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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

1761 Hawthorne Ct

1761 Hawthorne Ct

Redding, CA 96002

$299,000

3 bd · 2 ba · 1,104 sqft · Listed 2d ago

View on Realtor.com →
Negative cash flow

Year built

1983

Sqft

1,104

Lot sqft

13,068

HOA / mo

$0

Furnished

No

List date

2026-10-09T19:00:00.000000Z

Revenue

Annual revenue

$39,151

ADR

$144

Occupancy

74%

Cleaning fees (12 mo)

$5,918

Confidence

Low (45.67), 14 comps

Comp revenue range (p25 / median / p75)

$24,999$33,251$48,745

Median revenue of shown comps: $33,251

  • * * *Pineland Place* * *

    House · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $53,208ADR $221Occ ≈ 66%4.8★ (178)

    AirbnbVrbo

  • Pineland Getaway ~ 4 Queens, 2 Twins

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $39,649ADR $198Occ ≈ 55%4.8★ (103)

    Airbnb

  • Pool, Fire Pit, Pets OK, EV, Yard Games

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

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +6

    Revenue $85,075ADR $279Occ ≈ 84%5★ (93)

    AirbnbVrboBooking

  • Renovated 3-Bedroom Mid Century Home

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

    Revenue $19,000ADR $227Occ ≈ 23%4.3★ (4)

    Airbnb

  • * * *Carpenter Lane* * *

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $55,575ADR $211Occ ≈ 72%4.9★ (226)

    AirbnbVrbo

  • Oh Joy! 3 beds 2 baths Organic Avocado mattress

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $36,297ADR $210Occ ≈ 47%4.7★ (46)

    Booking

  • Contractor Friendly 3 Bdrm Townhomes - 30 day

    Apartment · 3 bd · 1.5 ba · sleeps 7 · 0.6 mi

    Revenue $23,962ADR $88Occ ≈ 75%—

    Delisted

  • Relaxing Home 15 mins to Lake

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

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $34,016ADR $132Occ ≈ 71%4.9★ (36)

    Airbnb

  • Warm and Cozy Redding Home

    House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $32,485ADR $142Occ ≈ 63%4.9★ (230)

    Airbnb

  • Cozy Redding Home Close to Just About Everything

    House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $18,180ADR $137Occ ≈ 36%4.8★ (182)

    Airbnb

Show 4 more
  • Old-Time Country Getaway in Redding

    Townhouse · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $28,111ADR $163Occ ≈ 47%4.9★ (135)

    Airbnb

  • Large Redding Home Away From Home

    House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $31,882ADR $140Occ ≈ 62%4.9★ (146)

    Airbnb

  • Spacious Cozy Redding Home

    House · 3 bd · 2.5 ba · sleeps 10 · 0.6 mi

    Revenue $4,680ADR $780Occ ≈ 2%4.8★ (88)

    Delisted

  • * * *Casa Vereda (Trail House)* * *

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

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $51,777ADR $213Occ ≈ 67%4.8★ (149)

    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

Financing
Management
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$39,151

NOI

$18,951

Cash flow /mo

-$90

Cash needed

$106,210

Cash-on-cash

-1.0%

ROE (yr 1)

9.1%

Cap rate

6.3%

DSCR

0.95

Year-1 write-off

$97,985

Year-1 tax shield @ 32%

$31,355

Year-1 return on equity

  • Cash flow (annual)-$1,077
  • Principal paydown$1,818
  • Appreciation at%$8,970
ROE9.1%

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)$7,830
  • Platform fees (3% of revenue)$1,175
  • Maintenance / capex (5% of revenue)$1,958
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,294
  • Insurance (STR-rated)$1,749

Cash needed to close

  • Down payment (25%)$74,750
  • Closing costs (4.0%)$11,960
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$31,355

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

$249,000

Short-life (5/15-yr)

$78,000 · 31%

Year-1 deduction

$98,000

Year-1 tax shield @ 32%

$31,000

Land 17% (county tax record, assessed value split) · building $171,000 over 39 years · new furniture $20,000

Based on: 1,104 sq ft, built 1983, 3 bd / 2 ba, unfurnished, listing features (fence, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $77,000 in year 1 (23% short-life, $24,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$68,300
  • Kitchen cabinetsdefault

    $8,200 new × 40% good × 2.72 allocation

    $8,900
  • Kitchen countertopsdefault

    $6,700 new × 40% good × 2.72 allocation

    $7,300
  • Decorative trimdefault

    $1,900 new × 40% good × 2.72 allocation

    $2,100
  • Mirrorsdefault

    $300 new × 40% good × 2.72 allocation

    $300
  • Shelvingdefault

    $1,200 new × 40% good × 2.72 allocation

    $1,300
  • Window coverings (11)default

    $2,800 new × 40% good × 2.72 allocation

    $3,000
  • Carpet, vinyl & laminate (75% of floors)listing

    $5,300 new × 40% good × 2.72 allocation

    $5,800
  • Kitchen & laundry equipment plumbingdefault

    $6,400 new × 40% good × 2.72 allocation

    $7,000
  • Kitchen, laundry & data equipment electricaldefault

    $3,900 new × 40% good × 2.72 allocation

    $4,200
  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.72 allocation

    $8,800
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$29,500
  • Paving: driveway & walks (paved)default

    $6,900 new × 50% good × 2.72 allocation

    $9,400
  • Landscaping (typical)default

    $6,600 new × 50% good × 2.72 allocation

    $9,000
  • Patiosdefault

    $1,100 new × 50% good × 2.72 allocation

    $1,500
  • Decks & porches (attached)default

    $1,100 new × 50% good × 2.72 allocation

    $1,500
  • Fencinglisting

    $6,000 new × 50% good × 2.72 allocation

    $8,200
Building, 39-year$170,900
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $119,100 new × 40% good × 2.72 allocation

    $129,700
  • Building plumbing & fixturesdefault

    $12,400 new × 40% good × 2.72 allocation

    $13,500
  • Building electrical & lightingdefault

    $11,300 new × 40% good × 2.72 allocation

    $12,300
  • HVACdefault

    $12,400 new × 40% good × 2.72 allocation

    $13,500
  • Hardwood & tile floorsdefault

    $1,800 new × 40% good × 2.72 allocation

    $1,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$68,300$29,500$200$98,000
2$0$0$4,400$4,400
3$0$0$4,400$4,400
4$0$0$4,400$4,400
5$0$0$4,400$4,400
6+$0$0$153,200$153,200
Total$68,300$29,500$170,900$268,700

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.