STR Yield
← Back to deals
MortgageCash

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

4755 Red Bluff St

4755 Red Bluff St

Shasta Lake, CA 96019

$250,000

3 bd · 1 ba · 1,125 sqft · Listed 26d ago

View on Realtor.com →
Low confidence

Year built

1956

Sqft

1,125

Lot sqft

6,098

HOA / mo

$0

Furnished

No

List date

2026-09-03T00:18:09.000000Z

Revenue

Annual revenue

$45,524

ADR

$200

Occupancy

62%

Cleaning fees (12 mo)

$7,657

Confidence

High (70.22), 6 comps

Comp revenue range (p25 / median / p75)

$42,036$48,108$55,179

  • Beautiful Country House.

    House · 3 bd · 2 ba · sleeps 8 · 1.2 mi

    Revenue $57,981ADR $289Occ ≈ 55%4.9★ (148)

    AirbnbVrbo

  • White retreat-close to I5- Petfriendly near Bethel

    House · 3 bd · 2 ba · sleeps 8 · 1.3 mi

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

    AirbnbVrboBooking

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

    House · 3 bd · 2 ba · sleeps 7 · 1.3 mi

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

    AirbnbVrbo

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

    House · 3 bd · 2 ba · sleeps 8 · 1.4 mi

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

    AirbnbVrboBooking

  • Shasta House

    House · 3 bd · 2 ba · sleeps 6 · 1.6 mi

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

    Airbnb

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

    House · 3 bd · 2 ba · sleeps 9 · 1.9 mi

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

    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

Financing
Term

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$45,524

NOI

$24,365

Cash flow /mo

$683

Cash needed

$92,000

Cash-on-cash

8.9%

ROE (yr 1)

18.8%

Cap rate

9.7%

DSCR

1.51

Year-1 write-off

$82,877

Year-1 tax shield @ 32%

$26,521

Year-1 return on equity

  • Cash flow (annual)$8,199
  • Principal paydown$1,636
  • Appreciation at%$7,500
ROE18.8%
ROE incl. year-1 tax savings (32% bracket, STR loophole)47.7%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$9,105
  • Platform fees (3% of revenue)$1,366
  • Maintenance / capex (5% of revenue)$2,276
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,125
  • Insurance (STR-rated)$1,463

Cash needed to close

  • Down payment (25%)$62,500
  • Closing costs (4.0%)$10,000
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$26,521

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

$213,000

Short-life (5/15-yr)

$63,000 · 30%

Year-1 deduction

$83,000

Year-1 tax shield @ 32%

$27,000

Land 15% (county tax record, assessed value split) · building $150,000 over 39 years · new furniture $20,000

Based on: 1,125 sq ft, built 1956, 3 bd / 1 ba, unfurnished, listing features (flooring types).

IRS-guide safe-harbor floor: $64,000 in year 1 (21% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$63,700

  • Kitchen cabinetsdefault

    $8,300 new × 40% good × 2.36 allocation

    $7,800

  • Kitchen countertopsdefault

    $6,800 new × 40% good × 2.36 allocation

    $6,400

  • Decorative trimdefault

    $2,000 new × 40% good × 2.36 allocation

    $1,900

  • Mirrorsdefault

    $200 new × 40% good × 2.36 allocation

    $100

  • Shelvingdefault

    $1,200 new × 40% good × 2.36 allocation

    $1,100

  • Window coverings (11)default

    $2,800 new × 40% good × 2.36 allocation

    $2,600

  • Carpet, vinyl & laminate (100% of floors)listing

    $7,200 new × 40% good × 2.36 allocation

    $6,800

  • Kitchen & laundry equipment plumbingdefault

    $6,400 new × 40% good × 2.36 allocation

    $6,100

  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 40% good × 2.36 allocation

    $3,700

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

    $8,100 new × 40% good × 2.36 allocation

    $7,700

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$18,700

  • Paving: driveway & walks (paved)default

    $7,000 new × 50% good × 2.36 allocation

    $8,200

  • Landscaping (typical)default

    $6,700 new × 50% good × 2.36 allocation

    $7,900

  • Patiosdefault

    $1,100 new × 50% good × 2.36 allocation

    $1,300

  • Decks & porches (attached)default

    $1,100 new × 50% good × 2.36 allocation

    $1,300
Building, 39-year$149,600

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

    $121,600 new × 40% good × 2.36 allocation

    $114,800

  • Building plumbing & fixturesdefault

    $12,600 new × 40% good × 2.36 allocation

    $11,900

  • Building electrical & lightingdefault

    $11,500 new × 40% good × 2.36 allocation

    $10,900

  • HVACdefault

    $12,700 new × 40% good × 2.36 allocation

    $12,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$63,700$18,700$500$82,900
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$133,800$133,800
Total$63,700$18,700$149,600$232,000

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.