2137 Hope Ln
Redding, CA 96003
$415,000
3 bd · 2.5 ba · 2,009 sqft · Listed 5d ago
View on Realtor.com →Year built
1989
Sqft
2,009
Lot sqft
10,454
HOA / mo
$0
Furnished
No
List date
2026-11-07T02:59:09.000000Z
Revenue
Annual revenue
$48,215
ADR
$173
Occupancy
76%
Cleaning fees (12 mo)
$7,546
Confidence
Low (38.64), 16 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $45,438
Perfect Redding Retreat w/Hot tub, Pool & King bed
House · 3 bd · 3 ba · sleeps 8 · 0.7 mi
Revenue $73,287ADR $309Occ ≈ 65%4.9★ (120)
*The DREAM HOUSE* SWIMSPA JACUZZI, #1 HOME in RDD
House · 3 bd · 2 ba · sleeps 6 · 0.8 mi
Revenue $53,804ADR $733Occ ≈ 20%5★ (225)
Peaceful Home on a Hill with Porch View
House · 3 bd · 2 ba · sleeps 7 · 1.3 mi
Revenue $17,689ADR $143Occ ≈ 34%4.8★ (11)
Delightful Modern Home, Fireplace, Designers Touch
House · 3 bd · 2 ba · sleeps 6 · 1.5 mi
Revenue $44,759ADR $198Occ ≈ 62%4.9★ (94)
Delisted
Family Friendly close to I-5
House · 3 bd · 2 ba · sleeps 8 · 1.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $46,116ADR $170Occ ≈ 74%4.9★ (334)
Country Oak OASIS With Pool
House · 3 bd · 2 ba · sleeps 6 · 1.7 mi
- Pool
- A/C
- Free parking
- Wifi
- +3
Revenue $20,071ADR $136Occ ≈ 40%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Perfect Redding Retreat w/Hot tub, Pool & King bed House | 3 bd · 3 ba · sleeps 8 | $73,287 | $309 | 65% | 4.9★ (120) | 0.7 mi | Airbnb |
Carnegie Place | *Heated Swim Spa *Private *Modern House
| 3 bd · 2 ba · sleeps 7 | $84,670 | $346 | 67% | 5★ (36) | 0.7 mi | AirbnbVrbo |
*The DREAM HOUSE* SWIMSPA JACUZZI, #1 HOME in RDD House | 3 bd · 2 ba · sleeps 6 | $53,804 | $733 | 20% | 5★ (225) | 0.8 mi | Airbnb |
Peaceful Home on a Hill with Porch View House | 3 bd · 2 ba · sleeps 7 | $17,689 | $143 | 34% | 4.8★ (11) | 1.3 mi | Airbnb |
| Mountain Trio | !VIEWS! Heated Pool & Spacious! House
| 3 bd · 2.5 ba · sleeps 8 | $78,201 | $385 | 56% | 5★ (195) | 1.4 mi | AirbnbVrbo |
Chic Modern GEM - Spacious & Bright, Walk 2 Bethel House
| 3 bd · 2 ba · sleeps 7 | $41,119 | $201 | 56% | 4.9★ (301) | 1.5 mi | AirbnbVrbo |
Delightful Modern Home, Fireplace, Designers Touch House | 3 bd · 2 ba · sleeps 6 | $44,759 | $198 | 62% | 4.9★ (94) | 1.5 mi | Delisted |
Family Friendly close to I-5 House
| 3 bd · 2 ba · sleeps 8 | $46,116 | $170 | 74% | 4.9★ (334) | 1.6 mi | Airbnb |
*New* Overflow 96 | Pool - Hot tub - Central! House
| 3 bd · 2 ba · sleeps 10 | $66,187 | $304 | 60% | 4.9★ (46) | 1.7 mi | AirbnbVrbo |
Country Oak OASIS With Pool House
| 3 bd · 2 ba · sleeps 6 | $20,071 | $136 | 40% | — | 1.7 mi | Airbnb |
Show 4 more
{Casi⚜️Cielo} Tranquil getaway near Bethel & Shasta
House · 3 bd · 2 ba · sleeps 7 · 1.8 mi
Revenue $4,059ADR $117Occ ≈ 10%4.7★ (55)
The Cottage w/ a garden view
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $56,688ADR $187Occ ≈ 83%5★ (1081)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern - Meets Magnolia Farmhouse | Walk to Bethel House
| 3 bd · 2 ba · sleeps 6 | $37,684 | $202 | 51% | 4.8★ (234) | 1.7 mi | AirbnbVrbo |
Hot Tub, Game Room, Playset & Fire Pits! House
| 3 bd · 2.5 ba · sleeps 8 | $8,301 | $319 | 7% | 5★ (1) | 1.7 mi | AirbnbVrboBooking |
{Casi⚜️Cielo} Tranquil getaway near Bethel & Shasta House | 3 bd · 2 ba · sleeps 7 | $4,059 | $117 | 10% | 4.7★ (55) | 1.8 mi | Airbnb |
The Cottage w/ a garden view House
| 3 bd · 2 ba · sleeps 6 | $56,688 | $187 | 83% | 5★ (1081) | 1.9 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
Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$48,215
NOI
$23,522
Cash flow /mo
-$309
Cash needed
$139,850
Cash-on-cash
-2.6%
ROE (yr 1)
8.1%
Cap rate
5.7%
DSCR
0.86
Year-1 write-off
$110,155
Year-1 tax shield @ 32%
$35,249
Year-1 return on equity
- Cash flow (annual)-$3,702
- Principal paydown$2,636
- Appreciation at%$12,450
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)$9,643
- Platform fees (3% of revenue)$1,446
- Maintenance / capex (5% of revenue)$2,411
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,188
- Insurance (STR-rated)$2,428
Cash needed to close
- Down payment (25%)$103,750
- Closing costs (4.0%)$16,600
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$35,249
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
$325,000
Short-life (5/15-yr)
$90,000 · 28%
Year-1 deduction
$110,000
Year-1 tax shield @ 32%
$35,000
Land 22% (county tax record, assessed value split) · building $235,000 over 39 years · new furniture $20,000
Based on: 2,009 sq ft, built 1989, 3 bd / 2.5 ba, unfurnished, listing features (covered patio, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $89,000 in year 1 (21% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,300
Kitchen cabinetsdefault
$10,200 new × 40% good × 2.03 allocation
- $6,800
Kitchen countertopsdefault
$8,300 new × 40% good × 2.03 allocation
- $2,900
Decorative trimdefault
$3,500 new × 40% good × 2.03 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 2.03 allocation
- $1,000
Shelvingdefault
$1,200 new × 40% good × 2.03 allocation
- $4,100
Window coverings (20)default
$5,000 new × 40% good × 2.03 allocation
- $10,500
Carpet, vinyl & laminate (100% of floors)listing
$12,900 new × 40% good × 2.03 allocation
- $6,500
Kitchen & laundry equipment plumbingdefault
$7,900 new × 40% good × 2.03 allocation
- $3,900
Kitchen, laundry & data equipment electricaldefault
$4,800 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
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,800
Paving: driveway & walks (paved)default
$11,600 new × 50% good × 2.03 allocation
- $9,100
Landscaping (typical)default
$8,900 new × 50% good × 2.03 allocation
- $16,800
Covered patiolisting
$16,600 new × 50% good × 2.03 allocation
- $2,000
Decks & porches (attached)default
$2,000 new × 50% good × 2.03 allocation
- $177,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$218,000 new × 40% good × 2.03 allocation
- $18,400
Building plumbing & fixturesdefault
$22,600 new × 40% good × 2.03 allocation
- $18,500
Building electrical & lightingdefault
$22,700 new × 40% good × 2.03 allocation
- $18,400
HVACdefault
$22,600 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 | $70,200 | $39,700 | $300 | $110,200 |
| 2 | $0 | $0 | $6,000 | $6,000 |
| 3 | $0 | $0 | $6,000 | $6,000 |
| 4 | $0 | $0 | $6,000 | $6,000 |
| 5 | $0 | $0 | $6,000 | $6,000 |
| 6+ | $0 | $0 | $210,300 | $210,300 |
| Total | $70,200 | $39,700 | $234,600 | $344,500 |
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.