2323 Tradition Way
Redding, CA 96001
$675,000
4 bd · 2.5 ba · 2,637 sqft · Listed 15d ago
View on Realtor.com →Year built
2002
Sqft
2,637
Lot sqft
13,939
HOA / mo
$0
Furnished
No
List date
2026-09-14T07:17:00.000000Z
Revenue
Annual revenue
$47,004
ADR
$240
Occupancy
54%
Cleaning fees (12 mo)
$8,608
Confidence
Low (16.74), 12 comps
Comp revenue range (p25 / median / p75)
The Perch @ Sunglow | Quiet, Cozy, Family Friendly
House · 4 bd · 2 ba · sleeps 9 · 1.5 mi
Revenue $18,179ADR $131Occ ≈ 38%5★ (1)
Garden Tract 4BR: 2 Living Areas, Hot Tub & Patio
House · 4 bd · 2 ba · sleeps 10 · 1.5 mi
Revenue $12,330ADR $121Occ ≈ 28%4.9★ (26)
Charming Vintage Home with Character and a View
House · 4 bd · 2 ba · sleeps 9 · 1.5 mi
Revenue $4,110ADR $155Occ ≈ 7%4.7★ (23)
House of Providence - 2 Kg Beds-Sleeps 10
House · 4 bd · 2 ba · sleeps 10 · 1.8 mi
Revenue $31,477ADR $329Occ ≈ 26%4.8★ (51)
Redding Ranch Style House with Pool
House · 4 bd · 2 ba · sleeps 6 · 1.9 mi
Revenue $56,643ADR $209Occ ≈ 74%4.9★ (274)
House in the Clouds
Vacation home · 4 bd · 2 ba · sleeps 8 · 1.9 mi
Revenue $98,906ADR $352Occ ≈ 77%5★ (2)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
The Perch @ Sunglow | Quiet, Cozy, Family Friendly House | 4 bd · 2 ba · sleeps 9 | $18,179 | $131 | 38% | 5★ (1) | 1.5 mi | Airbnb |
Garden Tract 4BR: 2 Living Areas, Hot Tub & Patio House | 4 bd · 2 ba · sleeps 10 | $12,330 | $121 | 28% | 4.9★ (26) | 1.5 mi | Airbnb |
Charming Vintage Home with Character and a View House | 4 bd · 2 ba · sleeps 9 | $4,110 | $155 | 7% | 4.7★ (23) | 1.5 mi | Airbnb |
Downtown Charmer House | 4 bd · 2 ba · sleeps 4 | $2,518 | $119 | 6% | 4★ (1) | 1.8 mi | AirbnbVrbo |
House of Providence - 2 Kg Beds-Sleeps 10 House | 4 bd · 2 ba · sleeps 10 | $31,477 | $329 | 26% | 4.8★ (51) | 1.8 mi | Airbnb |
The Stratford | Pool/Hot Tub + Arcade + Modern House | 4 bd · 3 ba · sleeps 11 | $71,867 | $469 | 42% | 4.8★ (85) | 1.8 mi | AirbnbVrbo |
The Bostonian▪︎Pool💦Hot Tub🌀 Arcade🎮Billiards🎱 Vacation home | 4 bd · 2 ba · sleeps 9 | $81,303 | $557 | 40% | 5★ (111) | 1.9 mi | AirbnbVrbo |
Cozy 4bd House with Hot tub and Pool, Quiet Area House | 4 bd · 3 ba · sleeps 9 | $73,706 | $327 | 62% | 4.9★ (102) | 1.9 mi | AirbnbVrbo |
Redding Ranch Style House with Pool House | 4 bd · 2 ba · sleeps 6 | $56,643 | $209 | 74% | 4.9★ (274) | 1.9 mi | Airbnb |
House in the Clouds Vacation home | 4 bd · 2 ba · sleeps 8 | $98,906 | $352 | 77% | 5★ (2) | 1.9 mi | Booking |
Show all 12 comps
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
$47,004
NOI
$18,269
Cash flow /mo
-$2,115
Cash needed
$218,750
Cash-on-cash
-11.6%
ROE (yr 1)
-0.3%
Cap rate
2.7%
DSCR
0.42
Year-1 write-off
$164,208
Year-1 tax shield @ 32%
$52,547
Year-1 return on equity
- Cash flow (annual)-$25,379
- Principal paydown$4,417
- Appreciation at%$20,250
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$9,401
- Platform fees (3% of revenue)$1,410
- Maintenance / capex (5% of revenue)$2,350
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,438
- Insurance (STR-rated)$3,949
Cash needed to close
- Down payment (25%)$168,750
- Closing costs (4.0%)$27,000
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$52,547
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
$551,000
Short-life (5/15-yr)
$140,000 · 25%
Year-1 deduction
$164,000
Year-1 tax shield @ 32%
$53,000
Land 18% (county tax record, assessed value split) · building $412,000 over 39 years · new furniture $23,000
Based on: 2,637 sq ft, built 2002, 4 bd / 2.5 ba, unfurnished, listing features (pool, fireplace, flooring types).
IRS-guide safe-harbor floor: $141,000 in year 1 (21% short-life, $45,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,700
Kitchen cabinetsdefault
$11,600 new × 40% good × 1.87 allocation
- $7,100
Kitchen countertopsdefault
$9,500 new × 40% good × 1.87 allocation
- $3,500
Decorative trimdefault
$4,600 new × 40% good × 1.87 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.87 allocation
- $1,100
Shelvingdefault
$1,500 new × 40% good × 1.87 allocation
- $4,900
Window coverings (26)default
$6,500 new × 40% good × 1.87 allocation
- $6,400
Carpet, vinyl & laminate (50% of floors)listing
$8,500 new × 40% good × 1.87 allocation
- $8,800
Kitchen & laundry equipment plumbingdefault
$9,000 new × 52% good × 1.87 allocation
- $5,300
Kitchen, laundry & data equipment electricaldefault
$5,400 new × 52% good × 1.87 allocation
- $6,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.87 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $12,500
Paving: driveway & walks (paved)default
$13,300 new × 50% good × 1.87 allocation
- $9,600
Landscaping (typical)default
$10,200 new × 50% good × 1.87 allocation
- $2,400
Patiosdefault
$2,600 new × 50% good × 1.87 allocation
- $2,400
Decks & porches (attached)default
$2,600 new × 50% good × 1.87 allocation
- $60,900
Pool (in-ground)listing
$65,000 new × 50% good × 1.87 allocation
- $322,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$286,300 new × 60% good × 1.87 allocation
- $29,000
Building plumbing & fixturesdefault
$29,700 new × 52% good × 1.87 allocation
- $29,900
Building electrical & lightingdefault
$30,700 new × 52% good × 1.87 allocation
- $22,300
HVACdefault
$29,700 new × 40% good × 1.87 allocation
- $6,400
Hardwood & tile floorsdefault
$8,500 new × 40% good × 1.87 allocation
- $2,000
Fireplacelisting
$2,600 new × 40% good × 1.87 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $75,000 | $87,900 | $1,300 | $164,200 |
| 2 | $0 | $0 | $10,600 | $10,600 |
| 3 | $0 | $0 | $10,600 | $10,600 |
| 4 | $0 | $0 | $10,600 | $10,600 |
| 5 | $0 | $0 | $10,600 | $10,600 |
| 6+ | $0 | $0 | $368,100 | $368,100 |
| Total | $75,000 | $87,900 | $411,600 | $574,500 |
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.