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3296 Flintwood Way

3296 Flintwood Way

Redding, CA 96002

$369,000

3 bd · 2 ba · 1,400 sqft · Listed 12d ago

View on Realtor.com →
Low confidence

Year built

1985

Sqft

1,400

Lot sqft

9,148

HOA / mo

$0

Furnished

No

List date

2026-09-17T17:53:59.000000Z

Revenue

Annual revenue

$36,355

ADR

$155

Occupancy

64%

Cleaning fees (12 mo)

$6,703

Confidence

Low (29.9), 6 comps

Comp revenue range (p25 / median / p75)

$14,327$30,815$44,270

  • Timber Haven- Cozy Nest w/Hot Tub & EV Charger

    House · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $50,959ADR $221Occ ≈ 63%5★ (205)

    AirbnbVrbo

  • Calm, Cozy & Clean (5 beds + pooltable & foosball)

    House · 3 bd · 1.5 ba · sleeps 7 · 0.4 mi

    Revenue $36,486ADR $198Occ ≈ 50%5★ (199)

    Airbnb

  • Cozy 3/2 Mid-Century Modern Home With Backyard

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

    Revenue $10,721ADR $101Occ ≈ 29%4.8★ (8)

    Airbnb

  • Sweet Escape. Cozy, central, fireplace & Netflix.

    House · 3 bd · 2 ba · sleeps 8 · 0.6 mi

    Revenue $46,864ADR $162Occ ≈ 79%4.8★ (394)

    Airbnb

  • The Reservoir Home 3BR near Pickleball

    House · 3 bd · 2 ba · sleeps 7 · 0.7 mi

    Revenue $867ADR $123Occ ≈ 2%—

    Airbnb

  • Cozy Blue Cottage

    House · 3 bd · 1 ba · sleeps 6 · 0.7 mi

    Revenue $25,143ADR $101Occ ≈ 68%4.9★ (16)

    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

Financing

Est. revenue

$36,355

NOI

$15,758

Cash flow /mo

$1,313

Cash needed

$403,260

Cash-on-cash (all cash)

3.9%

ROE (yr 1)

6.7%

Cap rate

4.3%

DSCR

—

Year-1 write-off

$105,550

Year-1 tax shield @ 32%

$33,776

Year-1 return on equity

  • Cash flow (annual)$15,758
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,070
ROE6.7%
ROE incl. year-1 tax savings (32% bracket, STR loophole)15.0%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$7,271
  • Platform fees (3% of revenue)$1,091
  • Maintenance / capex (5% of revenue)$1,818
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,613
  • Insurance (STR-rated)$2,159

Cash needed to close

  • Purchase price (all cash)$369,000
  • Closing costs (4.0%)$14,760
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$33,776

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

$298,000

Short-life (5/15-yr)

$85,000 · 29%

Year-1 deduction

$106,000

Year-1 tax shield @ 32%

$34,000

Land 19% (county tax record, assessed value split) · building $213,000 over 39 years · new furniture $20,000

Based on: 1,400 sq ft, built 1985, 3 bd / 2 ba, unfurnished, listing features (patio, fireplace, flooring types).

IRS-guide safe-harbor floor: $82,000 in year 1 (21% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$74,500

  • Kitchen cabinetsdefault

    $8,900 new × 40% good × 2.65 allocation

    $9,400

  • Kitchen countertopsdefault

    $7,300 new × 40% good × 2.65 allocation

    $7,700

  • Decorative trimdefault

    $2,500 new × 40% good × 2.65 allocation

    $2,600

  • Mirrorsdefault

    $300 new × 40% good × 2.65 allocation

    $300

  • Shelvingdefault

    $1,200 new × 40% good × 2.65 allocation

    $1,300

  • Window coverings (14)default

    $3,500 new × 40% good × 2.65 allocation

    $3,700

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

    $9,000 new × 40% good × 2.65 allocation

    $9,600

  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 40% good × 2.65 allocation

    $7,300

  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 2.65 allocation

    $4,400

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

    $8,100 new × 40% good × 2.65 allocation

    $8,600

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$30,400

  • Paving: driveway & walks (paved)default

    $7,800 new × 50% good × 2.65 allocation

    $10,300

  • Landscaping (typical)default

    $7,500 new × 50% good × 2.65 allocation

    $9,900

  • Patioslisting

    $6,300 new × 50% good × 2.65 allocation

    $8,400

  • Decks & porches (attached)default

    $1,400 new × 50% good × 2.65 allocation

    $1,800
Building, 39-year$213,000

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

    $151,500 new × 40% good × 2.65 allocation

    $160,900

  • Building plumbing & fixturesdefault

    $15,700 new × 40% good × 2.65 allocation

    $16,700

  • Building electrical & lightingdefault

    $15,000 new × 40% good × 2.65 allocation

    $15,900

  • HVACdefault

    $15,800 new × 40% good × 2.65 allocation

    $16,700

  • Fireplacelisting

    $2,600 new × 40% good × 2.65 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$74,500$30,400$700$105,500
2$0$0$5,500$5,500
3$0$0$5,500$5,500
4$0$0$5,500$5,500
5$0$0$5,500$5,500
6+$0$0$190,500$190,500
Total$74,500$30,400$213,000$317,900

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.