3090 Valentine Ln
Redding, CA 96001
$679,900
3 bd · 2 ba · 1,892 sqft · Listed 5d ago
View on Realtor.com →Year built
1965
Sqft
1,892
Lot sqft
22,216
HOA / mo
$0
Furnished
No
List date
2026-09-24T16:25:00.000000Z
Revenue
Annual revenue
$33,392
ADR
$160
Occupancy
57%
Cleaning fees (12 mo)
$4,694
Confidence
Low (22.91), 8 comps
Comp revenue range (p25 / median / p75)
The Wilshire House-Redding, Ca
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $7,131ADR $335Occ ≈ 6%5★ (3)
Peaceful 3BR Near Hospitals, Trails, and Downtown
House · 3 bd · 2 ba · sleeps 4 · 0.3 mi
Revenue $8,234ADR $85Occ ≈ 27%—
Newly Renovated Modern Home
House · 3 bd · 1 ba · sleeps 6 · 0.4 mi
Revenue $19,097ADR $83Occ ≈ 63%—
*Wow A Slice of Heaven Get Away
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $604ADR $151Occ ≈ 1%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
~Rest, Recreate and Refresh~ House | 3 bd · 1 ba · sleeps 6 | $38,612 | $164 | 65% | 4.8★ (399) | 125 ft | AirbnbVrbo |
The Pineapple House *Best Reviews* Private Pool! House | 3 bd · 2 ba · sleeps 6 | $48,664 | $328 | 41% | 5★ (306) | 0.2 mi | AirbnbVrbo |
The Wilshire House-Redding, Ca House | 3 bd · 2 ba · sleeps 6 | $7,131 | $335 | 6% | 5★ (3) | 0.3 mi | Airbnb |
Peaceful 3BR Near Hospitals, Trails, and Downtown House | 3 bd · 2 ba · sleeps 4 | $8,234 | $85 | 27% | — | 0.3 mi | Airbnb |
Riverfront Redding Retreat | Fireplace, AC, WiFi House | 3 bd · 2 ba · sleeps 6 | $27,207 | $170 | 44% | 5★ (5) | 0.4 mi | AirbnbVrboBooking |
Newly Renovated Modern Home House | 3 bd · 1 ba · sleeps 6 | $19,097 | $83 | 63% | — | 0.4 mi | Airbnb |
*Wow A Slice of Heaven Get Away House | 3 bd · 2 ba · sleeps 6 | $604 | $151 | 1% | — | 0.5 mi | Airbnb |
* WOW* A Slice of Heaven GetAway 4 beds House | 3 bd · 2 ba · sleeps 6 | $20,884 | $131 | 44% | 5★ (8) | 0.5 mi | 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
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$33,392
NOI
$8,386
Cash flow /mo
-$2,965
Cash needed
$216,671
Cash-on-cash
-16.4%
ROE (yr 1)
-5.0%
Cap rate
1.2%
DSCR
0.19
Year-1 write-off
$170,067
Year-1 tax shield @ 32%
$54,421
Year-1 return on equity
- Cash flow (annual)-$35,579
- Principal paydown$4,449
- Appreciation at%$20,397
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,678
- Platform fees (3% of revenue)$1,002
- Maintenance / capex (5% of revenue)$1,670
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,499
- Insurance (STR-rated)$3,977
Cash needed to close
- Down payment (25%)$169,975
- Closing costs (4.0%)$27,196
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$54,421
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
$527,000
Short-life (5/15-yr)
$149,000 · 28%
Year-1 deduction
$170,000
Year-1 tax shield @ 32%
$54,000
Land 22% (county tax record, assessed value split) · building $378,000 over 39 years · new furniture $20,000
Based on: 1,892 sq ft, built 1965, 3 bd / 2 ba, unfurnished, listing features (deck, patio, fence, fireplace, flooring types, appliance list, septic).
IRS-guide safe-harbor floor: $106,000 in year 1 (16% short-life, $34,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $12,800
Kitchen cabinetsdefault
$9,900 new × 40% good × 3.22 allocation
- $10,500
Kitchen countertopsdefault
$8,100 new × 40% good × 3.22 allocation
- $4,300
Decorative trimdefault
$3,300 new × 40% good × 3.22 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.22 allocation
- $1,500
Shelvingdefault
$1,200 new × 40% good × 3.22 allocation
- $6,100
Window coverings (19)default
$4,800 new × 40% good × 3.22 allocation
- $7,900
Carpet, vinyl & laminate (50% of floors)listing
$6,100 new × 40% good × 3.22 allocation
- $10,000
Kitchen & laundry equipment plumbingdefault
$7,700 new × 40% good × 3.22 allocation
- $6,000
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 40% good × 3.22 allocation
- $3,600
Appliances (range, dishwasher)listing
$2,800 new × 40% good × 3.22 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $14,500
Paving: driveway & walks (paved)default
$9,000 new × 50% good × 3.22 allocation
- $14,000
Landscaping (typical)default
$8,700 new × 50% good × 3.22 allocation
- $13,700
Patioslisting
$8,500 new × 50% good × 3.22 allocation
- $34,300
Decks & porches (attached)listing
$21,300 new × 50% good × 3.22 allocation
- $9,700
Fencinglisting
$6,000 new × 50% good × 3.22 allocation
- $264,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$205,200 new × 40% good × 3.22 allocation
- $27,400
Building plumbing & fixturesdefault
$21,300 new × 40% good × 3.22 allocation
- $27,400
Building electrical & lightingdefault
$21,300 new × 40% good × 3.22 allocation
- $27,500
HVACdefault
$21,300 new × 40% good × 3.22 allocation
- $7,900
Hardwood & tile floorsdefault
$6,100 new × 40% good × 3.22 allocation
- $3,400
Fireplacelisting
$2,600 new × 40% good × 3.22 allocation
- $19,300
Septic systemlisting
$12,000 new × 50% good × 3.22 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $82,600 | $86,200 | $1,200 | $170,100 |
| 2 | $0 | $0 | $9,700 | $9,700 |
| 3 | $0 | $0 | $9,700 | $9,700 |
| 4 | $0 | $0 | $9,700 | $9,700 |
| 5 | $0 | $0 | $9,700 | $9,700 |
| 6+ | $0 | $0 | $337,700 | $337,700 |
| Total | $82,600 | $86,200 | $377,600 | $546,400 |
The building's share of the price ($527,000) is 3.2x our depreciated replacement cost of the home ($163,000). 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 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.