2472 Corona St
Redding, CA 96002
$289,900
3 bd · 2 ba · 1,008 sqft · Listed 1d ago
View on Realtor.com →Year built
1975
Sqft
1,008
Lot sqft
5,227
HOA / mo
$0
Furnished
No
List date
2026-10-21T17:45:22.000000Z
Revenue
Annual revenue
$38,417
ADR
$170
Occupancy
62%
Cleaning fees (12 mo)
$4,764
Confidence
Low (21.11), 8 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $37,149
LUXE Modern getaway retreat
House · 3 bd · 1.5 ba · sleeps 6 · 0.1 mi
Revenue $10,293ADR $155Occ ≈ 18%4.8★ (7)
Delisted
Cozy home in nice neighborhood next to largest park in Redding ! Pet friendly.
House · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $52,622ADR $404Occ ≈ 36%4.5★ (2)
Delisted
House+ADU+Pool + RV/Boat Parking
House · 4 bd · 3 ba · sleeps 10 · 0.4 mi
- Pool
- A/C
- Free parking
- Pets OK
- +3
Revenue $4,286ADR $499Occ ≈ 2%5★ (6)
Calm, Cozy & Clean (5 beds + pooltable & foosball)
House · 3 bd · 1.5 ba · sleeps 7 · 0.4 mi
- Free parking
- Wifi
- Kitchen
- Washer
- +1
Revenue $33,641ADR $201Occ ≈ 46%5★ (203)
Sweet Escape. Cozy, central, fireplace & Netflix.
House · 3 bd · 2 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $46,477ADR $162Occ ≈ 79%4.8★ (399)
Modern Stay Near Parks & Shops
Guest house · 2 bd · 1 ba · sleeps 5 · 0.5 mi
Revenue $21,863ADR $168Occ ≈ 36%4.5★ (2)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
LUXE Modern getaway retreat House | 3 bd · 1.5 ba · sleeps 6 | $10,293 | $155 | 18% | 4.8★ (7) | 0.1 mi | Delisted |
Cozy home in nice neighborhood next to largest park in Redding ! Pet friendly. House | 2 bd · 2 ba · sleeps 6 | $52,622 | $404 | 36% | 4.5★ (2) | 0.3 mi | Delisted |
House+ADU+Pool + RV/Boat Parking House
| 4 bd · 3 ba · sleeps 10 | $4,286 | $499 | 2% | 5★ (6) | 0.4 mi | Airbnb |
Calm, Cozy & Clean (5 beds + pooltable & foosball) House
| 3 bd · 1.5 ba · sleeps 7 | $33,641 | $201 | 46% | 5★ (203) | 0.4 mi | Airbnb |
Sweet Escape. Cozy, central, fireplace & Netflix. House
| 3 bd · 2 ba · sleeps 8 | $46,477 | $162 | 79% | 4.8★ (399) | 0.5 mi | Airbnb |
Modern Stay Near Parks & Shops Guest house | 2 bd · 1 ba · sleeps 5 | $21,863 | $168 | 36% | 4.5★ (2) | 0.5 mi | Delisted |
Forest Hill Resort: Heated Pool +Billiards +Trails House
| 4 bd · 2 ba · sleeps 12 | $102,651 | $524 | 54% | 4.9★ (146) | 0.5 mi | AirbnbVrbo |
Forest Homes Retreat House
| 3 bd · 2 ba · sleeps 6 | $40,656 | $291 | 38% | 5★ (53) | 0.6 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium
Est. revenue
$38,417
NOI
$18,575
Cash flow /mo
-$70
Cash needed
$103,571
Cash-on-cash
-0.8%
ROE (yr 1)
9.3%
Cap rate
6.4%
DSCR
0.96
Year-1 write-off
$83,576
Year-1 tax shield @ 32%
$26,744
Year-1 return on equity
- Cash flow (annual)-$843
- Principal paydown$1,763
- Appreciation at%$8,697
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)$7,683
- Platform fees (3% of revenue)$1,153
- Maintenance / capex (5% of revenue)$1,921
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,624
- Insurance (STR-rated)$1,696
Cash needed to close
- Down payment (25%)$72,475
- Closing costs (4.0%)$11,596
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$26,744
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
$209,000
Short-life (5/15-yr)
$64,000 · 31%
Year-1 deduction
$84,000
Year-1 tax shield @ 32%
$27,000
Land 28% (county tax record, assessed value split) · building $145,000 over 39 years · new furniture $20,000
Based on: 1,008 sq ft, built 1975, 3 bd / 2 ba, unfurnished, listing features (fireplace, flooring types).
Try the cost segregation calculator on any property →
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.
- $8,100
Kitchen cabinetsdefault
$8,000 new × 40% good × 2.51 allocation
- $6,600
Kitchen countertopsdefault
$6,600 new × 40% good × 2.51 allocation
- $1,800
Decorative trimdefault
$1,800 new × 40% good × 2.51 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.51 allocation
- $1,200
Shelvingdefault
$1,200 new × 40% good × 2.51 allocation
- $2,500
Window coverings (10)default
$2,500 new × 40% good × 2.51 allocation
- $6,500
Carpet, vinyl & laminate (100% of floors)listing
$6,500 new × 40% good × 2.51 allocation
- $6,300
Kitchen & laundry equipment plumbingdefault
$6,200 new × 40% good × 2.51 allocation
- $3,800
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 2.51 allocation
- $8,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.51 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,300
Paving: driveway & walks (paved)default
$6,600 new × 50% good × 2.51 allocation
- $8,000
Landscaping (typical)default
$6,300 new × 50% good × 2.51 allocation
- $1,300
Patiosdefault
$1,000 new × 50% good × 2.51 allocation
- $1,300
Decks & porches (attached)default
$1,000 new × 50% good × 2.51 allocation
- $109,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$108,600 new × 40% good × 2.51 allocation
- $11,300
Building plumbing & fixturesdefault
$11,300 new × 40% good × 2.51 allocation
- $10,100
Building electrical & lightingdefault
$10,000 new × 40% good × 2.51 allocation
- $11,400
HVACdefault
$11,400 new × 40% good × 2.51 allocation
- $2,600
Fireplacelisting
$2,600 new × 40% good × 2.51 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $64,700 | $18,700 | $200 | $83,600 |
| 2 | $0 | $0 | $3,700 | $3,700 |
| 3 | $0 | $0 | $3,700 | $3,700 |
| 4 | $0 | $0 | $3,700 | $3,700 |
| 5 | $0 | $0 | $3,700 | $3,700 |
| 6+ | $0 | $0 | $129,800 | $129,800 |
| Total | $64,700 | $18,700 | $144,800 | $228,200 |
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.