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1354 Harpole Rd

1354 Harpole Rd

Redding, CA 96002

$344,900

3 bd · 2 ba · 1,487 sqft · Listed 4d ago

View on Realtor.com →
Low confidence

Year built

1983

Sqft

1,487

Lot sqft

9,148

HOA / mo

$0

Furnished

No

List date

2026-11-08T03:05:06.000000Z

Revenue

Annual revenue

$36,874

ADR

$181

Occupancy

56%

Cleaning fees (12 mo)

$5,044

Confidence

Low (32.85), 6 comps

Comp revenue range (p25 / median / p75)

$20,985$26,045$47,945

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $26,045

  • Large 4 bedroom w/ play space, office, 3 king beds

    House · 4 bd · 3 ba · sleeps 10 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $57,044ADR $247Occ ≈ 63%5★ (46)

    AirbnbVrbo

  • Secure Garage | Central AC | Washer/Dryer

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $23,644ADR $303Occ ≈ 21%4.8★ (45)

    AirbnbVrboBooking

  • Cozy Blue Cottage

    House · 3 bd · 1 ba · sleeps 6 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $28,446ADR $94Occ ≈ 83%4.9★ (16)

    Airbnb

  • Redding Ranch Style House with Pool

    House · 4 bd · 2 ba · sleeps 6 · 0.7 mi

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $54,445ADR $206Occ ≈ 72%4.9★ (278)

    Airbnb

  • Available Nov 17 2BR apt. Retreat w/Greenbelt View

    Apartment · 2 bd · 1 ba · sleeps 3 · 0.7 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $3,116ADR $66Occ ≈ 13%—

    Airbnb

  • Lovely 2 BR apartment w/small yard avail. Dec 11

    Apartment · 2 bd · 1 ba · sleeps 3 · 0.7 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $20,098ADR $68Occ ≈ 81%5★ (16)

    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

Financing
Management

Est. revenue

$36,874

NOI

$16,538

Cash flow /mo

$1,378

Cash needed

$378,196

Cash-on-cash (all cash)

4.4%

ROE (yr 1)

7.1%

Cap rate

4.8%

DSCR

—

Year-1 write-off

$101,880

Year-1 tax shield @ 32%

$32,602

Year-1 return on equity

  • Cash flow (annual)$16,538
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$10,347
ROE7.1%

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)$7,375
  • Platform fees (3% of revenue)$1,106
  • Maintenance / capex (5% of revenue)$1,844
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,311
  • Insurance (STR-rated)$2,018

Cash needed to close

  • Purchase price (all cash)$344,900
  • Closing costs (4.0%)$13,796
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$32,602

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

$291,000

Short-life (5/15-yr)

$82,000 · 28%

Year-1 deduction

$102,000

Year-1 tax shield @ 32%

$33,000

Land 16% (county tax record, assessed value split) · building $209,000 over 39 years · new furniture $20,000

Based on: 1,487 sq ft, built 1983, 3 bd / 2 ba, unfurnished, listing features (fence, fireplace, stone counters, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $79,000 in year 1 (20% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$69,600

  • Kitchen cabinetsdefault

    $9,100 new × 40% good × 2.41 allocation

    $8,700

  • Kitchen countertops (stone)listing

    $9,300 new × 40% good × 2.41 allocation

    $8,900

  • Decorative trimdefault

    $2,600 new × 40% good × 2.41 allocation

    $2,500

  • Mirrorsdefault

    $300 new × 40% good × 2.41 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.41 allocation

    $1,200

  • Window coverings (15)default

    $3,800 new × 40% good × 2.41 allocation

    $3,600

  • Carpet, vinyl & laminate (67% of floors)listing

    $6,400 new × 40% good × 2.41 allocation

    $6,100

  • Kitchen & laundry equipment plumbingdefault

    $7,000 new × 40% good × 2.41 allocation

    $6,800

  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 40% good × 2.41 allocation

    $4,100

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

    $8,100 new × 40% good × 2.41 allocation

    $7,800

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$32,100

  • Paving: driveway & walks (paved)default

    $10,000 new × 50% good × 2.41 allocation

    $12,000

  • Landscaping (typical)default

    $7,700 new × 50% good × 2.41 allocation

    $9,300

  • Patiosdefault

    $1,500 new × 50% good × 2.41 allocation

    $1,800

  • Decks & porches (attached)default

    $1,500 new × 50% good × 2.41 allocation

    $1,800

  • Fencinglisting

    $6,000 new × 50% good × 2.41 allocation

    $7,200
Building, 39-year$208,500

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

    $161,000 new × 40% good × 2.41 allocation

    $155,200

  • Building plumbing & fixturesdefault

    $16,700 new × 40% good × 2.41 allocation

    $16,100

  • Building electrical & lightingdefault

    $16,100 new × 40% good × 2.41 allocation

    $15,500

  • HVACdefault

    $16,800 new × 40% good × 2.41 allocation

    $16,100

  • Hardwood & tile floorsdefault

    $3,200 new × 40% good × 2.41 allocation

    $3,100

  • Fireplacelisting

    $2,600 new × 40% good × 2.41 allocation

    $2,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$69,600$32,100$200$101,900
2$0$0$5,300$5,300
3$0$0$5,300$5,300
4$0$0$5,300$5,300
5$0$0$5,300$5,300
6+$0$0$186,900$186,900
Total$69,600$32,100$208,500$310,200

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, 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.