3320 Kentwood Dr
Redding, CA 96002
$815,000
4 bd · 2.5 ba · 2,472 sqft · Listed 26d ago
View on Realtor.com →Year built
2002
Sqft
2,472
Lot sqft
18,295
HOA / mo
$0
Furnished
No
List date
2026-09-03T23:06:15.000000Z
Revenue
Annual revenue
$79,591
ADR
$368
Occupancy
59%
Cleaning fees (12 mo)
$11,528
Confidence
Low (1.12), 5 comps
Comp revenue range (p25 / median / p75)
House+ADU+Pool + RV/Boat Parking
House · 4 bd · 3 ba · sleeps 10 · 0.4 mi
Revenue $1,078ADR $433Occ ≈ 1%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Forest Hill Resort: Heated Pool +Billiards +Trails House | 4 bd · 2 ba · sleeps 12 | $101,430 | $515 | 54% | 4.9★ (144) | 0.3 mi | AirbnbVrbo |
House+ADU+Pool + RV/Boat Parking House | 4 bd · 3 ba · sleeps 10 | $1,078 | $433 | 1% | 5★ (1) | 0.4 mi | Airbnb |
The W Resort Outdoor Kitchen Pool Hot Tub Oasis House | 4 bd · 2.5 ba · sleeps 10 | $140,115 | $610 | 63% | 4.8★ (37) | 0.4 mi | AirbnbVrbo |
4bdr Pet Friendly + 3 Kings + EV + Trailer Parking House | 4 bd · 2 ba · sleeps 8 | $61,856 | $285 | 59% | 5★ (66) | 0.6 mi | AirbnbVrbo |
❤️FULLY LOADED 2🔥 3BR 2 Bath SMARTHOME! 🏠 BY LAKE 🌊 House | 4 bd · 2 ba · sleeps 14 | $3,272 | $300 | 3% | 4.7★ (65) | 0.6 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$79,591
NOI
$39,373
Cash flow /mo
-$1,111
Cash needed
$259,350
Cash-on-cash
-5.1%
ROE (yr 1)
6.3%
Cap rate
4.8%
DSCR
0.75
Year-1 write-off
$219,687
Year-1 tax shield @ 32%
$70,300
Year-1 return on equity
- Cash flow (annual)-$13,328
- Principal paydown$5,333
- Appreciation at%$24,450
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$15,918
- Platform fees (3% of revenue)$2,388
- Maintenance / capex (5% of revenue)$3,980
- Utilities & supplies$4,200
- HOA$0
- Property tax$10,188
- Insurance (STR-rated)$4,768
Cash needed to close
- Down payment (25%)$203,750
- Closing costs (4.0%)$32,600
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$70,300
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
$704,000
Short-life (5/15-yr)
$195,000 · 28%
Year-1 deduction
$220,000
Year-1 tax shield @ 32%
$70,000
Land 14% (county tax record, assessed value split) · building $509,000 over 39 years · new furniture $23,000
Based on: 2,472 sq ft, built 2002, 4 bd / 2.5 ba, unfurnished, listing features (pool, fireplace, flooring types).
IRS-guide safe-harbor floor: $190,000 in year 1 (23% short-life, $61,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,300
Kitchen cabinetsdefault
$11,200 new × 40% good × 2.52 allocation
- $9,200
Kitchen countertopsdefault
$9,200 new × 40% good × 2.52 allocation
- $4,400
Decorative trimdefault
$4,300 new × 40% good × 2.52 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.52 allocation
- $1,500
Shelvingdefault
$1,500 new × 40% good × 2.52 allocation
- $6,300
Window coverings (25)default
$6,300 new × 40% good × 2.52 allocation
- $16,000
Carpet, vinyl & laminate (100% of floors)listing
$15,900 new × 40% good × 2.52 allocation
- $11,400
Kitchen & laundry equipment plumbingdefault
$8,700 new × 52% good × 2.52 allocation
- $6,900
Kitchen, laundry & data equipment electricaldefault
$5,300 new × 52% good × 2.52 allocation
- $8,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.52 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $13,000
Paving: driveway & walks (paved)default
$10,300 new × 50% good × 2.52 allocation
- $12,500
Landscaping (typical)default
$9,900 new × 50% good × 2.52 allocation
- $3,100
Patiosdefault
$2,400 new × 50% good × 2.52 allocation
- $3,100
Decks & porches (attached)default
$2,400 new × 50% good × 2.52 allocation
- $81,700
Pool (in-ground)listing
$65,000 new × 50% good × 2.52 allocation
- $6,300
Gazebo / pergolalisting
$5,000 new × 50% good × 2.52 allocation
- $404,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$268,300 new × 60% good × 2.52 allocation
- $36,400
Building plumbing & fixturesdefault
$27,900 new × 52% good × 2.52 allocation
- $37,400
Building electrical & lightingdefault
$28,600 new × 52% good × 2.52 allocation
- $28,000
HVACdefault
$27,800 new × 40% good × 2.52 allocation
- $2,600
Fireplacelisting
$2,600 new × 40% good × 2.52 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $98,400 | $119,600 | $1,600 | $219,700 |
| 2 | $0 | $0 | $13,100 | $13,100 |
| 3 | $0 | $0 | $13,100 | $13,100 |
| 4 | $0 | $0 | $13,100 | $13,100 |
| 5 | $0 | $0 | $13,100 | $13,100 |
| 6+ | $0 | $0 | $455,500 | $455,500 |
| Total | $98,400 | $119,600 | $509,400 | $727,500 |
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.