STR Yield
← Back to deals
MortgageCash
200 Ridgetop Dr Apt 4

200 Ridgetop Dr Apt 4

Redding, CA 96003

$268,800

2 bd · 2.5 ba · 1,155 sqft · Listed 24d ago

View on Realtor.com →
Low confidence

Year built

1991

Sqft

1,155

Lot sqft

871

HOA / mo

$500

Furnished

No

List date

2026-09-05T16:20:32.000000Z

Revenue

Annual revenue

$46,983

ADR

$196

Occupancy

66%

Cleaning fees (12 mo)

$7,055

Confidence

Low (34.95), 9 comps

Comp revenue range (p25 / median / p75)

$19,023$44,667$49,296

  • Woodhill Estate*Walk by the River, Big yard!

    House · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $44,667ADR $152Occ ≈ 81%4.8★ (195)

    Airbnb

  • Cozy & Comfortable Furnished 3BR Home - 30+ Day

    House · 3 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $9,479ADR $85Occ ≈ 31%5★ (1)

    Airbnb

  • Sparkling Modern Home. Near Bethel!

    Cottage · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $32,564ADR $134Occ ≈ 67%5★ (273)

    AirbnbVrbo

  • Charming Escape at Park Place - Cozy & Central

    House · 3 bd · 2 ba · sleeps 8 · 0.5 mi

    Revenue $49,296ADR $221Occ ≈ 61%4.8★ (38)

    Airbnb

  • Emerald House. Designer remodel. King bed. Central

    House · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $48,045ADR $221Occ ≈ 60%4.8★ (394)

    AirbnbVrbo

  • Peaceful Family Hideaway, Private Fenced Yard

    House · 3 bd · 2.5 ba · sleeps 6 · 0.6 mi

    Revenue $81,745ADR $258Occ ≈ 87%5★ (124)

    AirbnbVrbo

  • Family Home | Fire Pit + Outdoor TV | Near Bethel

    House · 3 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $19,023ADR $245Occ ≈ 21%5★ (12)

    AirbnbVrbo

  • Beautiful Home w/ Hot Tub & Pool

    House · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $82,489ADR $390Occ ≈ 58%4.8★ (133)

    AirbnbVrbo

  • House of Favor, King Bed + 4Twins,Close to Bethel

    House · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $10,693ADR $183Occ ≈ 16%4.7★ (376)

    AirbnbVrboBooking

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

$46,983

NOI

$19,098

Cash flow /mo

$1,592

Cash needed

$295,552

Cash-on-cash (all cash)

6.5%

ROE (yr 1)

9.2%

Cap rate

7.1%

DSCR

—

Year-1 write-off

$80,155

Year-1 tax shield @ 32%

$25,649

Year-1 return on equity

  • Cash flow (annual)$19,098
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$8,064
ROE9.2%
ROE incl. year-1 tax savings (32% bracket, STR loophole)17.9%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$9,397
  • Platform fees (3% of revenue)$1,409
  • Maintenance / capex (5% of revenue)$2,349
  • Utilities & supplies$4,200
  • HOA$6,000
  • Property tax$3,360
  • Insurance (STR-rated)$1,572

Cash needed to close

  • Purchase price (all cash)$268,800
  • Closing costs (4.0%)$10,752
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$25,649

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

$222,000

Short-life (5/15-yr)

$64,000 · 29%

Year-1 deduction

$80,000

Year-1 tax shield @ 32%

$26,000

Land 17% (county tax record, assessed value split) · building $159,000 over 39 years · new furniture $16,000

Based on: 1,155 sq ft, built 1991, 2 bd / 2.5 ba, unfurnished, listing features (flooring types).

IRS-guide safe-harbor floor: $62,000 in year 1 (20% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$60,600

  • Kitchen cabinetsdefault

    $8,300 new × 40% good × 2.36 allocation

    $7,900

  • Kitchen countertopsdefault

    $6,800 new × 40% good × 2.36 allocation

    $6,400

  • Decorative trimdefault

    $2,000 new × 40% good × 2.36 allocation

    $1,900

  • Mirrorsdefault

    $300 new × 40% good × 2.36 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 2.36 allocation

    $800

  • Window coverings (12)default

    $3,000 new × 40% good × 2.36 allocation

    $2,800

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

    $7,400 new × 40% good × 2.36 allocation

    $7,000

  • Kitchen & laundry equipment plumbingdefault

    $6,500 new × 40% good × 2.36 allocation

    $6,100

  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 40% good × 2.36 allocation

    $3,700

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

    $8,100 new × 40% good × 2.36 allocation

    $7,600

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$19,000

  • Paving: driveway & walks (paved)default

    $7,000 new × 50% good × 2.36 allocation

    $8,300

  • Landscaping (typical)default

    $6,800 new × 50% good × 2.36 allocation

    $8,000

  • Patiosdefault

    $1,100 new × 50% good × 2.36 allocation

    $1,300

  • Decks & porches (attached)default

    $1,100 new × 50% good × 2.36 allocation

    $1,300
Building, 39-year$158,600

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

    $125,000 new × 42% good × 2.36 allocation

    $122,900

  • Building plumbing & fixturesdefault

    $12,900 new × 40% good × 2.36 allocation

    $12,200

  • Building electrical & lightingdefault

    $11,900 new × 40% good × 2.36 allocation

    $11,200

  • HVACdefault

    $13,000 new × 40% good × 2.36 allocation

    $12,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$60,600$19,000$500$80,200
2$0$0$4,100$4,100
3$0$0$4,100$4,100
4$0$0$4,100$4,100
5$0$0$4,100$4,100
6+$0$0$141,900$141,900
Total$60,600$19,000$158,600$238,300

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.