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3840 Arlene Ct

3840 Arlene Ct

Shasta Lake, CA 96019

$384,900

3 bd · 2 ba · 1,427 sqft · Listed 10d ago

View on Realtor.com →
Low confidence

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)

$41,034$45,043$51,172

  • Close to I5: Newer Pet-friendly Home Near Bethel

    House · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $21,242ADR $142Occ ≈ 41%3.7★ (3)

    AirbnbVrbo

  • White retreat-close to I5- Petfriendly near Bethel

    House · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $51,172ADR $175Occ ≈ 80%4.8★ (81)

    AirbnbVrboBooking

  • *Family friendly *Hot Tub *2200 sq ft *2 acres

    House · 3 bd · 2 ba · sleeps 9 · 0.8 mi

    Revenue $56,514ADR $266Occ ≈ 58%4.7★ (128)

    AirbnbVrbo

  • Shasta House

    House · 3 bd · 2 ba · sleeps 6 · 0.9 mi

    Revenue $45,043ADR $189Occ ≈ 65%5★ (86)

    Airbnb

  • Home in Shasta Lake Near Redding: Early Check-In!

    House · 3 bd · 2 ba · sleeps 8 · 1.8 mi

    Revenue $41,034ADR $232Occ ≈ 48%5★ (79)

    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

Financing

Est. revenue

$41,339

NOI

$19,079

Cash flow /mo

$1,590

Cash needed

$419,796

Cash-on-cash (all cash)

4.5%

ROE (yr 1)

7.3%

Cap rate

5.0%

DSCR

—

Year-1 write-off

$95,233

Year-1 tax shield @ 32%

$30,475

Year-1 return on equity

  • Cash flow (annual)$19,079
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,547
ROE7.3%
ROE incl. year-1 tax savings (32% bracket, STR loophole)14.6%
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

  • Purchase price (all cash)$384,900
  • 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.

5-year property$69,700

  • Kitchen cabinetsdefault

    $8,900 new × 40% good × 2.73 allocation

    $9,700

  • Kitchen countertopsdefault

    $7,300 new × 40% good × 2.73 allocation

    $8,000

  • Decorative trimdefault

    $2,500 new × 40% good × 2.73 allocation

    $2,700

  • Mirrorsdefault

    $300 new × 40% good × 2.73 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.73 allocation

    $1,300

  • Window coverings (14)default

    $3,500 new × 40% good × 2.73 allocation

    $3,800

  • Carpet, vinyl & laminate (33% of floors)listing

    $3,100 new × 40% good × 2.73 allocation

    $3,300

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 40% good × 2.73 allocation

    $7,600

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 2.73 allocation

    $4,600

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.73 allocation

    $8,800

  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$24,800

  • Paving: driveway & walks (paved)default

    $7,800 new × 50% good × 2.73 allocation

    $10,700

  • Landscaping (typical)default

    $7,500 new × 50% good × 2.73 allocation

    $10,300

  • Patiosdefault

    $1,400 new × 50% good × 2.73 allocation

    $1,900

  • Decks & porches (attached)default

    $1,400 new × 50% good × 2.73 allocation

    $1,900
Building, 39-year$229,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $154,400 new × 40% good × 2.73 allocation

    $168,400

  • Building plumbing & fixturesdefault

    $16,000 new × 40% good × 2.73 allocation

    $17,500

  • Building electrical & lightingdefault

    $15,400 new × 40% good × 2.73 allocation

    $16,800

  • HVACdefault

    $16,100 new × 40% good × 2.73 allocation

    $17,500

  • Hardwood & tile floorsdefault

    $6,100 new × 40% good × 2.73 allocation

    $6,700

  • Fireplacelisting

    $2,600 new × 40% good × 2.73 allocation

    $2,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
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.