2624 Howard Dr
Redding, CA 96001
$374,900
3 bd · 2 ba · 1,311 sqft · Listed 14d ago
View on Realtor.com →Year built
1989
Sqft
1,311
Lot sqft
10,890
HOA / mo
$0
Furnished
No
List date
2026-09-15T17:10:20.000000Z
Revenue
Annual revenue
$36,511
ADR
$139
Occupancy
72%
Cleaning fees (12 mo)
$5,130
Confidence
Low (24.94), 28 comps
Comp revenue range (p25 / median / p75)
At Home in the Forest- Huge Deck-Sleeps 8
House · 3 bd · 2 ba · sleeps 8 · 0.4 mi
Revenue $12,013ADR $175Occ ≈ 19%4.8★ (11)
Hillside home with large deck in a woodsy area. Sleeps 8
House · 3 bd · 2 ba · sleeps 8 · 0.7 mi
Revenue $14,234ADR $229Occ ≈ 17%—
"Newly renovated Westside bungalow"
Bungalow · 3 bd · 1 ba · sleeps 4 · 1.1 mi
Revenue $39,072ADR $126Occ ≈ 85%5★ (167)
Peaceful 3BR Near Hospitals, Trails, and Downtown
House · 3 bd · 2 ba · sleeps 4 · 1.3 mi
Revenue $8,234ADR $85Occ ≈ 27%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Harmony Haven House | 3 bd · 2 ba · sleeps 6 | $31,144 | $172 | 50% | 4.7★ (141) | 0.4 mi | AirbnbBooking |
At Home in the Forest- Huge Deck-Sleeps 8 House | 3 bd · 2 ba · sleeps 8 | $12,013 | $175 | 19% | 4.8★ (11) | 0.4 mi | Airbnb |
Modern Home | Bright Spacious Full Kitchen Garage House | 3 bd · 2 ba · sleeps 6 | $53,849 | $181 | 82% | 4.8★ (130) | 0.7 mi | AirbnbVrboBooking |
Hillside home with large deck in a woodsy area. Sleeps 8 House | 3 bd · 2 ba · sleeps 8 | $14,234 | $229 | 17% | — | 0.7 mi | Vrbo |
"Newly renovated Westside bungalow" Bungalow | 3 bd · 1 ba · sleeps 4 | $39,072 | $126 | 85% | 5★ (167) | 1.1 mi | Airbnb |
The Pineapple House *Best Reviews* Private Pool! House | 3 bd · 2 ba · sleeps 6 | $48,664 | $328 | 41% | 5★ (306) | 1.2 mi | AirbnbVrbo |
5 Mi to Sundial Bridge & River! Pet-Friendly Haven House | 3 bd · 2 ba · sleeps 8 | $19,051 | $453 | 12% | 4.5★ (2) | 1.3 mi | AirbnbVrboBooking |
Peaceful 3BR Near Hospitals, Trails, and Downtown House | 3 bd · 2 ba · sleeps 4 | $8,234 | $85 | 27% | — | 1.3 mi | Airbnb |
~Rest, Recreate and Refresh~ House | 3 bd · 1 ba · sleeps 6 | $38,612 | $164 | 65% | 4.8★ (399) | 1.4 mi | AirbnbVrbo |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 1.5 mi | AirbnbVrbo |
Show all 28 comps
The Wilshire House-Redding, Ca
House · 3 bd · 2 ba · sleeps 6 · 1.5 mi
Revenue $7,131ADR $335Occ ≈ 6%5★ (3)
Newly Renovated Modern Home
House · 3 bd · 1 ba · sleeps 6 · 1.6 mi
Revenue $19,097ADR $83Occ ≈ 63%—
*Wow A Slice of Heaven Get Away
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $604ADR $151Occ ≈ 1%—
Updated-3 bd with garage - 30+ Day Rental
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $16,381ADR $94Occ ≈ 48%5★ (2)
Modern 3BR Extended Stay Retreat – 30+ Day
House · 3 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $5,302ADR $96Occ ≈ 15%4.8★ (29)
Comfortable and style, near downtown vibe, cafes, supermarket
Apartment · 3 bd · 1 ba · sleeps 6 · 2.0 mi
Revenue $11,672ADR $74Occ ≈ 43%—
Downtown 3 bdrm Apt 4, close to cafes, supermarket
Apartment · 3 bd · 1 ba · sleeps 5 · 2.1 mi
Revenue $12,633ADR $79Occ ≈ 44%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Wilshire House-Redding, Ca House | 3 bd · 2 ba · sleeps 6 | $7,131 | $335 | 6% | 5★ (3) | 1.5 mi | Airbnb |
Andes Restful Retreat House | 3 bd · 2.5 ba · sleeps 7 | $64,989 | $294 | 61% | 4.8★ (75) | 1.6 mi | AirbnbVrbo |
Newly Renovated Modern Home House | 3 bd · 1 ba · sleeps 6 | $19,097 | $83 | 63% | — | 1.6 mi | Airbnb |
The Olive Get-Away | Pool💦 Game Room🏓 & BBQ♨️ House | 3 bd · 2 ba · sleeps 8 | $64,835 | $298 | 60% | 4.9★ (175) | 1.7 mi | AirbnbVrbo |
Riverfront Redding Retreat | Fireplace, AC, WiFi House | 3 bd · 2 ba · sleeps 6 | $27,207 | $170 | 44% | 5★ (5) | 1.8 mi | AirbnbVrboBooking |
Bright Redding Getaway House | 3 bd · 2 ba · sleeps 6 | $37,182 | $201 | 51% | 5★ (25) | 1.8 mi | AirbnbVrbo |
Comfortable home near river access trail House | 3 bd · 1 ba · sleeps 6 | $58,315 | $304 | 53% | 4.8★ (48) | 1.9 mi | AirbnbVrboBooking |
*Wow A Slice of Heaven Get Away House | 3 bd · 2 ba · sleeps 6 | $604 | $151 | 1% | — | 1.9 mi | Airbnb |
* WOW* A Slice of Heaven GetAway 4 beds House | 3 bd · 2 ba · sleeps 6 | $20,884 | $131 | 44% | 5★ (8) | 1.9 mi | AirbnbVrbo |
Updated-3 bd with garage - 30+ Day Rental House | 3 bd · 2 ba · sleeps 6 | $16,381 | $94 | 48% | 5★ (2) | 1.9 mi | Airbnb |
Modern 3BR Extended Stay Retreat – 30+ Day House | 3 bd · 2 ba · sleeps 6 | $5,302 | $96 | 15% | 4.8★ (29) | 1.9 mi | Airbnb |
Comfortable and style, near downtown vibe, cafes, supermarket Apartment | 3 bd · 1 ba · sleeps 6 | $11,672 | $74 | 43% | — | 2.0 mi | Vrbo |
3 bdrm, downtown near hospitals & cafes. Apt 1. Apartment | 3 bd · 1 ba · sleeps 5 | $11,288 | $80 | 39% | 4.7★ (3) | 2.0 mi | AirbnbVrbo |
Chestnut Hill - a Downtown Charmer House | 3 bd · 1 ba · sleeps 6 | $4,203 | $545 | 2% | 4.8★ (34) | 2.0 mi | AirbnbVrbo |
Westside 3 bed + office/ 3 king beds/ trails! House | 3 bd · 3 ba · sleeps 9 | $40,556 | $237 | 47% | 5★ (14) | 2.0 mi | AirbnbVrbo |
{The Cessna Lookout} +Pool +Hot Tub +EV Charger House | 3 bd · 2.5 ba · sleeps 6 | $76,422 | $311 | 67% | 5★ (184) | 2.1 mi | AirbnbVrbo |
Mid-Century Home near downtown w/ Pool! House | 3 bd · 2 ba · sleeps 6 | $60,562 | $267 | 62% | 4.8★ (355) | 2.1 mi | AirbnbVrbo |
Downtown 3 bdrm Apt 4, close to cafes, supermarket Apartment | 3 bd · 1 ba · sleeps 5 | $12,633 | $79 | 44% | — | 2.1 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$36,511
NOI
$15,771
Cash flow /mo
-$706
Cash needed
$128,221
Cash-on-cash
-6.6%
ROE (yr 1)
4.1%
Cap rate
4.2%
DSCR
0.65
Year-1 write-off
$119,189
Year-1 tax shield @ 32%
$38,140
Year-1 return on equity
- Cash flow (annual)-$8,472
- Principal paydown$2,453
- Appreciation at%$11,247
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,302
- Platform fees (3% of revenue)$1,095
- Maintenance / capex (5% of revenue)$1,826
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,686
- Insurance (STR-rated)$2,193
Cash needed to close
- Down payment (25%)$93,725
- Closing costs (4.0%)$14,996
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$38,140
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
$306,000
Short-life (5/15-yr)
$99,000 · 32%
Year-1 deduction
$119,000
Year-1 tax shield @ 32%
$38,000
Land 18% (county tax record, assessed value split) · building $207,000 over 39 years · new furniture $20,000
Based on: 1,311 sq ft, built 1989, 3 bd / 2 ba, unfurnished, listing features (deck, flooring types).
IRS-guide safe-harbor floor: $77,000 in year 1 (18% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,700
Kitchen cabinetsdefault
$8,700 new × 40% good × 2.79 allocation
- $7,900
Kitchen countertopsdefault
$7,100 new × 40% good × 2.79 allocation
- $2,600
Decorative trimdefault
$2,300 new × 40% good × 2.79 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.79 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.79 allocation
- $3,600
Window coverings (13)default
$3,300 new × 40% good × 2.79 allocation
- $9,400
Carpet, vinyl & laminate (100% of floors)listing
$8,400 new × 40% good × 2.79 allocation
- $7,500
Kitchen & laundry equipment plumbingdefault
$6,700 new × 40% good × 2.79 allocation
- $4,600
Kitchen, laundry & data equipment electricaldefault
$4,100 new × 40% good × 2.79 allocation
- $9,000
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.79 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,500
Paving: driveway & walks (paved)default
$7,500 new × 50% good × 2.79 allocation
- $10,100
Landscaping (typical)default
$7,200 new × 50% good × 2.79 allocation
- $1,800
Patiosdefault
$1,300 new × 50% good × 2.79 allocation
- $20,600
Decks & porches (attached)listing
$14,700 new × 50% good × 2.79 allocation
- $158,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$141,700 new × 40% good × 2.79 allocation
- $16,400
Building plumbing & fixturesdefault
$14,700 new × 40% good × 2.79 allocation
- $15,500
Building electrical & lightingdefault
$13,900 new × 40% good × 2.79 allocation
- $16,500
HVACdefault
$14,800 new × 40% good × 2.79 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $75,600 | $43,000 | $700 | $119,200 |
| 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 | $184,900 | $184,900 |
| Total | $75,600 | $43,000 | $206,800 | $325,300 |
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.