1834 Winterwood Ct
Redding, CA 96002
$368,800
3 bd · 2 ba · 1,276 sqft · Listed 11d ago
View on Realtor.com →Year built
1986
Sqft
1,276
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-09-18T22:03:13.000000Z
Revenue
Annual revenue
$35,683
ADR
$154
Occupancy
63%
Cleaning fees (12 mo)
$7,034
Confidence
Low (41.16), 5 comps
Comp revenue range (p25 / median / p75)
Calm, Cozy & Clean (5 beds + pooltable & foosball)
House · 3 bd · 1.5 ba · sleeps 7 · 0.3 mi
Revenue $36,486ADR $198Occ ≈ 50%5★ (199)
Sweet Escape. Cozy, central, fireplace & Netflix.
House · 3 bd · 2 ba · sleeps 8 · 0.5 mi
Revenue $46,864ADR $162Occ ≈ 79%4.8★ (394)
Cozy 3/2 Mid-Century Modern Home With Backyard
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $10,721ADR $101Occ ≈ 29%4.8★ (8)
LUXE Modern getaway retreat
House · 3 bd · 1.5 ba · sleeps 6 · 0.7 mi
Revenue $13,556ADR $154Occ ≈ 24%4.8★ (7)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Timber Haven- Cozy Nest w/Hot Tub & EV Charger House | 3 bd · 2 ba · sleeps 6 | $50,959 | $221 | 63% | 5★ (205) | 0.1 mi | AirbnbVrbo |
Calm, Cozy & Clean (5 beds + pooltable & foosball) House | 3 bd · 1.5 ba · sleeps 7 | $36,486 | $198 | 50% | 5★ (199) | 0.3 mi | Airbnb |
Sweet Escape. Cozy, central, fireplace & Netflix. House | 3 bd · 2 ba · sleeps 8 | $46,864 | $162 | 79% | 4.8★ (394) | 0.5 mi | Airbnb |
Cozy 3/2 Mid-Century Modern Home With Backyard House | 3 bd · 2 ba · sleeps 6 | $10,721 | $101 | 29% | 4.8★ (8) | 0.6 mi | Airbnb |
LUXE Modern getaway retreat House | 3 bd · 1.5 ba · sleeps 6 | $13,556 | $154 | 24% | 4.8★ (7) | 0.7 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
$35,683
NOI
$15,277
Cash flow /mo
-$714
Cash needed
$126,452
Cash-on-cash
-6.8%
ROE (yr 1)
3.9%
Cap rate
4.1%
DSCR
0.64
Year-1 write-off
$114,888
Year-1 tax shield @ 32%
$36,764
Year-1 return on equity
- Cash flow (annual)-$8,571
- Principal paydown$2,413
- Appreciation at%$11,064
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$7,137
- Platform fees (3% of revenue)$1,070
- Maintenance / capex (5% of revenue)$1,784
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,610
- Insurance (STR-rated)$2,157
Cash needed to close
- Down payment (25%)$92,200
- Closing costs (4.0%)$14,752
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$36,764
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
$284,000
Short-life (5/15-yr)
$95,000 · 33%
Year-1 deduction
$115,000
Year-1 tax shield @ 32%
$37,000
Land 23% (county tax record, assessed value split) · building $190,000 over 39 years · new furniture $20,000
Based on: 1,276 sq ft, built 1986, 3 bd / 2 ba, unfurnished, listing features (covered patio, fence, flooring types).
IRS-guide safe-harbor floor: $93,000 in year 1 (26% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,000
Kitchen cabinetsdefault
$8,600 new × 40% good × 2.63 allocation
- $7,400
Kitchen countertopsdefault
$7,000 new × 40% good × 2.63 allocation
- $2,400
Decorative trimdefault
$2,200 new × 40% good × 2.63 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.63 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.63 allocation
- $3,400
Window coverings (13)default
$3,300 new × 40% good × 2.63 allocation
- $8,600
Carpet, vinyl & laminate (100% of floors)listing
$8,200 new × 40% good × 2.63 allocation
- $7,000
Kitchen & laundry equipment plumbingdefault
$6,700 new × 40% good × 2.63 allocation
- $4,300
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 40% good × 2.63 allocation
- $8,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.63 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,700
Paving: driveway & walks (paved)default
$7,400 new × 50% good × 2.63 allocation
- $9,400
Landscaping (typical)default
$7,100 new × 50% good × 2.63 allocation
- $13,800
Covered patiolisting
$10,500 new × 50% good × 2.63 allocation
- $1,700
Decks & porches (attached)default
$1,300 new × 50% good × 2.63 allocation
- $7,900
Fencinglisting
$6,000 new × 50% good × 2.63 allocation
- $145,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$137,900 new × 40% good × 2.63 allocation
- $15,100
Building plumbing & fixturesdefault
$14,300 new × 40% good × 2.63 allocation
- $14,200
Building electrical & lightingdefault
$13,400 new × 40% good × 2.63 allocation
- $15,100
HVACdefault
$14,400 new × 40% good × 2.63 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $71,800 | $42,500 | $600 | $114,900 |
| 2 | $0 | $0 | $4,900 | $4,900 |
| 3 | $0 | $0 | $4,900 | $4,900 |
| 4 | $0 | $0 | $4,900 | $4,900 |
| 5 | $0 | $0 | $4,900 | $4,900 |
| 6+ | $0 | $0 | $169,500 | $169,500 |
| Total | $71,800 | $42,500 | $189,500 | $303,800 |
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.