10632 Cheshire Way
Palo Cedro, CA 96073
$410,000
3 bd · 2 ba · 1,479 sqft · Listed 1d ago
View on Realtor.com →Year built
1990
Sqft
1,479
Lot sqft
261,360
HOA / mo
$0
Furnished
No
List date
2026-10-10T00:44:31.000000Z
Revenue
Annual revenue
$20,911
ADR
$144
Occupancy
40%
Cleaning fees (12 mo)
$2,345
Confidence
Low (—), 4 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $22,869
Serene Homestead Hideaway
House · 3 bd · 2 ba · sleeps 6 · 0.9 mi
Revenue $24,633ADR $162Occ ≈ 42%4.7★ (21)
Delisted
Palo Cedro Country Family Home on Creek
House · 3 bd · 2 ba · sleeps 7 · 2.0 mi
Revenue $7,735ADR $221Occ ≈ 10%—
Delisted
Peaceful Craftsman on Acres w/Labyrinth
House · 3 bd · 2 ba · sleeps 5 · 2.0 mi
Revenue $21,104ADR $201Occ ≈ 29%4.9★ (9)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Serene Homestead Hideaway House | 3 bd · 2 ba · sleeps 6 | $24,633 | $162 | 42% | 4.7★ (21) | 0.9 mi | Delisted |
Palo Cedro Country Family Home on Creek House | 3 bd · 2 ba · sleeps 7 | $7,735 | $221 | 10% | — | 2.0 mi | Delisted |
Palo Cedro 22-Acre ViewPoint Lodge House
| 3 bd · 3 ba · sleeps 8 | $27,906 | $293 | 26% | 5★ (23) | 2.0 mi | AirbnbVrbo |
Peaceful Craftsman on Acres w/Labyrinth House | 3 bd · 2 ba · sleeps 5 | $21,104 | $201 | 29% | 4.9★ (9) | 2.0 mi | Delisted |
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
$20,911
NOI
$3,947
Cash flow /mo
-$1,960
Cash needed
$138,400
Cash-on-cash
-17.0%
ROE (yr 1)
-6.3%
Cap rate
1.0%
DSCR
0.14
Year-1 write-off
$133,440
Year-1 tax shield @ 32%
$42,701
Year-1 return on equity
- Cash flow (annual)-$23,515
- Principal paydown$2,493
- Appreciation at%$12,300
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)$4,182
- Platform fees (3% of revenue)$627
- Maintenance / capex (5% of revenue)$1,046
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,125
- Insurance (STR-rated)$2,399
Cash needed to close
- Down payment (25%)$102,500
- Closing costs (4.0%)$16,400
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$42,701
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
$381,000
Short-life (5/15-yr)
$114,000 · 30%
Year-1 deduction
$133,000
Year-1 tax shield @ 32%
$43,000
Land 7% (county tax record, assessed value split) · building $267,000 over 39 years · new furniture $20,000
Based on: 1,479 sq ft, built 1990, 3 bd / 2 ba, unfurnished, listing features (deck, flooring types, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $84,000 in year 1 (17% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,800
Kitchen cabinetsdefault
$9,000 new × 40% good × 2.98 allocation
- $8,800
Kitchen countertopsdefault
$7,400 new × 40% good × 2.98 allocation
- $3,100
Decorative trimdefault
$2,600 new × 40% good × 2.98 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 2.98 allocation
- $1,400
Shelvingdefault
$1,200 new × 40% good × 2.98 allocation
- $4,500
Window coverings (15)default
$3,800 new × 40% good × 2.98 allocation
- $11,300
Carpet, vinyl & laminate (100% of floors)listing
$9,500 new × 40% good × 2.98 allocation
- $8,400
Kitchen & laundry equipment plumbingdefault
$7,000 new × 40% good × 2.98 allocation
- $5,100
Kitchen, laundry & data equipment electricaldefault
$4,300 new × 40% good × 2.98 allocation
- $9,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.98 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $11,900
Paving: driveway & walks (paved)default
$8,000 new × 50% good × 2.98 allocation
- $11,400
Landscaping (typical)default
$7,700 new × 50% good × 2.98 allocation
- $2,200
Patiosdefault
$1,500 new × 50% good × 2.98 allocation
- $24,800
Decks & porches (attached)listing
$16,600 new × 50% good × 2.98 allocation
- $190,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$160,100 new × 40% good × 2.98 allocation
- $19,800
Building plumbing & fixturesdefault
$16,600 new × 40% good × 2.98 allocation
- $19,100
Building electrical & lightingdefault
$16,000 new × 40% good × 2.98 allocation
- $19,900
HVACdefault
$16,700 new × 40% good × 2.98 allocation
- $17,900
Septic systemlisting
$12,000 new × 50% good × 2.98 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $82,900 | $50,300 | $300 | $133,400 |
| 2 | $0 | $0 | $6,900 | $6,900 |
| 3 | $0 | $0 | $6,900 | $6,900 |
| 4 | $0 | $0 | $6,900 | $6,900 |
| 5 | $0 | $0 | $6,900 | $6,900 |
| 6+ | $0 | $0 | $239,700 | $239,700 |
| Total | $82,900 | $50,300 | $267,400 | $400,600 |
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.