STR Yield
← Back to deals
MortgageCash
3605 Summit Dr

3605 Summit Dr

Redding, CA 96001

$375,000

4 bd · 2 ba · 1,569 sqft · Listed 20d ago

View on Realtor.com →
Low confidence

Year built

1977

Sqft

1,569

Lot sqft

14,375

HOA / mo

$0

Furnished

No

List date

2026-09-09T10:38:25.000000Z

Revenue

Annual revenue

$44,606

ADR

$226

Occupancy

54%

Cleaning fees (12 mo)

$7,995

Confidence

Low (16.74), 12 comps

Comp revenue range (p25 / median / p75)

$10,275$44,060$75,605

  • Charming Vintage Home with Character and a View

    House · 4 bd · 2 ba · sleeps 9 · 1.3 mi

    Revenue $4,110ADR $155Occ ≈ 7%4.7★ (23)

    Airbnb

  • Garden Tract 4BR: 2 Living Areas, Hot Tub & Patio

    House · 4 bd · 2 ba · sleeps 10 · 1.4 mi

    Revenue $12,330ADR $121Occ ≈ 28%4.9★ (26)

    Airbnb

  • The Perch @ Sunglow | Quiet, Cozy, Family Friendly

    House · 4 bd · 2 ba · sleeps 9 · 1.5 mi

    Revenue $18,179ADR $131Occ ≈ 38%5★ (1)

    Airbnb

  • The Stratford | Pool/Hot Tub + Arcade + Modern

    House · 4 bd · 3 ba · sleeps 11 · 1.6 mi

    Revenue $71,867ADR $469Occ ≈ 42%4.8★ (85)

    AirbnbVrbo

  • Downtown Charmer

    House · 4 bd · 2 ba · sleeps 4 · 1.6 mi

    Revenue $2,518ADR $119Occ ≈ 6%4★ (1)

    AirbnbVrbo

  • Cozy 4bd House with Hot tub and Pool, Quiet Area

    House · 4 bd · 3 ba · sleeps 9 · 1.6 mi

    Revenue $73,706ADR $327Occ ≈ 62%4.9★ (102)

    AirbnbVrbo

  • House in the Clouds

    Vacation home · 4 bd · 2 ba · sleeps 8 · 1.7 mi

    Revenue $98,906ADR $352Occ ≈ 77%5★ (2)

    Booking

  • The Bostonian▪︎Pool💦Hot Tub🌀 Arcade🎮Billiards🎱

    Vacation home · 4 bd · 2 ba · sleeps 9 · 1.7 mi

    Revenue $81,303ADR $557Occ ≈ 40%5★ (111)

    AirbnbVrbo

  • House In The Clouds - Perfect Summer Getaway

    House · 4 bd · 2 ba · sleeps 8 · 1.7 mi

    Revenue $97,172ADR $380Occ ≈ 70%4.8★ (83)

    AirbnbVrbo

  • Charming and Spacious Renovated 1940’s Home

    House · 4 bd · 2 ba · sleeps 8 · 1.8 mi

    Revenue $1,209ADR $0Occ ≈ —5★ (41)

    AirbnbVrbo

Show all 12 comps

  • House of Providence - 2 Kg Beds-Sleeps 10

    House · 4 bd · 2 ba · sleeps 10 · 1.8 mi

    Revenue $31,477ADR $329Occ ≈ 26%4.8★ (51)

    Airbnb

  • Redding Ranch Style House with Pool

    House · 4 bd · 2 ba · sleeps 6 · 2.1 mi

    Revenue $56,643ADR $209Occ ≈ 74%4.9★ (274)

    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

Est. revenue

$44,606

NOI

$21,598

Cash flow /mo

$1,800

Cash needed

$413,000

Cash-on-cash (all cash)

5.2%

ROE (yr 1)

8.0%

Cap rate

5.8%

DSCR

—

Year-1 write-off

$108,469

Year-1 tax shield @ 32%

$34,710

Year-1 return on equity

  • Cash flow (annual)$21,598
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,250
ROE8.0%
ROE incl. year-1 tax savings (32% bracket, STR loophole)16.4%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$8,921
  • Platform fees (3% of revenue)$1,338
  • Maintenance / capex (5% of revenue)$2,230
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,688
  • Insurance (STR-rated)$2,194

Cash needed to close

  • Purchase price (all cash)$375,000
  • Closing costs (4.0%)$15,000
  • Furnishing (bought new)$23,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$34,710

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

$325,000

Short-life (5/15-yr)

$85,000 · 26%

Year-1 deduction

$108,000

Year-1 tax shield @ 32%

$35,000

Land 13% (county tax record, assessed value split) · building $241,000 over 39 years · new furniture $23,000

Based on: 1,569 sq ft, built 1977, 4 bd / 2 ba, unfurnished, listing features (fireplace, flooring types).

IRS-guide safe-harbor floor: $84,000 in year 1 (18% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$82,000

  • Kitchen cabinetsdefault

    $9,200 new × 40% good × 2.68 allocation

    $9,900

  • Kitchen countertopsdefault

    $7,600 new × 40% good × 2.68 allocation

    $8,100

  • Decorative trimdefault

    $2,700 new × 40% good × 2.68 allocation

    $2,900

  • Mirrorsdefault

    $300 new × 40% good × 2.68 allocation

    $300

  • Shelvingdefault

    $1,500 new × 40% good × 2.68 allocation

    $1,600

  • Window coverings (16)default

    $4,000 new × 40% good × 2.68 allocation

    $4,300

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

    $10,100 new × 40% good × 2.68 allocation

    $10,800

  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 40% good × 2.68 allocation

    $7,700

  • Kitchen, laundry & data equipment electricaldefault

    $4,300 new × 40% good × 2.68 allocation

    $4,700

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

    $8,100 new × 40% good × 2.68 allocation

    $8,700

  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
15-year land improvements$25,700

  • Paving: driveway & walks (paved)default

    $8,200 new × 50% good × 2.68 allocation

    $11,000

  • Landscaping (typical)default

    $7,900 new × 50% good × 2.68 allocation

    $10,600

  • Patiosdefault

    $1,500 new × 50% good × 2.68 allocation

    $2,100

  • Decks & porches (attached)default

    $1,500 new × 50% good × 2.68 allocation

    $2,100
Building, 39-year$240,700

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

    $169,600 new × 40% good × 2.68 allocation

    $181,700

  • Building plumbing & fixturesdefault

    $17,600 new × 40% good × 2.68 allocation

    $18,900

  • Building electrical & lightingdefault

    $17,200 new × 40% good × 2.68 allocation

    $18,400

  • HVACdefault

    $17,700 new × 40% good × 2.68 allocation

    $18,900

  • Fireplacelisting

    $2,600 new × 40% good × 2.68 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$82,000$25,700$800$108,500
2$0$0$6,200$6,200
3$0$0$6,200$6,200
4$0$0$6,200$6,200
5$0$0$6,200$6,200
6+$0$0$215,200$215,200
Total$82,000$25,700$240,700$348,400

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.