2720 Leland Ave
Redding, CA 96001
$275,000
2 bd · 1 ba · 972 sqft · Listed 1d ago
View on Realtor.com →Year built
1938
Sqft
972
Lot sqft
6,970
HOA / mo
$0
Furnished
No
List date
2026-10-17T19:27:29.000000Z
Revenue
Annual revenue
$26,743
ADR
$92
Occupancy
80%
Cleaning fees (12 mo)
$1,525
Confidence
Low (25.68), 13 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $24,265
Redding Travel Nurse Retreat–few min to Hospitals
House · 2 bd · 1 ba · sleeps 4 · 0.1 mi
Revenue $5,487ADR $90Occ ≈ 17%4.8★ (79)
Delisted
Charming Downtown Home with Outdoor Oasis
House · 2 bd · 1 ba · sleeps 4 · 0.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $22,908ADR $82Occ ≈ 77%5★ (8)
Peaceful 2BR by the Canal
House · 2 bd · 1 ba · sleeps 4 · 0.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $19,251ADR $123Occ ≈ 43%4.8★ (57)
peaceful retreat near the river
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $27,263ADR $88Occ ≈ 85%4.8★ (4)
Central to everything Redding! Clean rooms.
House · 2 bd · 1 ba · sleeps 6 · 0.4 mi
Revenue $3,876ADR $46Occ ≈ 23%5★ (3)
Delisted
Central to all Redding!
House · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $168ADR $84Occ ≈ 1%—
Delisted
2 bed/1.5 bath townhouse apartment, by hospital
Apartment · 2 bd · 1.5 ba · sleeps 4 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $24,265ADR $75Occ ≈ 89%5★ (3)
Fantastic, 2 bedroom cottage in the Garden Tract
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +1
Revenue $50,097ADR $173Occ ≈ 79%5★ (71)
Cozy retreat on quiet street.Outdoor adventures at your fingertips.
House · 2 bd · 2 ba · sleeps 4 · 0.7 mi
- Pool
- A/C
- Free parking
- Wifi
- +4
Revenue $70,877ADR $244Occ ≈ 80%4.6★ (9)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding Travel Nurse Retreat–few min to Hospitals House | 2 bd · 1 ba · sleeps 4 | $5,487 | $90 | 17% | 4.8★ (79) | 0.1 mi | Delisted |
Charming Downtown Home with Outdoor Oasis House
| 2 bd · 1 ba · sleeps 4 | $22,908 | $82 | 77% | 5★ (8) | 0.2 mi | Airbnb |
Peaceful 2BR by the Canal House
| 2 bd · 1 ba · sleeps 4 | $19,251 | $123 | 43% | 4.8★ (57) | 0.2 mi | Airbnb |
peaceful retreat near the river House
| 2 bd · 1 ba · sleeps 4 | $27,263 | $88 | 85% | 4.8★ (4) | 0.3 mi | Airbnb |
Central to everything Redding! Clean rooms. House | 2 bd · 1 ba · sleeps 6 | $3,876 | $46 | 23% | 5★ (3) | 0.4 mi | Delisted |
Central to all Redding! House | 2 bd · 1 ba · sleeps 4 | $168 | $84 | 1% | — | 0.4 mi | Delisted |
2 bed/1.5 bath townhouse apartment, by hospital Apartment
| 2 bd · 1.5 ba · sleeps 4 | $24,265 | $75 | 89% | 5★ (3) | 0.5 mi | Airbnb |
Fantastic, 2 bedroom cottage in the Garden Tract House
| 2 bd · 1 ba · sleeps 4 | $50,097 | $173 | 79% | 5★ (71) | 0.6 mi | Airbnb |
Cozy retreat on quiet street.Outdoor adventures at your fingertips. House
| 2 bd · 2 ba · sleeps 4 | $70,877 | $244 | 80% | 4.6★ (9) | 0.7 mi | Vrbo |
Gardenia at Evergreen | A Stylish Flat In Downtown Apartment
| 2 bd · 1 ba · sleeps 4 | $41,288 | $227 | 50% | 5★ (26) | 0.7 mi | AirbnbVrboBooking |
Show 1 more
Sage Pine Suite -Redding Ca.
Place · 2 bd · 1 ba · sleeps 4 · 0.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $46,104ADR $165Occ ≈ 77%4.8★ (72)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sage Pine Suite -Redding Ca. Place
| 2 bd · 1 ba · sleeps 4 | $46,104 | $165 | 77% | 4.8★ (72) | 0.7 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
Est. revenue
$26,743
NOI
$10,421
Cash flow /mo
$868
Cash needed
$302,000
Cash-on-cash (all cash)
3.5%
ROE (yr 1)
6.2%
Cap rate
3.8%
DSCR
—
Year-1 write-off
$83,019
Year-1 tax shield @ 32%
$26,566
Year-1 return on equity
- Cash flow (annual)$10,421
- Principal paydown (n/a, cash)$0
- Appreciation at%$8,250
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)$5,349
- Platform fees (3% of revenue)$802
- Maintenance / capex (5% of revenue)$1,337
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,438
- Insurance (STR-rated)$1,609
Cash needed to close
- Purchase price (all cash)$275,000
- Closing costs (4.0%)$11,000
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$26,566
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
$214,000
Short-life (5/15-yr)
$67,000 · 31%
Year-1 deduction
$83,000
Year-1 tax shield @ 32%
$27,000
Land 22% (county tax record, assessed value split) · building $147,000 over 39 years · new furniture $16,000
Based on: 972 sq ft, built 1938, 2 bd / 1 ba, unfurnished, listing features (flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $63,000 in year 1 (22% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,500
Kitchen cabinetsdefault
$7,900 new × 40% good × 2.69 allocation
- $7,000
Kitchen countertopsdefault
$6,500 new × 40% good × 2.69 allocation
- $1,800
Decorative trimdefault
$1,700 new × 40% good × 2.69 allocation
- $200
Mirrorsdefault
$200 new × 40% good × 2.69 allocation
- $1,000
Shelvingdefault
$900 new × 40% good × 2.69 allocation
- $2,700
Window coverings (10)default
$2,500 new × 40% good × 2.69 allocation
- $6,700
Carpet, vinyl & laminate (100% of floors)listing
$6,300 new × 40% good × 2.69 allocation
- $6,600
Kitchen & laundry equipment plumbingdefault
$6,200 new × 40% good × 2.69 allocation
- $4,000
Kitchen, laundry & data equipment electricaldefault
$3,700 new × 40% good × 2.69 allocation
- $8,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.69 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $8,700
Paving: driveway & walks (paved)default
$6,500 new × 50% good × 2.69 allocation
- $8,400
Landscaping (typical)default
$6,200 new × 50% good × 2.69 allocation
- $1,300
Patiosdefault
$1,000 new × 50% good × 2.69 allocation
- $1,300
Decks & porches (attached)default
$1,000 new × 50% good × 2.69 allocation
- $113,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$105,200 new × 40% good × 2.69 allocation
- $11,700
Building plumbing & fixturesdefault
$10,900 new × 40% good × 2.69 allocation
- $10,300
Building electrical & lightingdefault
$9,600 new × 40% good × 2.69 allocation
- $11,800
HVACdefault
$11,000 new × 40% good × 2.69 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $63,200 | $19,600 | $200 | $83,000 |
| 2 | $0 | $0 | $3,800 | $3,800 |
| 3 | $0 | $0 | $3,800 | $3,800 |
| 4 | $0 | $0 | $3,800 | $3,800 |
| 5 | $0 | $0 | $3,800 | $3,800 |
| 6+ | $0 | $0 | $131,600 | $131,600 |
| Total | $63,200 | $19,600 | $146,900 | $229,700 |
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.