755 Lake Blvd
Redding, CA 96003
$425,000
4 bd · 2.5 ba · 2,262 sqft · Listed 19d ago
View on Realtor.com →Year built
1959
Sqft
2,262
Lot sqft
53,579
HOA / mo
$0
Furnished
No
List date
2026-09-10T23:53:42.000000Z
Revenue
Annual revenue
$58,974
ADR
$228
Occupancy
71%
Cleaning fees (12 mo)
$12,485
Confidence
Low (42.88), 14 comps
Comp revenue range (p25 / median / p75)
The Charming Ridge House
House · 4 bd · 2 ba · sleeps 8 · 1.4 mi
Revenue $3,360ADR $112Occ ≈ 8%—
*Pool+Lassen Views *entire house* 7beds, 4bedrooms
House · 4 bd · 2 ba · sleeps 8 · 1.5 mi
Revenue $43,815ADR $284Occ ≈ 42%4.9★ (18)
Large Home / privacy/desirable neighborhood /Views
House · 4 bd · 2.5 ba · sleeps 9 · 1.6 mi
Revenue $7,233ADR $183Occ ≈ 11%5★ (4)
Hanland House
Vacation home · 4 bd · 2 ba · sleeps 8 · 1.8 mi
Revenue $100,313ADR $353Occ ≈ 78%5★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Relax & Refresh Family Pool House w/ BBQ House | 4 bd · 2 ba · sleeps 10 | $68,137 | $236 | 79% | 5★ (280) | 0.3 mi | AirbnbVrbo |
The ARK Villa | Mountain Views | Pool Villa | 4 bd · 3 ba · sleeps 11 | $72,443 | $447 | 44% | 4.9★ (103) | 0.4 mi | AirbnbVrbo |
The Charming Ridge House House | 4 bd · 2 ba · sleeps 8 | $3,360 | $112 | 8% | — | 1.4 mi | Airbnb |
Modern 4BR Retreat | Hot Tub • BBQ • Boat Parking House | 4 bd · 2 ba · sleeps 9 | $78,116 | $363 | 59% | 5★ (248) | 1.4 mi | AirbnbVrbo |
Family Holiday Retreat House | 4 bd · 2 ba · sleeps 8 | $36,571 | $224 | 45% | 5★ (289) | 1.4 mi | AirbnbVrbo |
*Pool+Lassen Views *entire house* 7beds, 4bedrooms House | 4 bd · 2 ba · sleeps 8 | $43,815 | $284 | 42% | 4.9★ (18) | 1.5 mi | Airbnb |
Large Home / privacy/desirable neighborhood /Views House | 4 bd · 2.5 ba · sleeps 9 | $7,233 | $183 | 11% | 5★ (4) | 1.6 mi | Airbnb |
Relax & Unwind | 4BR - Hot Tub - All You Need House | 4 bd · 2 ba · sleeps 8 | $81,959 | $292 | 77% | 5★ (138) | 1.7 mi | AirbnbVrbo |
The Refuge at Diamond Ridge | Pool and Spa House | 4 bd · 2 ba · sleeps 10 | $38,395 | $494 | 21% | 4.9★ (17) | 1.8 mi | AirbnbVrbo |
Hanland House Vacation home | 4 bd · 2 ba · sleeps 8 | $100,313 | $353 | 78% | 5★ (4) | 1.8 mi | Booking |
Show all 14 comps
Gather Relax & Explore | Beautiful, Spacious 4BR
House · 4 bd · 3 ba · sleeps 8 · 2.0 mi
Revenue $13,200ADR $168Occ ≈ 22%5★ (2)
Your Central Redding Retreat
House · 4 bd · 2 ba · sleeps 8 · 2.0 mi
Revenue $55,554ADR $222Occ ≈ 69%5★ (53)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Gather Relax & Explore | Beautiful, Spacious 4BR House | 4 bd · 3 ba · sleeps 8 | $13,200 | $168 | 22% | 5★ (2) | 2.0 mi | Airbnb |
Your Central Redding Retreat House | 4 bd · 2 ba · sleeps 8 | $55,554 | $222 | 69% | 5★ (53) | 2.0 mi | Airbnb |
Redding Home w/ Patio Near Fishing! House | 4 bd · 2 ba · sleeps 8 | $56,243 | $215 | 72% | 4.9★ (57) | 2.0 mi | AirbnbVrboBooking |
Ohana Landing : ! Heated Pool ! Waters\ide* Spa* House | 4 bd · 2.5 ba · sleeps 10 | $76,622 | $494 | 42% | 4.9★ (129) | 2.0 mi | AirbnbVrbo |
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
$58,974
NOI
$31,100
Cash flow /mo
$301
Cash needed
$152,250
Cash-on-cash
2.4%
ROE (yr 1)
12.6%
Cap rate
7.3%
DSCR
1.13
Year-1 write-off
$108,772
Year-1 tax shield @ 32%
$34,807
Year-1 return on equity
- Cash flow (annual)$3,618
- Principal paydown$2,781
- Appreciation at%$12,750
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$11,795
- Platform fees (3% of revenue)$1,769
- Maintenance / capex (5% of revenue)$2,949
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,313
- Insurance (STR-rated)$2,486
Cash needed to close
- Down payment (25%)$106,250
- Closing costs (4.0%)$17,000
- Furnishing (bought new)$29,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$34,807
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
$349,000
Short-life (5/15-yr)
$79,000 · 23%
Year-1 deduction
$109,000
Year-1 tax shield @ 32%
$35,000
Land 18% (county tax record, assessed value split) · building $270,000 over 39 years · new furniture $29,000
Based on: 2,262 sq ft, built 1959, 4 bd / 2.5 ba, unfurnished, listing features (fence, game room, fireplace, flooring types).
IRS-guide safe-harbor floor: $86,000 in year 1 (16% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,700
Kitchen cabinetsdefault
$10,800 new × 40% good × 2.03 allocation
- $7,100
Kitchen countertopsdefault
$8,800 new × 40% good × 2.03 allocation
- $3,200
Decorative trimdefault
$4,000 new × 40% good × 2.03 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 2.03 allocation
- $1,200
Shelvingdefault
$1,500 new × 40% good × 2.03 allocation
- $4,700
Window coverings (23)default
$5,800 new × 40% good × 2.03 allocation
- $5,900
Carpet, vinyl & laminate (50% of floors)listing
$7,300 new × 40% good × 2.03 allocation
- $6,800
Kitchen & laundry equipment plumbingdefault
$8,400 new × 40% good × 2.03 allocation
- $4,100
Kitchen, laundry & data equipment electricaldefault
$5,100 new × 40% good × 2.03 allocation
- $6,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.03 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $10,000
Paving: driveway & walks (paved)default
$9,900 new × 50% good × 2.03 allocation
- $9,600
Landscaping (typical)default
$9,500 new × 50% good × 2.03 allocation
- $2,300
Patiosdefault
$2,200 new × 50% good × 2.03 allocation
- $2,300
Decks & porches (attached)default
$2,200 new × 50% good × 2.03 allocation
- $6,100
Fencinglisting
$6,000 new × 50% good × 2.03 allocation
- $199,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$245,400 new × 40% good × 2.03 allocation
- $20,700
Building plumbing & fixturesdefault
$25,500 new × 40% good × 2.03 allocation
- $21,100
Building electrical & lightingdefault
$25,900 new × 40% good × 2.03 allocation
- $20,700
HVACdefault
$25,500 new × 40% good × 2.03 allocation
- $5,900
Hardwood & tile floorsdefault
$7,300 new × 40% good × 2.03 allocation
- $2,100
Fireplacelisting
$2,600 new × 40% good × 2.03 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $77,600 | $30,300 | $900 | $108,800 |
| 2 | $0 | $0 | $6,900 | $6,900 |
| 3 | $0 | $0 | $6,900 | $6,900 |
| 4 | $0 | $0 | $6,900 | $6,900 |
| 5 | $0 | $0 | $6,900 | $6,900 |
| 6+ | $0 | $0 | $241,300 | $241,300 |
| Total | $77,600 | $30,300 | $269,800 | $377,700 |
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.