1230 Arizona St
Redding, CA 96002
$369,900
3 bd · 2 ba · 1,172 sqft · Listed 1d ago
View on Realtor.com →Year built
1959
Sqft
1,172
Lot sqft
27,443
HOA / mo
$0
Furnished
No
List date
2026-10-06T21:50:20.000000Z
Revenue
Annual revenue
$39,187
ADR
$182
Occupancy
59%
Cleaning fees (12 mo)
$5,861
Confidence
Med (65.38), 7 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $47,730
The Zen Den | Hidden Gem
House · 2 bd · 1 ba · sleeps 4 · 0.4 mi
Revenue $47,730ADR $187Occ ≈ 70%4.9★ (55)
Redding River House II, Stunning River Location.
House · 2 bd · 2 ba · sleeps 6 · 0.4 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $12,586ADR $203Occ ≈ 17%5★ (1)
Foosball+King Bed Costco Closeby Huge Master Suite
House · 4 bd · 2.5 ba · sleeps 10 · 0.4 mi
Revenue $42,149ADR $270Occ ≈ 43%4.2★ (17)
Jardin Pasatiempo with Gourmet Kitchen & EV Charger
House · 2 bd · 2.5 ba · sleeps 6 · 0.6 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $51,164ADR $256Occ ≈ 55%5★ (302)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Newly Remodeled Charming home! House
| 3 bd · 1 ba · sleeps 5 | $31,504 | $190 | 45% | 4.8★ (32) | 404 ft | AirbnbVrbo |
Large 4 bedroom w/ play space, office, 3 king beds House
| 4 bd · 3 ba · sleeps 10 | $50,170 | $247 | 56% | 5★ (43) | 0.3 mi | AirbnbVrbo |
The Zen Den | Hidden Gem House | 2 bd · 1 ba · sleeps 4 | $47,730 | $187 | 70% | 4.9★ (55) | 0.4 mi | Airbnb |
Redding River House II, Stunning River Location. House
| 2 bd · 2 ba · sleeps 6 | $12,586 | $203 | 17% | 5★ (1) | 0.4 mi | Vrbo |
Foosball+King Bed Costco Closeby Huge Master Suite House | 4 bd · 2.5 ba · sleeps 10 | $42,149 | $270 | 43% | 4.2★ (17) | 0.4 mi | Airbnb |
The Rivercrest Branch House | Spacious + Bright House
| 4 bd · 2.5 ba · sleeps 9 | $47,857 | $391 | 34% | 4.7★ (20) | 0.4 mi | AirbnbVrboBooking |
Jardin Pasatiempo with Gourmet Kitchen & EV Charger House
| 2 bd · 2.5 ba · sleeps 6 | $51,164 | $256 | 55% | 5★ (302) | 0.6 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
Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$39,187
NOI
$17,782
Cash flow /mo
-$560
Cash needed
$126,771
Cash-on-cash
-5.3%
ROE (yr 1)
5.3%
Cap rate
4.8%
DSCR
0.73
Year-1 write-off
$109,793
Year-1 tax shield @ 32%
$35,134
Year-1 return on equity
- Cash flow (annual)-$6,716
- Principal paydown$2,304
- Appreciation at%$11,097
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)$7,837
- Platform fees (3% of revenue)$1,176
- Maintenance / capex (5% of revenue)$1,959
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,624
- Insurance (STR-rated)$2,164
Cash needed to close
- Down payment (25%)$92,475
- Closing costs (4.0%)$14,796
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$35,134
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)
$90,000 · 30%
Year-1 deduction
$110,000
Year-1 tax shield @ 32%
$35,000
Land 18% (county tax record, assessed value split) · building $215,000 over 39 years · new furniture $20,000
Based on: 1,172 sq ft, built 1959, 3 bd / 2 ba, unfurnished, listing features (fence).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $84,000 in year 1 (21% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,600
Kitchen cabinetsdefault
$8,400 new × 40% good × 3.17 allocation
- $8,700
Kitchen countertopsdefault
$6,800 new × 40% good × 3.17 allocation
- $2,600
Decorative trimdefault
$2,100 new × 40% good × 3.17 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.17 allocation
- $1,500
Shelvingdefault
$1,200 new × 40% good × 3.17 allocation
- $3,800
Window coverings (12)default
$3,000 new × 40% good × 3.17 allocation
- $3,800
Carpet, vinyl & laminate (40% of floors)default
$3,000 new × 40% good × 3.17 allocation
- $8,200
Kitchen & laundry equipment plumbingdefault
$6,500 new × 40% good × 3.17 allocation
- $5,000
Kitchen, laundry & data equipment electricaldefault
$3,900 new × 40% good × 3.17 allocation
- $10,300
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 3.17 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,200
Paving: driveway & walks (paved)default
$7,100 new × 50% good × 3.17 allocation
- $10,800
Landscaping (typical)default
$6,800 new × 50% good × 3.17 allocation
- $1,800
Patiosdefault
$1,200 new × 50% good × 3.17 allocation
- $1,800
Decks & porches (attached)default
$1,200 new × 50% good × 3.17 allocation
- $9,500
Fencinglisting
$6,000 new × 50% good × 3.17 allocation
- $160,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$126,600 new × 40% good × 3.17 allocation
- $16,600
Building plumbing & fixturesdefault
$13,100 new × 40% good × 3.17 allocation
- $15,400
Building electrical & lightingdefault
$12,100 new × 40% good × 3.17 allocation
- $16,700
HVACdefault
$13,200 new × 40% good × 3.17 allocation
- $5,700
Hardwood & tile floorsdefault
$4,500 new × 40% good × 3.17 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $74,400 | $35,200 | $200 | $109,800 |
| 2 | $0 | $0 | $5,500 | $5,500 |
| 3 | $0 | $0 | $5,500 | $5,500 |
| 4 | $0 | $0 | $5,500 | $5,500 |
| 5 | $0 | $0 | $5,500 | $5,500 |
| 6+ | $0 | $0 | $192,400 | $192,400 |
| Total | $74,400 | $35,200 | $214,700 | $324,200 |
The building's share of the price ($305,000) is 3.2x our depreciated replacement cost of the home ($96,000). 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.