1354 Bonhurst Dr
Redding, CA 96003
$489,000
3 bd · 2 ba · 1,806 sqft · Listed 5d ago
View on Realtor.com →Year built
2017
Sqft
1,806
Lot sqft
10,019
HOA / mo
$0
Furnished
No
List date
2026-11-07T06:41:06.000000Z
Revenue
Annual revenue
$50,139
ADR
$209
Occupancy
66%
Cleaning fees (12 mo)
$8,769
Confidence
Low (21.49), 12 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $37,992
Perfect Redding Retreat w/Hot tub, Pool & King bed
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $73,287ADR $309Occ ≈ 65%4.9★ (120)
Peaceful Estate: 4BR, Soaking Tub & Forest Views
House · 4 bd · 2 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $11,442ADR $197Occ ≈ 16%5★ (7)
Upscale Spacious Home Best Neighbhd 30 Day Minimum
House · 4 bd · 2 ba · sleeps 6 · 0.5 mi
Revenue $12,745ADR $133Occ ≈ 26%—
Delisted
Family Escape | Dog Friendly + Hot Tub + Fire Pit
House · 4 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $588ADR $588Occ ≈ 0%4.8★ (37)
4BR Retreat - Pool & Sauna on site
House · 4 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $35,765ADR $0Occ ≈ —4.5★ (13)
Delisted
Bright and clean 2 bedroom home. Close to town.
House · 2 bd · 1 ba · sleeps 4 · 0.6 mi
- Free parking
- Wifi
- Kitchen
- Washer
Revenue $37,992ADR $146Occ ≈ 71%5★ (354)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Ohana Landing : ! Heated Pool ! Waters\ide* Spa* House
| 4 bd · 2.5 ba · sleeps 10 | $80,602 | $492 | 45% | 4.9★ (134) | 0.2 mi | AirbnbVrbo |
Redding Home w/ Patio Near Fishing! House | 4 bd · 2 ba · sleeps 8 | $53,930 | $209 | 71% | 4.9★ (57) | 0.2 mi | AirbnbBooking |
The Refuge at Diamond Ridge | Pool and Spa House
| 4 bd · 2 ba · sleeps 10 | $43,872 | $493 | 24% | 4.9★ (23) | 0.4 mi | AirbnbVrbo |
Perfect Redding Retreat w/Hot tub, Pool & King bed House | 3 bd · 3 ba · sleeps 8 | $73,287 | $309 | 65% | 4.9★ (120) | 0.4 mi | Airbnb |
Peaceful Estate: 4BR, Soaking Tub & Forest Views House
| 4 bd · 2 ba · sleeps 8 | $11,442 | $197 | 16% | 5★ (7) | 0.5 mi | Airbnb |
Upscale Spacious Home Best Neighbhd 30 Day Minimum House | 4 bd · 2 ba · sleeps 6 | $12,745 | $133 | 26% | — | 0.5 mi | Delisted |
Family Escape | Dog Friendly + Hot Tub + Fire Pit House | 4 bd · 2 ba · sleeps 8 | $588 | $588 | 0% | 4.8★ (37) | 0.6 mi | Airbnb |
Sunny Pines | Pool & Spa+Central House
| 4 bd · 2 ba · sleeps 10 | $93,239 | $500 | 51% | 5★ (30) | 0.6 mi | AirbnbVrbo |
4BR Retreat - Pool & Sauna on site House | 4 bd · 2 ba · sleeps 6 | $35,765 | $0 | — | 4.5★ (13) | 0.6 mi | Delisted |
Bright and clean 2 bedroom home. Close to town. House
| 2 bd · 1 ba · sleeps 4 | $37,992 | $146 | 71% | 5★ (354) | 0.6 mi | Airbnb |
Show 3 more
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $6,713ADR $0Occ ≈ ——
Large Home / privacy/desirable neighborhood /Views
House · 4 bd · 2.5 ba · sleeps 9 · 0.7 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +2
Revenue $7,233ADR $183Occ ≈ 11%5★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR Vacation home | 4 bd · 2 ba · sleeps 8 | $6,713 | $0 | — | — | 0.6 mi | Booking |
| Mountain Trio | !VIEWS! Heated Pool & Spacious! House
| 3 bd · 2.5 ba · sleeps 8 | $78,201 | $385 | 56% | 5★ (195) | 0.7 mi | AirbnbVrbo |
Large Home / privacy/desirable neighborhood /Views House
| 4 bd · 2.5 ba · sleeps 9 | $7,233 | $183 | 11% | 5★ (4) | 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 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$50,139
NOI
$23,660
Cash flow /mo
-$702
Cash needed
$161,310
Cash-on-cash
-5.2%
ROE (yr 1)
5.8%
Cap rate
4.8%
DSCR
0.74
Year-1 write-off
$97,767
Year-1 tax shield @ 32%
$31,285
Year-1 return on equity
- Cash flow (annual)-$8,418
- Principal paydown$3,106
- Appreciation at%$14,670
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)$10,028
- Platform fees (3% of revenue)$1,504
- Maintenance / capex (5% of revenue)$2,507
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,113
- Insurance (STR-rated)$2,861
Cash needed to close
- Down payment (25%)$122,250
- Closing costs (4.0%)$19,560
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$31,285
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
$394,000
Short-life (5/15-yr)
$78,000 · 20%
Year-1 deduction
$98,000
Year-1 tax shield @ 32%
$31,000
Land 20% (county tax record, assessed value split) · building $316,000 over 39 years · new furniture $20,000
Based on: 1,806 sq ft, built 2017, 3 bd / 2 ba, unfurnished, listing features (patio, fireplace, stone counters, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $73,000 in year 1 (14% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $9,300
Kitchen cabinetsdefault
$9,800 new × 64% good × 1.49 allocation
- $9,500
Kitchen countertops (stone)listing
$10,000 new × 64% good × 1.49 allocation
- $3,000
Decorative trimdefault
$3,200 new × 64% good × 1.49 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.49 allocation
- $1,100
Shelvingdefault
$1,200 new × 64% good × 1.49 allocation
- $2,700
Window coverings (18)default
$4,500 new × 40% good × 1.49 allocation
- $6,900
Carpet, vinyl & laminate (100% of floors)listing
$11,600 new × 40% good × 1.49 allocation
- $9,200
Kitchen & laundry equipment plumbingdefault
$7,600 new × 82% good × 1.49 allocation
- $5,600
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 82% good × 1.49 allocation
- $4,800
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 1.49 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $8,400
Paving: driveway & walks (paved)default
$8,800 new × 64% good × 1.49 allocation
- $8,100
Landscaping (typical)default
$8,500 new × 64% good × 1.49 allocation
- $7,700
Patioslisting
$8,100 new × 64% good × 1.49 allocation
- $1,500
Decks & porches (attached)default
$1,800 new × 55% good × 1.49 allocation
- $247,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$195,800 new × 85% good × 1.49 allocation
- $24,700
Building plumbing & fixturesdefault
$20,300 new × 82% good × 1.49 allocation
- $24,600
Building electrical & lightingdefault
$20,200 new × 82% good × 1.49 allocation
- $16,600
HVACdefault
$20,300 new × 55% good × 1.49 allocation
- $2,500
Fireplacelisting
$2,600 new × 64% good × 1.49 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $71,800 | $25,600 | $300 | $97,800 |
| 2 | $0 | $0 | $8,100 | $8,100 |
| 3 | $0 | $0 | $8,100 | $8,100 |
| 4 | $0 | $0 | $8,100 | $8,100 |
| 5 | $0 | $0 | $8,100 | $8,100 |
| 6+ | $0 | $0 | $282,900 | $282,900 |
| Total | $71,800 | $25,600 | $315,700 | $413,100 |
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.