1945 Hardenbrook Ave
Shasta Lake, CA 96019
$339,000
2 bd · 1 ba · 930 sqft · Listed 13d ago
View on Realtor.com →Year built
1951
Sqft
930
Lot sqft
108,900
HOA / mo
$0
Furnished
No
List date
2026-09-16T22:50:27.000000Z
Revenue
Annual revenue
$29,577
ADR
$137
Occupancy
59%
Cleaning fees (12 mo)
$3,873
Confidence
Low (—), 3 comps
Comp revenue range (p25 / median / p75)
Sunny California Retreat w/ Pool Access & Patio!
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.5 mi
Revenue $25,344ADR $130Occ ≈ 53%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Lounge + Lake House | 2 bd · 1 ba · sleeps 4 | $27,253 | $148 | 50% | 4.9★ (66) | 518 ft | AirbnbVrbo |
Sunny California Retreat w/ Pool Access & Patio! Vacation home | 2 bd · 1 ba · sleeps 4 | $25,344 | $130 | 53% | 5★ (1) | 0.5 mi | Booking |
The Birdhouse At Shasta Lake House | 2 bd · 1 ba · sleeps 4 | $27,710 | $173 | 44% | 4.7★ (26) | 0.7 mi | 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
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$29,577
NOI
$11,383
Cash flow /mo
-$878
Cash needed
$114,310
Cash-on-cash
-9.2%
ROE (yr 1)
1.6%
Cap rate
3.4%
DSCR
0.52
Year-1 write-off
$110,703
Year-1 tax shield @ 32%
$35,425
Year-1 return on equity
- Cash flow (annual)-$10,538
- Principal paydown$2,218
- Appreciation at%$10,170
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$5,915
- Platform fees (3% of revenue)$887
- Maintenance / capex (5% of revenue)$1,479
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,238
- Insurance (STR-rated)$1,983
Cash needed to close
- Down payment (25%)$84,750
- Closing costs (4.0%)$13,560
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$35,425
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
$254,000
Short-life (5/15-yr)
$94,000 · 37%
Year-1 deduction
$111,000
Year-1 tax shield @ 32%
$35,000
Land 25% (county tax record, assessed value split) · building $160,000 over 39 years · new furniture $16,000
Based on: 930 sq ft, built 1951, 2 bd / 1 ba, unfurnished, listing features (covered patio, fence, flooring types).
IRS-guide safe-harbor floor: $89,000 in year 1 (28% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,600
Kitchen cabinetsdefault
$7,800 new × 40% good × 3.07 allocation
- $7,900
Kitchen countertopsdefault
$6,400 new × 40% good × 3.07 allocation
- $2,000
Decorative trimdefault
$1,600 new × 40% good × 3.07 allocation
- $200
Mirrorsdefault
$200 new × 40% good × 3.07 allocation
- $1,100
Shelvingdefault
$900 new × 40% good × 3.07 allocation
- $2,800
Window coverings (9)default
$2,300 new × 40% good × 3.07 allocation
- $7,300
Carpet, vinyl & laminate (100% of floors)listing
$6,000 new × 40% good × 3.07 allocation
- $7,500
Kitchen & laundry equipment plumbingdefault
$6,100 new × 40% good × 3.07 allocation
- $4,500
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 3.07 allocation
- $9,900
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 3.07 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $9,700
Paving: driveway & walks (paved)default
$6,300 new × 50% good × 3.07 allocation
- $9,300
Landscaping (typical)default
$6,100 new × 50% good × 3.07 allocation
- $11,800
Covered patiolisting
$7,700 new × 50% good × 3.07 allocation
- $1,400
Decks & porches (attached)default
$900 new × 50% good × 3.07 allocation
- $9,200
Fencinglisting
$6,000 new × 50% good × 3.07 allocation
- $123,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$100,600 new × 40% good × 3.07 allocation
- $12,800
Building plumbing & fixturesdefault
$10,400 new × 40% good × 3.07 allocation
- $11,100
Building electrical & lightingdefault
$9,100 new × 40% good × 3.07 allocation
- $12,900
HVACdefault
$10,500 new × 40% good × 3.07 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,800 | $41,400 | $500 | $110,700 |
| 2 | $0 | $0 | $4,100 | $4,100 |
| 3 | $0 | $0 | $4,100 | $4,100 |
| 4 | $0 | $0 | $4,100 | $4,100 |
| 5 | $0 | $0 | $4,100 | $4,100 |
| 6+ | $0 | $0 | $143,100 | $143,100 |
| Total | $68,800 | $41,400 | $160,100 | $270,300 |
The building's share of the price ($254,000) is 3.1x our depreciated replacement cost of the home ($83,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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.