single Family Home
House · 2 bd · 1 ba · sleeps 3 · 0.7 mi
Revenue $34,758ADR $192Occ ≈ 50%4.5★ (2)
Peaceful & Beautiful Home
House · 2 bd · 4 ba · sleeps 1 · 0.7 mi
Revenue $1,695ADR $29Occ ≈ 16%—
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Starlight Retreat | Clean. Bright. Modern. House
| 3 bd · 2 ba · sleeps 6 | $54,695 | $181 | 83% | 4.8★ (136) | 0.2 mi | AirbnbVrboBooking |
"Newly renovated Westside bungalow" Bungalow
| 3 bd · 1 ba · sleeps 4 | $38,961 | $125 | 85% | 5★ (169) | 0.5 mi | Airbnb |
2 bed/1.5 bath townhouse apartment, by hospital Apartment
| 2 bd · 1.5 ba · sleeps 4 | $24,265 | $75 | 89% | 5★ (3) | 0.7 mi | Airbnb |
Charming 2 Bed, 1 Bath Single Family Home House | 2 bd · 1 ba · sleeps 3 | $34,758 | $192 | 50% | 4.5★ (2) | 0.7 mi | Airbnb |
Peaceful & Beautiful Home House | 2 bd · 4 ba · sleeps 1 | $1,695 | $29 | 16% | — | 0.7 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$35,532
NOI
$11,290
Cash flow /mo
-$2,403
Cash needed
$193,210
Cash-on-cash
-14.9%
ROE (yr 1)
-3.7%
Cap rate
1.9%
DSCR
0.28
Year-1 write-off
$165,413
Year-1 tax shield @ 32%
$52,932
Year-1 return on equity
- Cash flow (annual)-$28,833
- Principal paydown$3,643
- Appreciation at%$17,970
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)$7,106
- Platform fees (3% of revenue)$1,066
- Maintenance / capex (5% of revenue)$1,777
- Utilities & supplies$4,200
- HOA$0
- Property tax$7,488
- Insurance (STR-rated)$3,504
Cash needed to close
- Down payment (25%)$149,750
- Closing costs (4.0%)$23,960
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$52,932
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
$533,000
Short-life (5/15-yr)
$145,000 · 27%
Year-1 deduction
$165,000
Year-1 tax shield @ 32%
$53,000
Land 11% (county tax record, assessed value split) · building $388,000 over 39 years · new furniture $20,000
Based on: 2,607 sq ft, built 2002, 3 bd / 2.5 ba, unfurnished, listing features (pool, covered patio, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $144,000 in year 1 (23% short-life, $46,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,200
Kitchen cabinetsdefault
$11,500 new × 40% good × 1.78 allocation
- $6,700
Kitchen countertopsdefault
$9,400 new × 40% good × 1.78 allocation
- $3,200
Decorative trimdefault
$4,600 new × 40% good × 1.78 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.78 allocation
- $900
Shelvingdefault
$1,200 new × 40% good × 1.78 allocation
- $4,600
Window coverings (26)default
$6,500 new × 40% good × 1.78 allocation
- $4,800
Carpet, vinyl & laminate (40% of floors)listing
$6,700 new × 40% good × 1.78 allocation
- $8,300
Kitchen & laundry equipment plumbingdefault
$9,000 new × 52% good × 1.78 allocation
- $5,000
Kitchen, laundry & data equipment electricaldefault
$5,400 new × 52% good × 1.78 allocation
- $5,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.78 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,400
Paving: driveway & walks (paved)default
$10,600 new × 50% good × 1.78 allocation
- $9,100
Landscaping (typical)default
$10,200 new × 50% good × 1.78 allocation
- $19,100
Covered patiolisting
$21,500 new × 50% good × 1.78 allocation
- $2,300
Decks & porches (attached)default
$2,600 new × 50% good × 1.78 allocation
- $57,900
Pool (in-ground)listing
$65,000 new × 50% good × 1.78 allocation
- $302,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$283,400 new × 60% good × 1.78 allocation
- $27,200
Building plumbing & fixturesdefault
$29,400 new × 52% good × 1.78 allocation
- $28,100
Building electrical & lightingdefault
$30,300 new × 52% good × 1.78 allocation
- $20,900
HVACdefault
$29,400 new × 40% good × 1.78 allocation
- $7,200
Hardwood & tile floorsdefault
$10,100 new × 40% good × 1.78 allocation
- $1,900
Fireplacelisting
$2,600 new × 40% good × 1.78 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $67,200 | $97,800 | $400 | $165,400 |
| 2 | $0 | $0 | $9,900 | $9,900 |
| 3 | $0 | $0 | $9,900 | $9,900 |
| 4 | $0 | $0 | $9,900 | $9,900 |
| 5 | $0 | $0 | $9,900 | $9,900 |
| 6+ | $0 | $0 | $347,700 | $347,700 |
| Total | $67,200 | $97,800 | $387,900 | $552,900 |
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, 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.