1278 Bonhurst Dr
Redding, CA 96003
$449,900
4 bd · 3 ba · 2,163 sqft · Listed 12d ago
View on Realtor.com →Year built
2002
Sqft
2,163
Lot sqft
9,583
HOA / mo
$0
Furnished
No
List date
2026-09-17T21:11:24.000000Z
Revenue
Annual revenue
$42,949
ADR
$192
Occupancy
61%
Cleaning fees (12 mo)
$6,909
Confidence
Low (2.23), 9 comps
Comp revenue range (p25 / median / p75)
Prime Estate: 4BR Spacious Luxury & Forest Views
House · 4 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $3,739ADR $233Occ ≈ 4%5★ (1)
Upscale Spacious Home Best Neighbhd 30 Day Minimum
House · 4 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $12,745ADR $133Occ ≈ 26%—
4BR Retreat - Pool & Sauna on site
House · 4 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $29,671ADR $314Occ ≈ 26%4.5★ (13)
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $6,713ADR $555Occ ≈ 3%—
Large Home / privacy/desirable neighborhood /Views
House · 4 bd · 2.5 ba · sleeps 9 · 0.6 mi
Revenue $7,233ADR $183Occ ≈ 11%5★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding Home w/ Patio Near Fishing! House | 4 bd · 2 ba · sleeps 8 | $56,243 | $215 | 72% | 4.9★ (57) | 505 ft | AirbnbVrboBooking |
Ohana Landing : ! Heated Pool ! Waters\ide* Spa* House | 4 bd · 2.5 ba · sleeps 10 | $76,622 | $494 | 42% | 4.9★ (129) | 0.2 mi | AirbnbVrbo |
The Refuge at Diamond Ridge | Pool and Spa House | 4 bd · 2 ba · sleeps 10 | $38,395 | $494 | 21% | 4.9★ (17) | 0.3 mi | AirbnbVrbo |
Prime Estate: 4BR Spacious Luxury & Forest Views House | 4 bd · 2 ba · sleeps 8 | $3,739 | $233 | 4% | 5★ (1) | 0.4 mi | Airbnb |
Upscale Spacious Home Best Neighbhd 30 Day Minimum House | 4 bd · 2 ba · sleeps 6 | $12,745 | $133 | 26% | — | 0.4 mi | Airbnb |
Family Escape | Dog Friendly + Hot Tub + Fire Pit House | 4 bd · 2 ba · sleeps 8 | $7,056 | $588 | 3% | 4.8★ (37) | 0.5 mi | AirbnbVrbo |
Sunny Pines | Pool & Spa+Central House | 4 bd · 2 ba · sleeps 10 | $94,126 | $479 | 54% | 4.9★ (25) | 0.5 mi | AirbnbVrbo |
4BR Retreat - Pool & Sauna on site House | 4 bd · 2 ba · sleeps 6 | $29,671 | $314 | 26% | 4.5★ (13) | 0.5 mi | Airbnb |
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR Vacation home | 4 bd · 2 ba · sleeps 8 | $6,713 | $555 | 3% | — | 0.6 mi | Booking |
Large Home / privacy/desirable neighborhood /Views House | 4 bd · 2.5 ba · sleeps 9 | $7,233 | $183 | 11% | 5★ (4) | 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
Est. revenue
$42,949
NOI
$19,142
Cash flow /mo
$1,595
Cash needed
$490,896
Cash-on-cash (all cash)
3.9%
ROE (yr 1)
6.6%
Cap rate
4.3%
DSCR
—
Year-1 write-off
$89,223
Year-1 tax shield @ 32%
$28,551
Year-1 return on equity
- Cash flow (annual)$19,142
- Principal paydown (n/a, cash)$0
- Appreciation at%$13,497
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,590
- Platform fees (3% of revenue)$1,288
- Maintenance / capex (5% of revenue)$2,147
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,624
- Insurance (STR-rated)$2,632
Cash needed to close
- Purchase price (all cash)$449,900
- Closing costs (4.0%)$17,996
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,551
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
$370,000
Short-life (5/15-yr)
$65,000 · 18%
Year-1 deduction
$89,000
Year-1 tax shield @ 32%
$29,000
Land 18% (county tax record, assessed value split) · building $305,000 over 39 years · new furniture $23,000
Based on: 2,163 sq ft, built 2002, 4 bd / 3 ba, unfurnished, listing features (fence, fireplace, flooring types).
IRS-guide safe-harbor floor: $71,000 in year 1 (13% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,100
Kitchen cabinetsdefault
$10,500 new × 40% good × 1.69 allocation
- $5,800
Kitchen countertopsdefault
$8,600 new × 40% good × 1.69 allocation
- $2,600
Decorative trimdefault
$3,800 new × 40% good × 1.69 allocation
- $300
Mirrorsdefault
$500 new × 40% good × 1.69 allocation
- $1,000
Shelvingdefault
$1,500 new × 40% good × 1.69 allocation
- $3,700
Window coverings (22)default
$5,500 new × 40% good × 1.69 allocation
- $3,100
Carpet, vinyl & laminate (33% of floors)listing
$4,600 new × 40% good × 1.69 allocation
- $7,200
Kitchen & laundry equipment plumbingdefault
$8,200 new × 52% good × 1.69 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$5,000 new × 52% good × 1.69 allocation
- $5,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.69 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $8,100
Paving: driveway & walks (paved)default
$9,600 new × 50% good × 1.69 allocation
- $7,800
Landscaping (typical)default
$9,300 new × 50% good × 1.69 allocation
- $1,800
Patiosdefault
$2,100 new × 50% good × 1.69 allocation
- $1,800
Decks & porches (attached)default
$2,100 new × 50% good × 1.69 allocation
- $5,100
Fencinglisting
$6,000 new × 50% good × 1.69 allocation
- $237,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$234,400 new × 60% good × 1.69 allocation
- $21,400
Building plumbing & fixturesdefault
$24,400 new × 52% good × 1.69 allocation
- $21,600
Building electrical & lightingdefault
$24,700 new × 52% good × 1.69 allocation
- $16,400
HVACdefault
$24,400 new × 40% good × 1.69 allocation
- $6,300
Hardwood & tile floorsdefault
$9,300 new × 40% good × 1.69 allocation
- $1,800
Fireplacelisting
$2,600 new × 40% good × 1.69 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $63,600 | $24,600 | $1,000 | $89,200 |
| 2 | $0 | $0 | $7,800 | $7,800 |
| 3 | $0 | $0 | $7,800 | $7,800 |
| 4 | $0 | $0 | $7,800 | $7,800 |
| 5 | $0 | $0 | $7,800 | $7,800 |
| 6+ | $0 | $0 | $272,400 | $272,400 |
| Total | $63,600 | $24,600 | $304,600 | $392,900 |
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.