3697 Wolverine Dr
Redding, CA 96001
$335,000
4 bd · 2 ba · 1,674 sqft · Listed 1d ago
View on Realtor.com →Year built
1989
Sqft
1,674
Lot sqft
34,848
HOA / mo
$0
Furnished
No
List date
2026-10-07T18:24:36.000000Z
Revenue
Annual revenue
$48,472
ADR
$242
Occupancy
55%
Cleaning fees (12 mo)
$8,760
Confidence
Low (28.72), 11 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $32,397
Charming Vintage Home with Character and a View
House · 4 bd · 2 ba · sleeps 9 · 1.3 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $9,192ADR $162Occ ≈ 16%4.7★ (24)
Garden Tract 4BR: 2 Living Areas, Hot Tub & Patio
House · 4 bd · 2 ba · sleeps 10 · 1.4 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +3
Revenue $12,330ADR $121Occ ≈ 28%4.9★ (26)
The Perch @ Sunglow | Quiet, Cozy, Family Friendly
House · 4 bd · 2 ba · sleeps 9 · 1.5 mi
- Pool
- A/C
- Free parking
- Pets OK
- +3
Revenue $18,179ADR $131Occ ≈ 38%5★ (1)
House of Providence - 2 Kg Beds-Sleeps 10
House · 4 bd · 2 ba · sleeps 10 · 1.8 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $32,397ADR $333Occ ≈ 27%4.8★ (51)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Charming Vintage Home with Character and a View House
| 4 bd · 2 ba · sleeps 9 | $9,192 | $162 | 16% | 4.7★ (24) | 1.3 mi | Airbnb |
Garden Tract 4BR: 2 Living Areas, Hot Tub & Patio House
| 4 bd · 2 ba · sleeps 10 | $12,330 | $121 | 28% | 4.9★ (26) | 1.4 mi | Airbnb |
The Perch @ Sunglow | Quiet, Cozy, Family Friendly House
| 4 bd · 2 ba · sleeps 9 | $18,179 | $131 | 38% | 5★ (1) | 1.5 mi | Airbnb |
The Stratford | Pool/Hot Tub + Arcade + Airhockey! House
| 4 bd · 3 ba · sleeps 11 | $73,752 | $475 | 43% | 4.8★ (91) | 1.7 mi | AirbnbVrbo |
Cozy 4bd House with Hot tub and Pool, Quiet Area House | 4 bd · 3 ba · sleeps 9 | $70,125 | $344 | 56% | 4.9★ (102) | 1.7 mi | AirbnbVrbo |
House of Providence - 2 Kg Beds-Sleeps 10 House
| 4 bd · 2 ba · sleeps 10 | $32,397 | $333 | 27% | 4.8★ (51) | 1.8 mi | Airbnb |
The Bostonian▪︎Pool💦Hot Tub🌀 Arcade🎮Billiards🎱 Vacation home
| 4 bd · 2 ba · sleeps 9 | $84,799 | $549 | 42% | 5★ (115) | 1.8 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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$48,472
NOI
$25,055
Cash flow /mo
$239
Cash needed
$120,150
Cash-on-cash
2.4%
ROE (yr 1)
12.5%
Cap rate
7.5%
DSCR
1.13
Year-1 write-off
$88,281
Year-1 tax shield @ 32%
$28,250
Year-1 return on equity
- Cash flow (annual)$2,869
- Principal paydown$2,086
- Appreciation at%$10,050
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)$9,694
- Platform fees (3% of revenue)$1,454
- Maintenance / capex (5% of revenue)$2,424
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,188
- Insurance (STR-rated)$1,960
Cash needed to close
- Down payment (25%)$83,750
- Closing costs (4.0%)$13,400
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,250
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
$254,000
Short-life (5/15-yr)
$65,000 · 26%
Year-1 deduction
$88,000
Year-1 tax shield @ 32%
$28,000
Land 24% (county tax record, assessed value split) · building $189,000 over 39 years · new furniture $23,000
Based on: 1,674 sq ft, built 1989, 4 bd / 2 ba, unfurnished, listing features (flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $69,000 in year 1 (18% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,500
Kitchen cabinetsdefault
$9,500 new × 40% good × 1.99 allocation
- $6,200
Kitchen countertopsdefault
$7,700 new × 40% good × 1.99 allocation
- $2,300
Decorative trimdefault
$2,900 new × 40% good × 1.99 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.99 allocation
- $1,200
Shelvingdefault
$1,500 new × 40% good × 1.99 allocation
- $3,400
Window coverings (17)default
$4,300 new × 40% good × 1.99 allocation
- $8,600
Carpet, vinyl & laminate (100% of floors)listing
$10,800 new × 40% good × 1.99 allocation
- $5,900
Kitchen & laundry equipment plumbingdefault
$7,400 new × 40% good × 1.99 allocation
- $3,500
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 40% good × 1.99 allocation
- $6,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.99 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $8,400
Paving: driveway & walks (paved)default
$8,500 new × 50% good × 1.99 allocation
- $8,100
Landscaping (typical)default
$8,200 new × 50% good × 1.99 allocation
- $1,600
Patiosdefault
$1,700 new × 50% good × 1.99 allocation
- $1,600
Decks & porches (attached)default
$1,700 new × 50% good × 1.99 allocation
- $144,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$181,100 new × 40% good × 1.99 allocation
- $15,000
Building plumbing & fixturesdefault
$18,800 new × 40% good × 1.99 allocation
- $14,700
Building electrical & lightingdefault
$18,500 new × 40% good × 1.99 allocation
- $15,000
HVACdefault
$18,900 new × 40% good × 1.99 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,200 | $19,800 | $200 | $88,300 |
| 2 | $0 | $0 | $4,800 | $4,800 |
| 3 | $0 | $0 | $4,800 | $4,800 |
| 4 | $0 | $0 | $4,800 | $4,800 |
| 5 | $0 | $0 | $4,800 | $4,800 |
| 6+ | $0 | $0 | $169,200 | $169,200 |
| Total | $68,200 | $19,800 | $188,700 | $276,800 |
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, 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.