3725 Pancake Hill Dr
Shasta Lake, CA 96019
$99,900
2 bd · 1 ba · 889 sqft · Listed 6d ago
View on Realtor.com →Year built
1947
Sqft
889
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-11-06T23:32:16.000000Z
Revenue
Annual revenue
$24,986
ADR
$125
Occupancy
55%
Cleaning fees (12 mo)
$4,939
Confidence
Low (42.81), 6 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $28,314
A get a way from your home stay! With Breakfast!
House · 2 bd · 1 ba · sleeps 5 · 0.2 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $4,670ADR $152Occ ≈ 8%4.9★ (104)
The Birdhouse At Shasta Lake
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $29,193ADR $172Occ ≈ 47%4.7★ (25)
Sunny California Retreat w/ Pool Access & Patio!
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.6 mi
Revenue $29,837ADR $145Occ ≈ 56%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
A get a way from your home stay! With Breakfast! House
| 2 bd · 1 ba · sleeps 5 | $4,670 | $152 | 8% | 4.9★ (104) | 0.2 mi | Airbnb |
The Birdhouse At Shasta Lake House | 2 bd · 1 ba · sleeps 4 | $29,193 | $172 | 47% | 4.7★ (25) | 0.3 mi | Airbnb |
Fall Promos! Shasta Lake home with hot tub! Cabin
| 2 bd · 1 ba · sleeps 5 | $27,434 | $175 | 43% | 4.8★ (11) | 0.3 mi | AirbnbBooking |
Sunny California Retreat w/ Pool Access & Patio! Vacation home | 2 bd · 1 ba · sleeps 4 | $29,837 | $145 | 56% | 5★ (1) | 0.6 mi | Booking |
Lounge + Lake House
| 2 bd · 1 ba · sleeps 4 | $32,391 | $149 | 60% | 5★ (76) | 0.7 mi | AirbnbVrbo |
A Touch of Class and History II House
| 2 bd · 2 ba · sleeps 6 | $7,042 | $172 | 11% | 5★ (16) | 0.7 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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$24,986
NOI
$12,107
Cash flow /mo
$463
Cash needed
$44,971
Cash-on-cash
12.3%
ROE (yr 1)
20.4%
Cap rate
12.1%
DSCR
1.85
Year-1 write-off
$39,895
Year-1 tax shield @ 32%
$12,767
Year-1 return on equity
- Cash flow (annual)$5,553
- Principal paydown$635
- Appreciation at%$2,997
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)$4,997
- Platform fees (3% of revenue)$750
- Maintenance / capex (5% of revenue)$1,249
- Utilities & supplies$4,200
- HOA$0
- Property tax$1,249
- Insurance (STR-rated)$584
Cash needed to close
- Down payment (25%)$24,975
- Closing costs (4.0%)$3,996
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$12,767
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
$82,000
Short-life (5/15-yr)
$24,000 · 29%
Year-1 deduction
$40,000
Year-1 tax shield @ 32%
$13,000
Land 17% (county tax record, assessed value split) · building $59,000 over 39 years · new furniture $16,000
Based on: 889 sq ft, built 1947, 2 bd / 1 ba, unfurnished, listing features (fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $32,000 in year 1 (19% short-life, $10,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $3,400
Kitchen cabinetsdefault
$7,700 new × 40% good × 1.10 allocation
- $2,800
Kitchen countertopsdefault
$6,300 new × 40% good × 1.10 allocation
- $700
Decorative trimdefault
$1,600 new × 40% good × 1.10 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.10 allocation
- $400
Shelvingdefault
$900 new × 40% good × 1.10 allocation
- $1,000
Window coverings (9)default
$2,300 new × 40% good × 1.10 allocation
- $2,700
Kitchen & laundry equipment plumbingdefault
$6,000 new × 40% good × 1.10 allocation
- $1,600
Kitchen, laundry & data equipment electricaldefault
$3,600 new × 40% good × 1.10 allocation
- $3,600
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.10 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $3,400
Paving: driveway & walks (paved)default
$6,200 new × 50% good × 1.10 allocation
- $3,300
Landscaping (typical)default
$5,900 new × 50% good × 1.10 allocation
- $500
Patiosdefault
$900 new × 50% good × 1.10 allocation
- $500
Decks & porches (attached)default
$900 new × 50% good × 1.10 allocation
- $42,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$96,100 new × 40% good × 1.10 allocation
- $4,400
Building plumbing & fixturesdefault
$9,900 new × 40% good × 1.10 allocation
- $3,800
Building electrical & lightingdefault
$8,500 new × 40% good × 1.10 allocation
- $4,400
HVACdefault
$10,000 new × 40% good × 1.10 allocation
- $2,500
Hardwood & tile floorsdefault
$5,700 new × 40% good × 1.10 allocation
- $1,200
Fireplacelisting
$2,600 new × 40% good × 1.10 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $32,200 | $7,600 | $100 | $39,900 |
| 2 | $0 | $0 | $1,500 | $1,500 |
| 3 | $0 | $0 | $1,500 | $1,500 |
| 4 | $0 | $0 | $1,500 | $1,500 |
| 5 | $0 | $0 | $1,500 | $1,500 |
| 6+ | $0 | $0 | $52,500 | $52,500 |
| Total | $32,200 | $7,600 | $58,600 | $98,400 |
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.