1523 Olive Ave
Redding, CA 96001
$299,900
3 bd · 2 ba · 1,245 sqft · Listed 64d ago
View on Realtor.com →Year built
1945
Sqft
1,245
Lot sqft
8,276
HOA / mo
$0
Furnished
No
List date
2026-09-10T17:14:38.000000Z
Revenue
Annual revenue
$22,371
ADR
$86
Occupancy
71%
Cleaning fees (12 mo)
$2,840
Confidence
Low (20.57), 11 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $16,381
Modern 3BR Extended Stay Retreat – 30+ Day
House · 3 bd · 2 ba · sleeps 6 · 0.1 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $5,302ADR $96Occ ≈ 15%4.8★ (29)
Updated-3 bd with garage - 30+ Day Rental
House · 3 bd · 2 ba · sleeps 6 · 0.1 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $16,381ADR $94Occ ≈ 48%5★ (2)
Aloha House
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $34,666ADR $156Occ ≈ 61%4.8★ (166)
Long Term sleeps 6 Rose Garden Retreat
House · 3 bd · 1 ba · sleeps 6 · 0.4 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $10,740ADR $71Occ ≈ 41%5★ (1)
Vintage style house with amazing views of Lassen!
House · 3 bd · 1.5 ba · sleeps 6 · 0.6 mi
Revenue $14,452ADR $162Occ ≈ 24%5★ (94)
Havilah-Midcentury Modern 3/3 home
House · 3 bd · 3 ba · sleeps 7 · 0.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $31,363ADR $100Occ ≈ 86%4.5★ (8)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern 3BR Extended Stay Retreat – 30+ Day House
| 3 bd · 2 ba · sleeps 6 | $5,302 | $96 | 15% | 4.8★ (29) | 0.1 mi | Airbnb |
Updated-3 bd with garage - 30+ Day Rental House
| 3 bd · 2 ba · sleeps 6 | $16,381 | $94 | 48% | 5★ (2) | 0.1 mi | Airbnb |
Aloha House House
| 3 bd · 2 ba · sleeps 6 | $34,666 | $156 | 61% | 4.8★ (166) | 0.3 mi | Airbnb |
The Olive Get-Away | Pool💦 Game Room🏓 & BBQ♨️ House
| 3 bd · 2 ba · sleeps 8 | $64,835 | $298 | 60% | 4.9★ (175) | 0.3 mi | AirbnbVrbo |
Long Term sleeps 6 Rose Garden Retreat House
| 3 bd · 1 ba · sleeps 6 | $10,740 | $71 | 41% | 5★ (1) | 0.4 mi | Airbnb |
Chestnut Hill - a Downtown Charmer House | 3 bd · 1 ba · sleeps 6 | $4,203 | $545 | 2% | 4.8★ (34) | 0.4 mi | AirbnbVrbo |
Westside ^Cottage^ House
| 3 bd · 2 ba · sleeps 6 | $32,594 | $111 | 80% | 4.9★ (111) | 0.6 mi | AirbnbVrbo |
Vintage style house with amazing views of Lassen! House | 3 bd · 1.5 ba · sleeps 6 | $14,452 | $162 | 24% | 5★ (94) | 0.6 mi | Airbnb |
Havilah-Midcentury Modern 3/3 home House
| 3 bd · 3 ba · sleeps 7 | $31,363 | $100 | 86% | 4.5★ (8) | 0.7 mi | 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
Rate 7.86% = 7.11% Freddie Mac 30-yr avg (Nov 12) + 0.75% investor premium
Est. revenue
$22,371
NOI
$6,854
Cash flow /mo
-$1,057
Cash needed
$106,471
Cash-on-cash
-11.9%
ROE (yr 1)
-1.7%
Cap rate
2.3%
DSCR
0.35
Year-1 write-off
$84,387
Year-1 tax shield @ 32%
$27,004
Year-1 return on equity
- Cash flow (annual)-$12,688
- Principal paydown$1,932
- Appreciation at%$8,997
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)$4,474
- Platform fees (3% of revenue)$671
- Maintenance / capex (5% of revenue)$1,119
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,749
- Insurance (STR-rated)$1,754
Cash needed to close
- Down payment (25%)$74,975
- Closing costs (4.0%)$11,996
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$27,004
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
$255,000
Short-life (5/15-yr)
$64,000 · 25%
Year-1 deduction
$84,000
Year-1 tax shield @ 32%
$27,000
Land 15% (county tax record, assessed value split) · building $190,000 over 39 years · new furniture $20,000
Based on: 1,245 sq ft, built 1945, 3 bd / 2 ba, unfurnished, listing features (flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $63,000 in year 1 (17% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,900
Kitchen cabinetsdefault
$8,500 new × 40% good × 2.59 allocation
- $7,200
Kitchen countertopsdefault
$7,000 new × 40% good × 2.59 allocation
- $2,300
Decorative trimdefault
$2,200 new × 40% good × 2.59 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.59 allocation
- $1,200
Shelvingdefault
$1,200 new × 40% good × 2.59 allocation
- $3,100
Window coverings (12)default
$3,000 new × 40% good × 2.59 allocation
- $6,900
Kitchen & laundry equipment plumbingdefault
$6,600 new × 40% good × 2.59 allocation
- $4,200
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 40% good × 2.59 allocation
- $8,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.59 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,500
Paving: driveway & walks (paved)default
$7,300 new × 50% good × 2.59 allocation
- $9,100
Landscaping (typical)default
$7,000 new × 50% good × 2.59 allocation
- $1,600
Patiosdefault
$1,200 new × 50% good × 2.59 allocation
- $1,600
Decks & porches (attached)default
$1,200 new × 50% good × 2.59 allocation
- $139,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$134,500 new × 40% good × 2.59 allocation
- $14,500
Building plumbing & fixturesdefault
$14,000 new × 40% good × 2.59 allocation
- $13,500
Building electrical & lightingdefault
$13,100 new × 40% good × 2.59 allocation
- $14,600
HVACdefault
$14,000 new × 40% good × 2.59 allocation
- $8,300
Hardwood & tile floorsdefault
$8,000 new × 40% good × 2.59 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $62,000 | $21,800 | $600 | $84,400 |
| 2 | $0 | $0 | $4,900 | $4,900 |
| 3 | $0 | $0 | $4,900 | $4,900 |
| 4 | $0 | $0 | $4,900 | $4,900 |
| 5 | $0 | $0 | $4,900 | $4,900 |
| 6+ | $0 | $0 | $170,300 | $170,300 |
| Total | $62,000 | $21,800 | $190,500 | $274,300 |
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.