4650 Lookout Ct
Redding, CA 96001
$350,000
3 bd · 2 ba · 1,229 sqft · Listed today
View on Realtor.com →Year built
1965
Sqft
1,229
Lot sqft
10,019
HOA / mo
$0
Furnished
No
List date
2026-10-24T00:38:07.000000Z
Revenue
Annual revenue
$40,451
ADR
$155
Occupancy
71%
Cleaning fees (12 mo)
$5,280
Confidence
Low (27.55), 20 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $24,082
Harmony Haven
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $27,882ADR $175Occ ≈ 44%4.7★ (141)
At Home in the Forest- Huge Deck-Sleeps 8
House · 3 bd · 2 ba · sleeps 8 · 0.6 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $16,890ADR $171Occ ≈ 27%4.7★ (13)
Newly remodeled, stunning Italian 3BR/3BA cottage with pool, RV parking/hookups
House · 3 bd · 2.5 ba · sleeps 6 · 0.8 mi
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $1,248ADR $416Occ ≈ 1%—
Hillside home with large deck in a woodsy area. Sleeps 8
House · 3 bd · 2 ba · sleeps 8 · 0.8 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $19,919ADR $226Occ ≈ 24%4.8★
Rest and Rejuvenate
House · 3 bd · 2 ba · sleeps 6 · 1.5 mi
- Pool
- A/C
- Free parking
- Wifi
- +1
Revenue $604ADR $151Occ ≈ 1%5★ (1)
The Wilshire House-Redding, Ca
House · 3 bd · 2 ba · sleeps 6 · 1.5 mi
- Pool
- A/C
- Free parking
- Wifi
- +2
Revenue $11,589ADR $309Occ ≈ 10%5★ (7)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Harmony Haven House | 3 bd · 2 ba · sleeps 6 | $27,882 | $175 | 44% | 4.7★ (141) | 0.5 mi | Booking |
At Home in the Forest- Huge Deck-Sleeps 8 House
| 3 bd · 2 ba · sleeps 8 | $16,890 | $171 | 27% | 4.7★ (13) | 0.6 mi | Airbnb |
Newly remodeled, stunning Italian 3BR/3BA cottage with pool, RV parking/hookups House
| 3 bd · 2.5 ba · sleeps 6 | $1,248 | $416 | 1% | — | 0.8 mi | Vrbo |
Hillside home with large deck in a woodsy area. Sleeps 8 House
| 3 bd · 2 ba · sleeps 8 | $19,919 | $226 | 24% | 4.8★ | 0.8 mi | Vrbo |
The Starlight Retreat | Clean. Bright. Modern. House
| 3 bd · 2 ba · sleeps 6 | $54,695 | $181 | 83% | 4.8★ (136) | 1.0 mi | AirbnbVrboBooking |
The Pineapple House *Best Reviews* Private Pool! House
| 3 bd · 2 ba · sleeps 6 | $53,126 | $331 | 44% | 5★ (309) | 1.3 mi | AirbnbVrbo |
~Rest and Refresh~ House
| 3 bd · 1 ba · sleeps 6 | $37,877 | $163 | 64% | 4.8★ (403) | 1.5 mi | AirbnbVrbo |
Rest and Rejuvenate House
| 3 bd · 2 ba · sleeps 6 | $604 | $151 | 1% | 5★ (1) | 1.5 mi | Airbnb |
The Wilshire House-Redding, Ca House
| 3 bd · 2 ba · sleeps 6 | $11,589 | $309 | 10% | 5★ (7) | 1.5 mi | Airbnb |
5 Mi to Sundial Bridge & River! Pet-Friendly Haven House
| 3 bd · 2 ba · sleeps 8 | $23,758 | $459 | 14% | 4.5★ (2) | 1.6 mi | AirbnbVrboBooking |
Show 8 more
Newly Renovated Modern Home
House · 3 bd · 1 ba · sleeps 6 · 1.8 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $19,069ADR $83Occ ≈ 63%—
Vintage style house with amazing views of Lassen!
House · 3 bd · 1.5 ba · sleeps 6 · 1.8 mi
Revenue $13,167ADR $162Occ ≈ 22%5★ (94)
Andes Restful Retreat
House · 3 bd · 2.5 ba · sleeps 7 · 1.9 mi
Revenue $59,442ADR $342Occ ≈ 48%4.8★ (75)
*Wow A Slice of Heaven Get Away
House · 3 bd · 2 ba · sleeps 6 · 2.0 mi
Revenue $3,352ADR $151Occ ≈ 6%—
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Comfortable home near river access trail House
| 3 bd · 1 ba · sleeps 6 | $64,716 | $311 | 57% | 4.8★ (48) | 1.7 mi | AirbnbVrboBooking |
Newly Renovated Modern Home House
| 3 bd · 1 ba · sleeps 6 | $19,069 | $83 | 63% | — | 1.8 mi | Airbnb |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $13,167 | $162 | 22% | 5★ (94) | 1.8 mi | Airbnb |
Andes Restful Retreat House | 3 bd · 2.5 ba · sleeps 7 | $59,442 | $342 | 48% | 4.8★ (75) | 1.9 mi | Airbnb |
Riverfront Redding Retreat | Fireplace, AC, WiFi House
| 3 bd · 2 ba · sleeps 6 | $32,892 | $182 | 50% | 5★ (6) | 1.9 mi | AirbnbVrboBooking |
* WOW* A Slice of Heaven GetAway 4 beds House
| 3 bd · 2 ba · sleeps 6 | $24,405 | $132 | 51% | 5★ (8) | 2.0 mi | AirbnbVrbo |
*Wow A Slice of Heaven Get Away House | 3 bd · 2 ba · sleeps 6 | $3,352 | $151 | 6% | — | 2.0 mi | Delisted |
The Olive Get-Away | Pool💦 Game Room🏓 & BBQ♨️ House
| 3 bd · 2 ba · sleeps 8 | $62,890 | $305 | 56% | 4.9★ (179) | 2.1 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
Est. revenue
$40,451
NOI
$19,027
Cash flow /mo
$1,586
Cash needed
$383,500
Cash-on-cash (all cash)
5.0%
ROE (yr 1)
7.7%
Cap rate
5.4%
DSCR
—
Year-1 write-off
$110,053
Year-1 tax shield @ 32%
$35,217
Year-1 return on equity
- Cash flow (annual)$19,027
- Principal paydown (n/a, cash)$0
- Appreciation at%$10,500
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)$8,090
- Platform fees (3% of revenue)$1,214
- Maintenance / capex (5% of revenue)$2,023
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,375
- Insurance (STR-rated)$2,048
Cash needed to close
- Purchase price (all cash)$350,000
- Closing costs (4.0%)$14,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$35,217
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
$302,000
Short-life (5/15-yr)
$90,000 · 30%
Year-1 deduction
$110,000
Year-1 tax shield @ 32%
$35,000
Land 14% (county tax record, assessed value split) · building $212,000 over 39 years · new furniture $20,000
Based on: 1,229 sq ft, built 1965, 3 bd / 2 ba, unfurnished, listing features (patio, fireplace, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $85,000 in year 1 (22% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,200
Kitchen cabinetsdefault
$8,500 new × 40% good × 3.01 allocation
- $8,400
Kitchen countertopsdefault
$7,000 new × 40% good × 3.01 allocation
- $2,600
Decorative trimdefault
$2,200 new × 40% good × 3.01 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.01 allocation
- $1,400
Shelvingdefault
$1,200 new × 40% good × 3.01 allocation
- $3,600
Window coverings (12)default
$3,000 new × 40% good × 3.01 allocation
- $9,500
Carpet, vinyl & laminate (100% of floors)listing
$7,900 new × 40% good × 3.01 allocation
- $8,000
Kitchen & laundry equipment plumbingdefault
$6,600 new × 40% good × 3.01 allocation
- $4,800
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 40% good × 3.01 allocation
- $9,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 3.01 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,900
Paving: driveway & walks (paved)default
$7,300 new × 50% good × 3.01 allocation
- $10,500
Landscaping (typical)default
$7,000 new × 50% good × 3.01 allocation
- $8,300
Patioslisting
$5,500 new × 50% good × 3.01 allocation
- $1,800
Decks & porches (attached)default
$1,200 new × 50% good × 3.01 allocation
- $160,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$132,800 new × 40% good × 3.01 allocation
- $16,600
Building plumbing & fixturesdefault
$13,800 new × 40% good × 3.01 allocation
- $15,500
Building electrical & lightingdefault
$12,900 new × 40% good × 3.01 allocation
- $16,700
HVACdefault
$13,800 new × 40% good × 3.01 allocation
- $3,200
Fireplacelisting
$2,600 new × 40% good × 3.01 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $78,200 | $31,600 | $200 | $110,100 |
| 2 | $0 | $0 | $5,400 | $5,400 |
| 3 | $0 | $0 | $5,400 | $5,400 |
| 4 | $0 | $0 | $5,400 | $5,400 |
| 5 | $0 | $0 | $5,400 | $5,400 |
| 6+ | $0 | $0 | $190,000 | $190,000 |
| Total | $78,200 | $31,600 | $211,900 | $321,800 |
The building's share of the price ($302,000) is 3.0x our depreciated replacement cost of the home ($100,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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.