2545 Penelope St
Redding, CA 96001
$258,000
3 bd · 2 ba · 1,430 sqft · Listed 8d ago
View on Realtor.com →Year built
1993
Sqft
1,430
Lot sqft
16,553
HOA / mo
$0
Furnished
No
List date
2026-09-21T22:53:59.000000Z
Revenue
Annual revenue
$34,797
ADR
$161
Occupancy
59%
Cleaning fees (12 mo)
$6,007
Confidence
Low (17), 10 comps
Comp revenue range (p25 / median / p75)
The Hidden Treasure
House · 2 bd · 1 ba · sleeps 3 · 1.7 mi
Revenue $16,882ADR $71Occ ≈ 65%5★ (1)
The Hideout-21’ sleeps 4
Camper/RV · 2 bd · 1 ba · sleeps 5 · 1.8 mi
Revenue $408ADR $136Occ ≈ 1%—
💤Peaceful & Private 2 Room Suite w/ Pvt. Entrance
Guest suite · 2 bd · 1 ba · sleeps 3 · 1.8 mi
Revenue $25,741ADR $94Occ ≈ 75%5★ (470)
Gorgeous Riverside Home Close to Bethel Church
House · 3 bd · 2 ba · sleeps 8 · 2.1 mi
Revenue $40,579ADR $327Occ ≈ 34%4.9★ (97)
Redding River House II, Stunning River Location.
House · 2 bd · 2 ba · sleeps 6 · 2.1 mi
Revenue $7,774ADR $203Occ ≈ 10%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern Comforts at Olney Creek Outpost House | 3 bd · 2 ba · sleeps 8 | $18,100 | $324 | 15% | 4.9★ (10) | 0.3 mi | AirbnbVrbo |
Dog Friendly + Canopy Lit Pool + 2 Masters w/Kings House | 4 bd · 3 ba · sleeps 8 | $84,114 | $355 | 65% | 4.8★ (161) | 0.7 mi | AirbnbVrboBooking |
Hidden Charm- A cozy home with Pool & Game room House | 3 bd · 2 ba · sleeps 6 | $37,014 | $180 | 56% | 4.8★ (132) | 0.8 mi | AirbnbVrbo |
Tranquil Oasis: W/ Private Pool House | 4 bd · 2 ba · sleeps 8 | $16,323 | $291 | 15% | 4.5★ (36) | 0.9 mi | AirbnbBooking |
The Hidden Treasure House | 2 bd · 1 ba · sleeps 3 | $16,882 | $71 | 65% | 5★ (1) | 1.7 mi | Airbnb |
The Hideout-21’ sleeps 4 Camper/RV | 2 bd · 1 ba · sleeps 5 | $408 | $136 | 1% | — | 1.8 mi | Airbnb |
💤Peaceful & Private 2 Room Suite w/ Pvt. Entrance Guest suite | 2 bd · 1 ba · sleeps 3 | $25,741 | $94 | 75% | 5★ (470) | 1.8 mi | Airbnb |
Comfortable home near river access trail House | 3 bd · 1 ba · sleeps 6 | $58,315 | $304 | 53% | 4.8★ (48) | 2.0 mi | AirbnbVrboBooking |
Gorgeous Riverside Home Close to Bethel Church House | 3 bd · 2 ba · sleeps 8 | $40,579 | $327 | 34% | 4.9★ (97) | 2.1 mi | Airbnb |
Redding River House II, Stunning River Location. House | 2 bd · 2 ba · sleeps 6 | $7,774 | $203 | 10% | 5★ (1) | 2.1 mi | Vrbo |
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
$34,797
NOI
$16,507
Cash flow /mo
-$15
Cash needed
$94,320
Cash-on-cash
-0.2%
ROE (yr 1)
9.8%
Cap rate
6.4%
DSCR
0.99
Year-1 write-off
$67,006
Year-1 tax shield @ 32%
$21,442
Year-1 return on equity
- Cash flow (annual)-$177
- Principal paydown$1,688
- Appreciation at%$7,740
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,959
- Platform fees (3% of revenue)$1,044
- Maintenance / capex (5% of revenue)$1,740
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,225
- Insurance (STR-rated)$1,509
Cash needed to close
- Down payment (25%)$64,500
- Closing costs (4.0%)$10,320
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$21,442
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
$186,000
Short-life (5/15-yr)
$47,000 · 25%
Year-1 deduction
$67,000
Year-1 tax shield @ 32%
$21,000
Land 28% (county tax record, assessed value split) · building $139,000 over 39 years · new furniture $20,000
Based on: 1,430 sq ft, built 1993, 3 bd / 2 ba, unfurnished, listing features (flooring types).
IRS-guide safe-harbor floor: $53,000 in year 1 (18% short-life, $17,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $5,600
Kitchen cabinetsdefault
$8,900 new × 40% good × 1.57 allocation
- $4,600
Kitchen countertopsdefault
$7,300 new × 40% good × 1.57 allocation
- $1,600
Decorative trimdefault
$2,500 new × 40% good × 1.57 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.57 allocation
- $800
Shelvingdefault
$1,200 new × 40% good × 1.57 allocation
- $2,200
Window coverings (14)default
$3,500 new × 40% good × 1.57 allocation
- $5,800
Carpet, vinyl & laminate (100% of floors)listing
$9,200 new × 40% good × 1.57 allocation
- $4,400
Kitchen & laundry equipment plumbingdefault
$7,000 new × 40% good × 1.57 allocation
- $2,600
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 1.57 allocation
- $5,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.57 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $6,200
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 1.57 allocation
- $5,900
Landscaping (typical)default
$7,500 new × 50% good × 1.57 allocation
- $1,100
Patiosdefault
$1,400 new × 50% good × 1.57 allocation
- $1,100
Decks & porches (attached)default
$1,400 new × 50% good × 1.57 allocation
- $109,300
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$154,700 new × 45% good × 1.57 allocation
- $10,100
Building plumbing & fixturesdefault
$16,100 new × 40% good × 1.57 allocation
- $9,700
Building electrical & lightingdefault
$15,400 new × 40% good × 1.57 allocation
- $10,100
HVACdefault
$16,100 new × 40% good × 1.57 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $52,300 | $14,300 | $400 | $67,000 |
| 2 | $0 | $0 | $3,600 | $3,600 |
| 3 | $0 | $0 | $3,600 | $3,600 |
| 4 | $0 | $0 | $3,600 | $3,600 |
| 5 | $0 | $0 | $3,600 | $3,600 |
| 6+ | $0 | $0 | $124,400 | $124,400 |
| Total | $52,300 | $14,300 | $139,200 | $205,700 |
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.