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20700 Bernard Way

20700 Bernard Way

Redding, CA 96003

$675,000

4 bd · 2.5 ba · 2,457 sqft · Listed 3d ago

View on Realtor.com →
Low confidence

Year built

2004

Sqft

2,457

Lot sqft

154,202

HOA / mo

$0

Furnished

No

List date

2026-10-08T19:05:28.000000Z

Revenue

Annual revenue

$36,745

ADR

$230

Occupancy

44%

Cleaning fees (12 mo)

$4,882

Confidence

Low (23.29), 7 comps

Comp revenue range (p25 / median / p75)

$17,862$28,959$43,713

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

Median revenue of shown comps: $28,959

  • Romantic Farmhouse 10 min. to Shasta Lake .

    House · 3 bd · 2 ba · sleeps 9 · 1.5 mi

    Revenue $544ADR $272Occ ≈ 1%4.5★ (6)

    Airbnb

  • Hot Tub, Dog-Friendly Yard! 3-Acre Redding Retreat

    House · 3 bd · 2 ba · sleeps 9 · 1.5 mi

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +3

    Revenue $45,741ADR $239Occ ≈ 52%4.7★ (22)

    AirbnbVrboBooking

  • The Shed on Sunrise

    House · 4 bd · 3 ba · sleeps 8 · 1.6 mi

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +6

    Revenue $19,669ADR $190Occ ≈ 28%4.8★ (19)

    Airbnb

  • The Shed On Sunrise

    Vacation home · 5 bd · 3 ba · sleeps 6 · 1.6 mi

    Revenue $16,054ADR $277Occ ≈ 16%4.9★ (4)

    Booking

  • Bear Mountain Retreat House

    House · 5 bd · 3.5 ba · sleeps 13 · 1.6 mi

    Revenue $41,685ADR $664Occ ≈ 17%5★ (8)

    Delisted

  • Redding Retreat Ranch

    House · 3 bd · 2.5 ba · sleeps 10 · 1.6 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +3

    Revenue $78,626ADR $517Occ ≈ 42%4.9★ (224)

    AirbnbVrbo

  • ‘Mtn Gate Guest House’ ~ 6 Mi to Shasta Lake!

    House · 3 bd · 2 ba · sleeps 5 · 1.8 mi

    • Wifi
    • Kitchen
    • Washer
    • Fireplace

    Revenue $28,959ADR $212Occ ≈ 37%5★ (43)

    AirbnbVrboBooking

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

Est. revenue

$36,745

NOI

$10,883

Cash flow /mo

$907

Cash needed

$725,000

Cash-on-cash (all cash)

1.5%

ROE (yr 1)

4.3%

Cap rate

1.6%

DSCR

—

Year-1 write-off

$110,179

Year-1 tax shield @ 32%

$35,257

Year-1 return on equity

  • Cash flow (annual)$10,883
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$20,250
ROE4.3%

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)$7,349
  • Platform fees (3% of revenue)$1,102
  • Maintenance / capex (5% of revenue)$1,837
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$8,438
  • Insurance (STR-rated)$3,949

Cash needed to close

  • Purchase price (all cash)$675,000
  • Closing costs (4.0%)$27,000
  • Furnishing (bought new)$23,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$35,257

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

$580,000

Short-life (5/15-yr)

$87,000 · 15%

Year-1 deduction

$110,000

Year-1 tax shield @ 32%

$35,000

Land 14% (county tax record, assessed value split) · building $493,000 over 39 years · new furniture $23,000

Based on: 2,457 sq ft, built 2004, 4 bd / 2.5 ba, unfurnished, listing features (fireplace, stone counters, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $82,000 in year 1 (10% short-life, $26,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$81,800

  • Kitchen cabinetsdefault

    $11,200 new × 40% good × 2.23 allocation

    $10,000

  • Kitchen countertops (stone)listing

    $11,400 new × 40% good × 2.23 allocation

    $10,200

  • Decorative trimdefault

    $4,300 new × 40% good × 2.23 allocation

    $3,800

  • Mirrorsdefault

    $300 new × 40% good × 2.23 allocation

    $300

  • Shelvingdefault

    $1,500 new × 40% good × 2.23 allocation

    $1,300

  • Window coverings (25)default

    $6,300 new × 40% good × 2.23 allocation

    $5,600

  • Carpet, vinyl & laminate (50% of floors)listing

    $7,900 new × 40% good × 2.23 allocation

    $7,000

  • Kitchen & laundry equipment plumbingdefault

    $8,700 new × 56% good × 2.23 allocation

    $10,900

  • Kitchen, laundry & data equipment electricaldefault

    $5,300 new × 56% good × 2.23 allocation

    $6,600

  • Appliances (dishwasher, disposal, refrigerator)listing

    $3,600 new × 40% good × 2.23 allocation

    $3,200

  • Furniture bought newlisting

    $23,000 new × 100% good · bought separately

    $23,000
15-year land improvements$27,800

  • Paving: driveway & walks (paved)listing

    $10,300 new × 50% good × 2.23 allocation

    $11,400

  • Landscaping (typical)default

    $9,900 new × 50% good × 2.23 allocation

    $11,000

  • Patiosdefault

    $2,400 new × 50% good × 2.23 allocation

    $2,700

  • Decks & porches (attached)default

    $2,400 new × 50% good × 2.23 allocation

    $2,700
Building, 39-year$493,400

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

    $266,700 new × 63% good × 2.23 allocation

    $376,000

  • Building plumbing & fixturesdefault

    $27,700 new × 56% good × 2.23 allocation

    $34,500

  • Building electrical & lightingdefault

    $28,400 new × 56% good × 2.23 allocation

    $35,400

  • HVACdefault

    $27,700 new × 40% good × 2.23 allocation

    $24,700

  • Hardwood & tile floorsdefault

    $7,900 new × 40% good × 2.23 allocation

    $7,000

  • Fireplacelisting

    $2,600 new × 40% good × 2.23 allocation

    $2,300

  • Septic systemlisting

    $12,000 new × 50% good × 2.23 allocation

    $13,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$81,800$27,800$500$110,200
2$0$0$12,600$12,600
3$0$0$12,600$12,600
4$0$0$12,600$12,600
5$0$0$12,600$12,600
6+$0$0$442,200$442,200
Total$81,800$27,800$493,400$603,000

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.