1228 Cedarwood Ct
Redding, CA 96002
$315,000
3 bd · 2 ba · 1,028 sqft · Listed 1d ago
View on Realtor.com →Year built
1984
Sqft
1,028
Lot sqft
10,890
HOA / mo
$0
Furnished
No
List date
2026-10-13T19:24:41.000000Z
Revenue
Annual revenue
$38,767
ADR
$149
Occupancy
71%
Cleaning fees (12 mo)
$5,947
Confidence
Low (50.48), 17 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $33,139
Renovated 3-Bedroom Mid Century Home
House · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $19,000ADR $227Occ ≈ 23%4.3★ (4)
Oh Joy! 3 beds 2 baths Organic Avocado mattress
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $36,297ADR $210Occ ≈ 47%4.7★ (46)
Pineland Getaway ~ 4 Queens, 2 Twins
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $39,649ADR $198Occ ≈ 55%4.8★ (103)
Contractor Friendly 3 Bdrm Townhomes - 30 day
Apartment · 3 bd · 1.5 ba · sleeps 7 · 0.5 mi
Revenue $23,962ADR $88Occ ≈ 75%—
Delisted
Relaxing Home 15 mins to Lake
House · 3 bd · 2.5 ba · sleeps 6 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +4
Revenue $34,016ADR $132Occ ≈ 71%4.9★ (36)
Warm and Cozy Redding Home
House · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $32,485ADR $142Occ ≈ 63%4.9★ (230)
Cozy Redding Home Close to Just About Everything
House · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $18,180ADR $137Occ ≈ 36%4.8★ (182)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
* * *Pineland Place* * * House
| 3 bd · 2 ba · sleeps 6 | $53,208 | $221 | 66% | 4.8★ (178) | 0.2 mi | AirbnbVrbo |
Pool, Fire Pit, Pets OK, EV, Yard Games House
| 3 bd · 2 ba · sleeps 6 | $85,075 | $279 | 84% | 5★ (93) | 0.3 mi | AirbnbVrboBooking |
Renovated 3-Bedroom Mid Century Home House | 3 bd · 2 ba · sleeps 6 | $19,000 | $227 | 23% | 4.3★ (4) | 0.3 mi | Airbnb |
Oh Joy! 3 beds 2 baths Organic Avocado mattress House | 3 bd · 2 ba · sleeps 6 | $36,297 | $210 | 47% | 4.7★ (46) | 0.4 mi | Booking |
Pineland Getaway ~ 4 Queens, 2 Twins Vacation home | 3 bd · 2 ba · sleeps 6 | $39,649 | $198 | 55% | 4.8★ (103) | 0.4 mi | Airbnb |
* * *Carpenter Lane* * * House
| 3 bd · 2 ba · sleeps 6 | $55,575 | $211 | 72% | 4.9★ (226) | 0.5 mi | AirbnbVrbo |
Contractor Friendly 3 Bdrm Townhomes - 30 day Apartment | 3 bd · 1.5 ba · sleeps 7 | $23,962 | $88 | 75% | — | 0.5 mi | Delisted |
Relaxing Home 15 mins to Lake House
| 3 bd · 2.5 ba · sleeps 6 | $34,016 | $132 | 71% | 4.9★ (36) | 0.5 mi | Airbnb |
Warm and Cozy Redding Home House
| 3 bd · 2.5 ba · sleeps 8 | $32,485 | $142 | 63% | 4.9★ (230) | 0.5 mi | Airbnb |
Cozy Redding Home Close to Just About Everything House
| 3 bd · 2.5 ba · sleeps 8 | $18,180 | $137 | 36% | 4.8★ (182) | 0.5 mi | Airbnb |
Show 7 more
Old-Time Country Getaway in Redding
Townhouse · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $28,111ADR $163Occ ≈ 47%4.9★ (135)
Large Redding Home Away From Home
House · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $31,882ADR $140Occ ≈ 62%4.9★ (146)
Spacious Cozy Redding Home
House · 3 bd · 2.5 ba · sleeps 10 · 0.6 mi
Revenue $4,680ADR $780Occ ≈ 2%4.8★ (88)
Delisted
Redding Escape for Large Family
Townhouse · 3 bd · 2 ba · sleeps 6 · 0.6 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $32,958ADR $177Occ ≈ 51%4.9★ (234)
Redding Escape for Large Family #2
Townhouse · 3 bd · 2 ba · sleeps 6 · 0.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $33,139ADR $180Occ ≈ 50%4.9★ (226)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Old-Time Country Getaway in Redding Townhouse
| 3 bd · 2.5 ba · sleeps 8 | $28,111 | $163 | 47% | 4.9★ (135) | 0.5 mi | Airbnb |
Large Redding Home Away From Home House
| 3 bd · 2.5 ba · sleeps 8 | $31,882 | $140 | 62% | 4.9★ (146) | 0.5 mi | Airbnb |
Spacious Cozy Redding Home House | 3 bd · 2.5 ba · sleeps 10 | $4,680 | $780 | 2% | 4.8★ (88) | 0.6 mi | Delisted |
* * *Casa Vereda (Trail House)* * * House
| 3 bd · 2 ba · sleeps 6 | $51,777 | $213 | 67% | 4.8★ (149) | 0.6 mi | AirbnbVrbo |
* * *Arroyo Manor* * * House
| 3 bd · 2 ba · sleeps 6 | $51,514 | $205 | 69% | 4.8★ (151) | 0.6 mi | AirbnbVrbo |
Redding Escape for Large Family Townhouse
| 3 bd · 2 ba · sleeps 6 | $32,958 | $177 | 51% | 4.9★ (234) | 0.6 mi | Airbnb |
Redding Escape for Large Family #2 Townhouse
| 3 bd · 2 ba · sleeps 6 | $33,139 | $180 | 50% | 4.9★ (226) | 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 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$38,767
NOI
$18,404
Cash flow /mo
-$225
Cash needed
$110,850
Cash-on-cash
-2.4%
ROE (yr 1)
7.8%
Cap rate
5.8%
DSCR
0.87
Year-1 write-off
$90,236
Year-1 tax shield @ 32%
$28,876
Year-1 return on equity
- Cash flow (annual)-$2,695
- Principal paydown$1,916
- Appreciation at%$9,450
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)$7,753
- Platform fees (3% of revenue)$1,163
- Maintenance / capex (5% of revenue)$1,938
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,938
- Insurance (STR-rated)$1,843
Cash needed to close
- Down payment (25%)$78,750
- Closing costs (4.0%)$12,600
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,876
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
$229,000
Short-life (5/15-yr)
$71,000 · 31%
Year-1 deduction
$90,000
Year-1 tax shield @ 32%
$29,000
Land 27% (county tax record, assessed value split) · building $159,000 over 39 years · new furniture $20,000
Based on: 1,028 sq ft, built 1984, 3 bd / 2 ba, unfurnished, listing features (flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $69,000 in year 1 (22% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,900
Kitchen cabinetsdefault
$8,100 new × 40% good × 2.75 allocation
- $7,300
Kitchen countertopsdefault
$6,600 new × 40% good × 2.75 allocation
- $2,000
Decorative trimdefault
$1,800 new × 40% good × 2.75 allocation
- $300
Mirrorsdefault
$300 new × 40% good × 2.75 allocation
- $1,300
Shelvingdefault
$1,200 new × 40% good × 2.75 allocation
- $2,800
Window coverings (10)default
$2,500 new × 40% good × 2.75 allocation
- $7,300
Carpet, vinyl & laminate (100% of floors)listing
$6,600 new × 40% good × 2.75 allocation
- $6,900
Kitchen & laundry equipment plumbingdefault
$6,300 new × 40% good × 2.75 allocation
- $4,200
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 2.75 allocation
- $8,900
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.75 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $9,200
Paving: driveway & walks (paved)default
$6,600 new × 50% good × 2.75 allocation
- $8,800
Landscaping (typical)default
$6,400 new × 50% good × 2.75 allocation
- $1,400
Patiosdefault
$1,000 new × 50% good × 2.75 allocation
- $1,400
Decks & porches (attached)default
$1,000 new × 50% good × 2.75 allocation
- $122,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$110,800 new × 40% good × 2.75 allocation
- $12,700
Building plumbing & fixturesdefault
$11,500 new × 40% good × 2.75 allocation
- $11,400
Building electrical & lightingdefault
$10,300 new × 40% good × 2.75 allocation
- $12,800
HVACdefault
$11,600 new × 40% good × 2.75 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $69,300 | $20,800 | $200 | $90,200 |
| 2 | $0 | $0 | $4,100 | $4,100 |
| 3 | $0 | $0 | $4,100 | $4,100 |
| 4 | $0 | $0 | $4,100 | $4,100 |
| 5 | $0 | $0 | $4,100 | $4,100 |
| 6+ | $0 | $0 | $142,400 | $142,400 |
| Total | $69,300 | $20,800 | $158,900 | $249,000 |
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.