STR Yield
← Back to deals
MortgageCash
564 Estate St

564 Estate St

Redding, CA 96002

$424,900

5 bd · 2 ba · 2,242 sqft · Listed 18d ago

View on Realtor.com →
Low confidence

Year built

1966

Sqft

2,242

Lot sqft

9,148

HOA / mo

$0

Furnished

No

List date

2026-09-11T01:28:47.000000Z

Revenue

Annual revenue

$43,600

ADR

$263

Occupancy

45%

Cleaning fees (12 mo)

$6,397

Confidence

Low (27.21), 6 comps

Comp revenue range (p25 / median / p75)

$17,822$36,597$55,139

  • Redding Ranch Style House with Pool

    House · 4 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $56,643ADR $209Occ ≈ 74%4.9★ (274)

    Airbnb

  • Casita Shasta: Spacious Poolside Retreat w/ Spa

    House · 5 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $75,368ADR $395Occ ≈ 52%4.9★ (59)

    Airbnb

  • "GOOD VIBE" Magnificent home away from home!

    House · 6 bd · 3 ba · sleeps 10 · 0.5 mi

    Revenue $50,625ADR $268Occ ≈ 52%4.8★ (105)

    Airbnb

  • Spacious 5-bedrooms house in fabulous Redding with Swimming pool 12 beds,3 bath

    House · 5 bd · 3 ba · sleeps 12 · 0.5 mi

    Revenue $22,569ADR $561Occ ≈ 11%4.4★ (3)

    Vrbo

  • Large Redding, CA Oasis

    House · 5 bd · 3 ba · sleeps 15 · 0.5 mi

    Revenue $4,293ADR $505Occ ≈ 2%4★ (6)

    AirbnbBooking

  • Large 5 bedroom house South Redding, great location,

    House · 5 bd · 3 ba · sleeps 15 · 0.5 mi

    Revenue $16,240ADR $435Occ ≈ 10%4.5★ (21)

    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

Financing

Est. revenue

$43,600

NOI

$20,032

Cash flow /mo

$1,669

Cash needed

$468,396

Cash-on-cash (all cash)

4.3%

ROE (yr 1)

7.0%

Cap rate

4.7%

DSCR

—

Year-1 write-off

$119,096

Year-1 tax shield @ 32%

$38,111

Year-1 return on equity

  • Cash flow (annual)$20,032
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$12,747
ROE7.0%
ROE incl. year-1 tax savings (32% bracket, STR loophole)15.1%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$8,720
  • Platform fees (3% of revenue)$1,308
  • Maintenance / capex (5% of revenue)$2,180
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,311
  • Insurance (STR-rated)$2,486

Cash needed to close

  • Purchase price (all cash)$424,900
  • Closing costs (4.0%)$16,996
  • Furnishing (bought new)$26,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$38,111

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

$369,000

Short-life (5/15-yr)

$92,000 · 25%

Year-1 deduction

$119,000

Year-1 tax shield @ 32%

$38,000

Land 13% (county tax record, assessed value split) · building $277,000 over 39 years · new furniture $27,000

Based on: 2,242 sq ft, built 1966, 5 bd / 2 ba, unfurnished, listing features (patio, fireplace, stone counters, flooring types, appliance list).

IRS-guide safe-harbor floor: $93,000 in year 1 (18% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$84,300

  • Kitchen cabinetsdefault

    $10,700 new × 40% good × 2.15 allocation

    $9,200

  • Kitchen countertops (stone)listing

    $11,000 new × 40% good × 2.15 allocation

    $9,400

  • Decorative trimdefault

    $3,900 new × 40% good × 2.15 allocation

    $3,400

  • Mirrorsdefault

    $300 new × 40% good × 2.15 allocation

    $300

  • Shelvingdefault

    $1,800 new × 40% good × 2.15 allocation

    $1,500

  • Window coverings (22)default

    $5,500 new × 40% good × 2.15 allocation

    $4,700

  • Carpet, vinyl & laminate (100% of floors)listing

    $14,400 new × 40% good × 2.15 allocation

    $12,400

  • Kitchen & laundry equipment plumbingdefault

    $8,300 new × 40% good × 2.15 allocation

    $7,200

  • Kitchen, laundry & data equipment electricaldefault

    $5,000 new × 40% good × 2.15 allocation

    $4,300

  • Appliances (range, microwave, dishwasher, disposal, refrigerator)listing

    $6,100 new × 40% good × 2.15 allocation

    $5,300

  • Furniture bought newlisting

    $26,500 new × 100% good · bought separately

    $26,500
15-year land improvements$34,000

  • Paving: driveway & walks (paved)default

    $9,800 new × 50% good × 2.15 allocation

    $10,600

  • Landscaping (typical)default

    $9,400 new × 50% good × 2.15 allocation

    $10,200

  • Patioslisting

    $10,100 new × 50% good × 2.15 allocation

    $10,900

  • Decks & porches (attached)default

    $2,200 new × 50% good × 2.15 allocation

    $2,400
Building, 39-year$276,900

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $242,900 new × 40% good × 2.15 allocation

    $209,000

  • Building plumbing & fixturesdefault

    $25,200 new × 40% good × 2.15 allocation

    $21,700

  • Building electrical & lightingdefault

    $25,700 new × 40% good × 2.15 allocation

    $22,100

  • HVACdefault

    $25,300 new × 40% good × 2.15 allocation

    $21,700

  • Fireplacelisting

    $2,600 new × 40% good × 2.15 allocation

    $2,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$84,300$34,000$900$119,100
2$0$0$7,100$7,100
3$0$0$7,100$7,100
4$0$0$7,100$7,100
5$0$0$7,100$7,100
6+$0$0$247,600$247,600
Total$84,300$34,000$276,900$395,100

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 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.