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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

1965 Bechelli Ln

1965 Bechelli Ln

Redding, CA 96002

$355,000

2 bd · 2.5 ba · 1,600 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceNegative cash flow

Year built

1974

Sqft

1,600

Lot sqft

1,307

HOA / mo

$470

Furnished

No

List date

2026-10-17T15:23:14.000000Z

Revenue

Annual revenue

$20,741

ADR

$71

Occupancy

80%

Cleaning fees (12 mo)

$2,680

Confidence

Low (-1.49), 20 comps

Comp revenue range (p25 / median / p75)

$5,730$9,558$25,817

Few similar-size comps were found, so all comps are shown.

Median revenue of shown comps: $9,558

  • Sunny 2-bed Room|Pool|Free Wifi

    Apartment · 1 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $85ADR $85Occ ≈ 0%5★ (275)

    Vrbo

  • 1 Full Bed | ADA/RI Shower/Micfridge

    Apartment · 1 bd · 1 ba · sleeps 2 · 0.3 mi

    Revenue $1,390ADR $81Occ ≈ 5%5★ (281)

    Vrbo

  • 1 Queen Bed | Micfridge

    Apartment · 1 bd · 1 ba · sleeps 2 · 0.3 mi

    Revenue $246ADR $82Occ ≈ 1%5★ (293)

    Vrbo

  • Mid-Century retreat with pool

    House · 3 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $60,236ADR $225Occ ≈ 73%5★ (7)

    Delisted

  • Master room Full privileges Walk to Sundial bridge

    House · 1 bd · 1 ba · sleeps 2 · 0.5 mi

    Revenue $8,037ADR $43Occ ≈ 51%4.9★ (78)

    Airbnb

  • Pineland Getaway ~ 4 Queens, 2 Twins

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $39,649ADR $198Occ ≈ 55%4.8★ (103)

    Airbnb

  • Vintage Room • hotel style entrance

    House · 1 bd · 1 ba · sleeps 2 · 0.5 mi

    Revenue $5,992ADR $53Occ ≈ 31%4.8★ (180)

    AirbnbVrbo

  • Bedroom in Centrally Located beautiful Home

    House · 1 bd · 1 ba · sleeps 6 · 0.5 mi

    Revenue $2,622ADR $46Occ ≈ 16%—

    Airbnb

  • Forest Room • 2 beds • private bath

    House · 1 bd · 1 ba · sleeps 3 · 0.5 mi

    Revenue $9,836ADR $63Occ ≈ 43%4.8★ (171)

    Airbnb

  • Elevation Room • Hotel-Style Entrance

    House · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $9,280ADR $51Occ ≈ 50%4.8★ (236)

    AirbnbBooking

Show 10 more

  • Large bedroom, private entrance, personal AC & TV

    House · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $4,943ADR $38Occ ≈ 36%4.8★ (17)

    Airbnb

  • Poolside Bungalow with Loft

    Guest house · 2 bd · 1 ba · sleeps 4 · 0.6 mi

    Revenue $31,232ADR $105Occ ≈ 81%4.9★ (146)

    Airbnb

  • Poolside Studio

    Guest house · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $17,279ADR $53Occ ≈ 89%5★ (26)

    Airbnb

  • Victory Suite- Private Entrance & Bathroom

    Guest suite · 1 bd · 1 ba · sleeps 4 · 0.6 mi

    Revenue $12,130ADR $130Occ ≈ 26%4.9★ (215)

    AirbnbVrbo

  • Pet Friendly Private Studio w/ Fireplace & Parking

    Guest suite · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $7,250ADR $61Occ ≈ 33%4.8★ (11)

    AirbnbVrbo

  • Cozy 3 Bedroom House Near the Sac River in Redding

    House · 2 bd · 2 ba · sleeps 5 · 0.6 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $40,064ADR $158Occ ≈ 69%4.9★ (126)

    Airbnb

  • Gravity Room • hotel style entrance

    House · 1 bd · 1 ba · sleeps 2 · 0.6 mi

    Revenue $8,128ADR $51Occ ≈ 44%4.8★ (156)

    Airbnb

  • * * *Carpenter Lane* * *

    House · 3 bd · 2 ba · sleeps 6 · 0.7 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $55,575ADR $211Occ ≈ 72%4.9★ (226)

    AirbnbVrbo

  • Newly remodeled studio w/private entrance, 2 beds

    Guest suite · 1 bd · 1 ba · sleeps 2 · 0.7 mi

    Revenue $24,012ADR $103Occ ≈ 64%5★ (464)

    Airbnb

  • The Mini Manor

    Apartment · 1 bd · 1 ba · sleeps 2 · 0.7 mi

    Revenue $21,681ADR $71Occ ≈ 84%5★ (4)

    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

Financing
Management
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 15) + 0.75% investor premium

Est. revenue

$20,741

NOI

-$888

Cash flow /mo

-$2,056

Cash needed

$118,950

Cash-on-cash

-20.7%

ROE (yr 1)

-10.0%

Cap rate

-0.3%

DSCR

-0.04

Year-1 write-off

$63,578

Year-1 tax shield @ 32%

$20,345

Year-1 return on equity

  • Cash flow (annual)-$24,667
  • Principal paydown$2,159
  • Appreciation at%$10,650
ROE-10.0%

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)$4,148
  • Platform fees (3% of revenue)$622
  • Maintenance / capex (5% of revenue)$1,037
  • Utilities & supplies$4,200
  • HOA$5,640
  • Property tax$4,438
  • Insurance (STR-rated)$2,077

Cash needed to close

  • Down payment (25%)$88,750
  • Closing costs (4.0%)$14,200
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$20,345

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

$302,000

Short-life (5/15-yr)

$47,000 · 16%

Year-1 deduction

$64,000

Year-1 tax shield @ 32%

$20,000

Land 15% (county tax record, assessed value split) · building $254,000 over 39 years · new furniture $16,000

Based on: 1,600 sq ft, built 1974, 2 bd / 2.5 ba, unfurnished, listing features (deck, patio, fireplace, flooring types).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $41,000 in year 1 (8% short-life, $13,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$63,300

  • Kitchen cabinetsdefault

    $9,300 new × 40% good × 2.65 allocation

    $9,900

  • Kitchen countertopsdefault

    $7,600 new × 40% good × 2.65 allocation

    $8,100

  • Decorative trimdefault

    $2,800 new × 40% good × 2.65 allocation

    $3,000

  • Mirrorsdefault

    $300 new × 40% good × 2.65 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 2.65 allocation

    $1,000

  • Window coverings (16)default

    $4,000 new × 40% good × 2.65 allocation

    $4,200

  • Kitchen & laundry equipment plumbingdefault

    $7,200 new × 40% good × 2.65 allocation

    $7,700

  • Kitchen, laundry & data equipment electricaldefault

    $4,400 new × 40% good × 2.65 allocation

    $4,600

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.65 allocation

    $8,600

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
Building, 39-year$254,400

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

    $173,600 new × 40% good × 2.65 allocation

    $184,000

  • Building plumbing & fixturesdefault

    $18,000 new × 40% good × 2.65 allocation

    $19,100

  • Building electrical & lightingdefault

    $17,600 new × 40% good × 2.65 allocation

    $18,600

  • HVACdefault

    $18,000 new × 40% good × 2.65 allocation

    $19,100

  • Hardwood & tile floorsdefault

    $10,300 new × 40% good × 2.65 allocation

    $10,900

  • Fireplacelisting

    $2,600 new × 40% good × 2.65 allocation

    $2,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$63,300$0$300$63,600
2$0$0$6,500$6,500
3$0$0$6,500$6,500
4$0$0$6,500$6,500
5$0$0$6,500$6,500
6+$0$0$228,100$228,100
Total$63,300$0$254,400$317,700

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, 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.