3840 Arlene Ct
Shasta Lake, CA 96019
$384,900
3 bd · 2 ba · 1,427 sqft · Listed 10d ago
View on Realtor.com →Year built
1984
Sqft
1,427
Lot sqft
13,504
HOA / mo
$0
Furnished
No
List date
2026-09-19T00:44:43.000000Z
Revenue
Annual revenue
$41,339
ADR
$162
Occupancy
70%
Cleaning fees (12 mo)
$6,555
Confidence
Med (68.57), 5 comps
Comp revenue range (p25 / median / p75)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
 Close to I5: Newer Pet-friendly Home Near Bethel House | 3 bd · 2 ba · sleeps 7 | $21,242 | $142 | 41% | 3.7★ (3) | 0.2 mi | AirbnbVrbo |
 White retreat-close to I5- Petfriendly near Bethel House | 3 bd · 2 ba · sleeps 8 | $51,172 | $175 | 80% | 4.8★ (81) | 0.3 mi | AirbnbVrboBooking |
 *Family friendly *Hot Tub *2200 sq ft *2 acres House | 3 bd · 2 ba · sleeps 9 | $56,514 | $266 | 58% | 4.7★ (128) | 0.8 mi | AirbnbVrbo |
 Shasta House House | 3 bd · 2 ba · sleeps 6 | $45,043 | $189 | 65% | 5★ (86) | 0.9 mi | Airbnb |
 Home in Shasta Lake Near Redding: Early Check-In! House | 3 bd · 2 ba · sleeps 8 | $41,034 | $232 | 48% | 5★ (79) | 1.8 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
$41,339
NOI
$19,079
Cash flow /mo
-$484
Cash needed
$131,121
Cash-on-cash
-4.4%
ROE (yr 1)
6.3%
Cap rate
5.0%
DSCR
0.77
Year-1 write-off
$95,233
Year-1 tax shield @ 32%
$30,475
Year-1 return on equity
- Cash flow (annual)-$5,811
- Principal paydown$2,519
- Appreciation at%$11,547
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,268
- Platform fees (3% of revenue)$1,240
- Maintenance / capex (5% of revenue)$2,067
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,811
- Insurance (STR-rated)$2,252
Cash needed to close
- Down payment (25%)$96,225
- Closing costs (4.0%)$15,396
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$30,475
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
$305,000
Short-life (5/15-yr)
$75,000 · 25%
Year-1 deduction
$95,000
Year-1 tax shield @ 32%
$30,000
Land 21% (county tax record, assessed value split) · building $230,000 over 39 years · new furniture $20,000
Based on: 1,427 sq ft, built 1984, 3 bd / 2 ba, unfurnished, listing features (fireplace, flooring types).
IRS-guide safe-harbor floor: $71,000 in year 1 (17% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,700
Kitchen cabinetsdefault
$8,900 new × 40% good × 2.73 allocation
- $8,000
Kitchen countertopsdefault
$7,300 new × 40% good × 2.73 allocation
- $2,700
Decorative trimdefault
$2,500 new × 40% good × 2.73 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.73 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.73 allocation
- $3,800
Window coverings (14)default
$3,500 new × 40% good × 2.73 allocation
- $3,300
Carpet, vinyl & laminate (33% of floors)listing
$3,100 new × 40% good × 2.73 allocation
- $7,600
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 2.73 allocation
- $4,600
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 2.73 allocation
- $8,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.73 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,700
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 2.73 allocation
- $10,300
Landscaping (typical)default
$7,500 new × 50% good × 2.73 allocation
- $1,900
Patiosdefault
$1,400 new × 50% good × 2.73 allocation
- $1,900
Decks & porches (attached)default
$1,400 new × 50% good × 2.73 allocation
- $168,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$154,400 new × 40% good × 2.73 allocation
- $17,500
Building plumbing & fixturesdefault
$16,000 new × 40% good × 2.73 allocation
- $16,800
Building electrical & lightingdefault
$15,400 new × 40% good × 2.73 allocation
- $17,500
HVACdefault
$16,100 new × 40% good × 2.73 allocation
- $6,700
Hardwood & tile floorsdefault
$6,100 new × 40% good × 2.73 allocation
- $2,900
Fireplacelisting
$2,600 new × 40% good × 2.73 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $69,700 | $24,800 | $700 | $95,200 |
| 2 | $0 | $0 | $5,900 | $5,900 |
| 3 | $0 | $0 | $5,900 | $5,900 |
| 4 | $0 | $0 | $5,900 | $5,900 |
| 5 | $0 | $0 | $5,900 | $5,900 |
| 6+ | $0 | $0 | $205,400 | $205,400 |
| Total | $69,700 | $24,800 | $229,700 | $324,200 |
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.