1365 Chestnut St
Redding, CA 96001
$365,000
3 bd · 2 ba · 1,271 sqft · Listed 6d ago
View on Realtor.com →Year built
1932
Sqft
1,271
Lot sqft
4,792
HOA / mo
$0
Furnished
No
List date
2026-11-06T20:03:32.000000Z
Revenue
Annual revenue
$23,703
ADR
$84
Occupancy
77%
Cleaning fees (12 mo)
$2,675
Confidence
Low (25.47), 13 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $25,210
Updated-3 bd with garage - 30+ Day Rental
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $19,604ADR $96Occ ≈ 56%5★ (2)
Modern 3BR Extended Stay Retreat – 30+ Day
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $4,712ADR $96Occ ≈ 13%4.8★ (29)
Aloha House
House · 3 bd · 2 ba · sleeps 6 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $41,062ADR $144Occ ≈ 78%4.8★ (166)
Long Term sleeps 6 Rose Garden Retreat
House · 3 bd · 1 ba · sleeps 6 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +2
Revenue $15,107ADR $72Occ ≈ 57%5★ (1)
Downtown Getaway - beautiful historic craftsman
House · 3 bd · 2 ba · sleeps 7 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $48,170ADR $165Occ ≈ 80%5★ (145)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Chestnut Hill - a Downtown Charmer House | 3 bd · 1 ba · sleeps 6 | $4,203 | $501 | 2% | 4.8★ (34) | 0.3 mi | AirbnbVrbo |
Updated-3 bd with garage - 30+ Day Rental House
| 3 bd · 2 ba · sleeps 6 | $19,604 | $96 | 56% | 5★ (2) | 0.4 mi | Airbnb |
Westside ^Cottage^ House
| 3 bd · 2 ba · sleeps 6 | $30,815 | $105 | 80% | 4.9★ (111) | 0.4 mi | AirbnbVrbo |
Modern 3BR Extended Stay Retreat – 30+ Day House
| 3 bd · 2 ba · sleeps 6 | $4,712 | $96 | 13% | 4.8★ (29) | 0.4 mi | Airbnb |
Aloha House House
| 3 bd · 2 ba · sleeps 6 | $41,062 | $144 | 78% | 4.8★ (166) | 0.5 mi | Airbnb |
The Olive Get-Away | Pool💦 Game Room🏓 & BBQ♨️ House
| 3 bd · 2 ba · sleeps 8 | $66,537 | $306 | 60% | 4.9★ (182) | 0.5 mi | AirbnbVrbo |
Long Term sleeps 6 Rose Garden Retreat House
| 3 bd · 1 ba · sleeps 6 | $15,107 | $72 | 57% | 5★ (1) | 0.6 mi | Airbnb |
Downtown Getaway - beautiful historic craftsman House
| 3 bd · 2 ba · sleeps 7 | $48,170 | $165 | 80% | 5★ (145) | 0.6 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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$23,703
NOI
$6,716
Cash flow /mo
-$1,436
Cash needed
$125,350
Cash-on-cash
-13.7%
ROE (yr 1)
-3.2%
Cap rate
1.8%
DSCR
0.28
Year-1 write-off
$99,914
Year-1 tax shield @ 32%
$31,972
Year-1 return on equity
- Cash flow (annual)-$17,228
- Principal paydown$2,319
- Appreciation at%$10,950
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)$4,741
- Platform fees (3% of revenue)$711
- Maintenance / capex (5% of revenue)$1,185
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,563
- Insurance (STR-rated)$2,135
Cash needed to close
- Down payment (25%)$91,250
- Closing costs (4.0%)$14,600
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$31,972
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
$320,000
Short-life (5/15-yr)
$80,000 · 25%
Year-1 deduction
$100,000
Year-1 tax shield @ 32%
$32,000
Land 12% (county tax record, assessed value split) · building $240,000 over 39 years · new furniture $20,000
Based on: 1,271 sq ft, built 1932, 3 bd / 2 ba, unfurnished, listing features (flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $73,000 in year 1 (17% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,000
Kitchen cabinetsdefault
$8,600 new × 40% good × 3.20 allocation
- $9,000
Kitchen countertopsdefault
$7,000 new × 40% good × 3.20 allocation
- $2,800
Decorative trimdefault
$2,200 new × 40% good × 3.20 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.20 allocation
- $1,500
Shelvingdefault
$1,200 new × 40% good × 3.20 allocation
- $4,200
Window coverings (13)default
$3,300 new × 40% good × 3.20 allocation
- $8,500
Kitchen & laundry equipment plumbingdefault
$6,700 new × 40% good × 3.20 allocation
- $5,200
Kitchen, laundry & data equipment electricaldefault
$4,000 new × 40% good × 3.20 allocation
- $10,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 3.20 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,800
Paving: driveway & walks (paved)default
$7,400 new × 50% good × 3.20 allocation
- $11,400
Landscaping (typical)default
$7,100 new × 50% good × 3.20 allocation
- $2,000
Patiosdefault
$1,300 new × 50% good × 3.20 allocation
- $2,000
Decks & porches (attached)default
$1,300 new × 50% good × 3.20 allocation
- $175,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$137,400 new × 40% good × 3.20 allocation
- $18,200
Building plumbing & fixturesdefault
$14,300 new × 40% good × 3.20 allocation
- $17,100
Building electrical & lightingdefault
$13,400 new × 40% good × 3.20 allocation
- $18,300
HVACdefault
$14,300 new × 40% good × 3.20 allocation
- $10,500
Hardwood & tile floorsdefault
$8,200 new × 40% good × 3.20 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $72,500 | $27,200 | $300 | $99,900 |
| 2 | $0 | $0 | $6,100 | $6,100 |
| 3 | $0 | $0 | $6,100 | $6,100 |
| 4 | $0 | $0 | $6,100 | $6,100 |
| 5 | $0 | $0 | $6,100 | $6,100 |
| 6+ | $0 | $0 | $215,000 | $215,000 |
| Total | $72,500 | $27,200 | $239,800 | $339,500 |
The building's share of the price ($320,000) is 3.2x our depreciated replacement cost of the home ($100,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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.