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Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

1008 Eugene Ave

1008 Eugene Ave

Shasta Lake, CA 96019

$291,500

3 bd · 1 ba · 1,058 sqft · Listed today

View on Realtor.com →
Low confidence

Year built

1954

Sqft

1,058

Lot sqft

10,019

HOA / mo

$0

Furnished

No

List date

2026-09-30T00:07:54.000000Z

Revenue

Annual revenue

$41,497

ADR

$192

Occupancy

59%

Cleaning fees (12 mo)

$7,175

Confidence

Med (65.38), 6 comps

Comp revenue range (p25 / median / p75)

$30,656$43,039$49,640

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    House · 3 bd · 2 ba · sleeps 8 · 1.4 mi

    Revenue $41,034ADR $232Occ ≈ 48%5★ (79)

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  • White retreat-close to I5- Petfriendly near Bethel

    House · 3 bd · 2 ba · sleeps 8 · 1.5 mi

    Revenue $51,172ADR $175Occ ≈ 80%4.8★ (81)

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  • Close to I5: Newer Pet-friendly Home Near Bethel

    House · 3 bd · 2 ba · sleeps 7 · 1.5 mi

    Revenue $21,242ADR $142Occ ≈ 41%3.7★ (3)

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  • Shasta House

    House · 3 bd · 2 ba · sleeps 6 · 1.8 mi

    Revenue $45,043ADR $189Occ ≈ 65%5★ (86)

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  • ‘Mtn Gate Guest House’ ~ 6 Mi to Shasta Lake!

    House · 3 bd · 2 ba · sleeps 5 · 2.0 mi

    Revenue $27,196ADR $213Occ ≈ 35%5★ (43)

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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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$41,497

NOI

$20,766

Cash flow /mo

$160

Cash needed

$104,035

Cash-on-cash

1.8%

ROE (yr 1)

12.1%

Cap rate

7.1%

DSCR

1.10

Year-1 write-off

$100,874

Year-1 tax shield @ 32%

$32,280

Year-1 return on equity

  • Cash flow (annual)$1,917
  • Principal paydown$1,908
  • Appreciation at%$8,745
ROE12.1%

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)$8,299
  • Platform fees (3% of revenue)$1,245
  • Maintenance / capex (5% of revenue)$2,075
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,644
  • Insurance (STR-rated)$1,705

Cash needed to close

  • Down payment (25%)$72,875
  • Closing costs (4.0%)$11,660
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$32,280

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

$247,000

Short-life (5/15-yr)

$81,000 · 33%

Year-1 deduction

$101,000

Year-1 tax shield @ 32%

$32,000

Land 15% (county tax record, assessed value split) · building $166,000 over 39 years · new furniture $20,000

Based on: 1,058 sq ft, built 1954, 3 bd / 1 ba, unfurnished, listing features (patio, fence, fireplace, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $80,000 in year 1 (24% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$66,500

  • Kitchen cabinetsdefault

    $8,100 new × 40% good × 2.70 allocation

    $8,800

  • Kitchen countertopsdefault

    $6,600 new × 40% good × 2.70 allocation

    $7,200

  • Decorative trimdefault

    $1,900 new × 40% good × 2.70 allocation

    $2,000

  • Mirrorsdefault

    $200 new × 40% good × 2.70 allocation

    $200

  • Shelvingdefault

    $1,200 new × 40% good × 2.70 allocation

    $1,300

  • Window coverings (11)default

    $2,800 new × 40% good × 2.70 allocation

    $3,000

  • Carpet, vinyl & laminate (67% of floors)listing

    $4,500 new × 40% good × 2.70 allocation

    $4,900

  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 40% good × 2.70 allocation

    $6,800

  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 40% good × 2.70 allocation

    $4,100

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

    $8,100 new × 40% good × 2.70 allocation

    $8,800

  • Furniture bought newlisting

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

    $19,500
15-year land improvements$33,800

  • Paving: driveway & walks (paved)default

    $6,700 new × 50% good × 2.70 allocation

    $9,100

  • Landscaping (typical)default

    $6,500 new × 50% good × 2.70 allocation

    $8,800

  • Patioslisting

    $4,800 new × 50% good × 2.70 allocation

    $6,400

  • Decks & porches (attached)default

    $1,000 new × 50% good × 2.70 allocation

    $1,400

  • Fencinglisting

    $6,000 new × 50% good × 2.70 allocation

    $8,100
Building, 39-year$166,000

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

    $114,300 new × 40% good × 2.70 allocation

    $123,500

  • Building plumbing & fixturesdefault

    $11,800 new × 40% good × 2.70 allocation

    $12,800

  • Building electrical & lightingdefault

    $10,700 new × 40% good × 2.70 allocation

    $11,500

  • HVACdefault

    $11,900 new × 40% good × 2.70 allocation

    $12,900

  • Hardwood & tile floorsdefault

    $2,300 new × 40% good × 2.70 allocation

    $2,500

  • Fireplacelisting

    $2,600 new × 40% good × 2.70 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$66,500$33,800$500$100,900
2$0$0$4,300$4,300
3$0$0$4,300$4,300
4$0$0$4,300$4,300
5$0$0$4,300$4,300
6+$0$0$148,500$148,500
Total$66,500$33,800$166,000$266,400

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.