1130 Bingham Dr
Redding, CA 96003
$525,000
3 bd · 2 ba · 1,757 sqft · Listed 22d ago
View on Realtor.com →Year built
2020
Sqft
1,757
Lot sqft
16,553
HOA / mo
$0
Furnished
No
List date
2026-09-07T20:56:14.000000Z
Revenue
Annual revenue
$44,029
ADR
$166
Occupancy
73%
Cleaning fees (12 mo)
$5,965
Confidence
Low (-4.94), 14 comps
Comp revenue range (p25 / median / p75)
Modern Peaceful Home (w/high ceilings)
House · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $16,781ADR $104Occ ≈ 44%5★ (2)
Play. Rest. Repeat.
House · 2 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $38,130ADR $383Occ ≈ 27%5★ (53)
Pool/HotYoga/Cold Plunge/Sauna
House · 4 bd · 2.5 ba · sleeps 12 · 0.4 mi
Revenue $25,564ADR $449Occ ≈ 16%5★ (2)
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR
Vacation home · 4 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $6,713ADR $555Occ ≈ 3%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
*The DREAM HOUSE* SWIMSPA JACUZZI, #1 HOME in RDD House | 3 bd · 2 ba · sleeps 6 | $59,721 | $299 | 55% | 5★ (225) | 262 ft | AirbnbVrbo |
Carnegie Place | *Heated Swim Spa *Private *Modern House | 3 bd · 2 ba · sleeps 7 | $71,894 | $347 | 57% | 5★ (28) | 0.1 mi | AirbnbVrbo |
The Hope House House | 3 bd · 1 ba · sleeps 2 | $4,983 | $56 | 24% | — | 0.2 mi | Airbnb |
Modern Peaceful Home (w/high ceilings) House | 2 bd · 1 ba · sleeps 4 | $16,781 | $104 | 44% | 5★ (2) | 0.3 mi | Airbnb |
The Ridgewood Estate | Pool - Fire Pit - Central House | 4 bd · 2.5 ba · sleeps 10 | $112,862 | $694 | 45% | 5★ (12) | 0.3 mi | AirbnbVrbo |
Play. Rest. Repeat. House | 2 bd · 2 ba · sleeps 6 | $38,130 | $383 | 27% | 5★ (53) | 0.4 mi | Airbnb |
Pool/HotYoga/Cold Plunge/Sauna House | 4 bd · 2.5 ba · sleeps 12 | $25,564 | $449 | 16% | 5★ (2) | 0.4 mi | Airbnb |
Stylish country escape House | 4 bd · 1 ba · sleeps 9 | $0 | $0 | — | — | 0.5 mi | Airbnb |
Pool Hot Tub Fire Pit Pet Friendly BBQ 4BR Vacation home | 4 bd · 2 ba · sleeps 8 | $6,713 | $555 | 3% | — | 0.6 mi | Booking |
Stylish 6 acre escape House | 2 bd · 2 ba · sleeps 6 | $356 | $356 | 0% | — | 0.6 mi | Airbnb |
Show all 14 comps
4BR Retreat - Pool & Sauna on site
House · 4 bd · 2 ba · sleeps 6 · 0.7 mi
Revenue $29,671ADR $314Occ ≈ 26%4.5★ (13)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Sunny Pines | Pool & Spa+Central House | 4 bd · 2 ba · sleeps 10 | $94,126 | $479 | 54% | 4.9★ (25) | 0.6 mi | AirbnbVrbo |
Family Escape | Dog Friendly + Hot Tub + Fire Pit House | 4 bd · 2 ba · sleeps 8 | $7,056 | $588 | 3% | 4.8★ (37) | 0.7 mi | AirbnbVrbo |
Peaceful Home on a Hill with Porch View House | 3 bd · 2 ba · sleeps 7 | $17,461 | $142 | 34% | 4.8★ (11) | 0.7 mi | AirbnbVrbo |
4BR Retreat - Pool & Sauna on site House | 4 bd · 2 ba · sleeps 6 | $29,671 | $314 | 26% | 4.5★ (13) | 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$44,029
NOI
$18,655
Cash flow /mo
-$1,274
Cash needed
$171,750
Cash-on-cash
-8.9%
ROE (yr 1)
2.3%
Cap rate
3.6%
DSCR
0.55
Year-1 write-off
$107,091
Year-1 tax shield @ 32%
$34,269
Year-1 return on equity
- Cash flow (annual)-$15,294
- Principal paydown$3,436
- Appreciation at%$15,750
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$8,806
- Platform fees (3% of revenue)$1,321
- Maintenance / capex (5% of revenue)$2,201
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,563
- Insurance (STR-rated)$3,071
Cash needed to close
- Down payment (25%)$131,250
- Closing costs (4.0%)$21,000
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$34,269
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
$425,000
Short-life (5/15-yr)
$87,000 · 20%
Year-1 deduction
$107,000
Year-1 tax shield @ 32%
$34,000
Land 19% (county tax record, assessed value split) · building $339,000 over 39 years · new furniture $20,000
Based on: 1,757 sq ft, built 2020, 3 bd / 2 ba, unfurnished, listing features (fence, stone counters, flooring types).
IRS-guide safe-harbor floor: $78,000 in year 1 (13% short-life, $25,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,100
Kitchen cabinetsdefault
$9,700 new × 76% good × 1.51 allocation
- $11,300
Kitchen countertops (stone)listing
$9,900 new × 76% good × 1.51 allocation
- $3,500
Decorative trimdefault
$3,100 new × 76% good × 1.51 allocation
- $200
Mirrorsdefault
$300 new × 50% good × 1.51 allocation
- $1,400
Shelvingdefault
$1,200 new × 76% good × 1.51 allocation
- $2,700
Window coverings (18)default
$4,500 new × 40% good × 1.51 allocation
- $4,300
Carpet, vinyl & laminate (50% of floors)listing
$5,700 new × 50% good × 1.51 allocation
- $10,000
Kitchen & laundry equipment plumbingdefault
$7,500 new × 88% good × 1.51 allocation
- $6,000
Kitchen, laundry & data equipment electricaldefault
$4,500 new × 88% good × 1.51 allocation
- $6,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 50% good × 1.51 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,000
Paving: driveway & walks (paved)default
$8,700 new × 76% good × 1.51 allocation
- $9,600
Landscaping (typical)default
$8,400 new × 76% good × 1.51 allocation
- $2,000
Patiosdefault
$1,700 new × 76% good × 1.51 allocation
- $1,800
Decks & porches (attached)default
$1,700 new × 70% good × 1.51 allocation
- $6,400
Fencinglisting
$6,000 new × 70% good × 1.51 allocation
- $259,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$190,500 new × 90% good × 1.51 allocation
- $26,300
Building plumbing & fixturesdefault
$19,800 new × 88% good × 1.51 allocation
- $26,000
Building electrical & lightingdefault
$19,500 new × 88% good × 1.51 allocation
- $21,000
HVACdefault
$19,800 new × 70% good × 1.51 allocation
- $6,500
Hardwood & tile floorsdefault
$5,700 new × 76% good × 1.51 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $76,200 | $29,800 | $1,100 | $107,100 |
| 2 | $0 | $0 | $8,700 | $8,700 |
| 3 | $0 | $0 | $8,700 | $8,700 |
| 4 | $0 | $0 | $8,700 | $8,700 |
| 5 | $0 | $0 | $8,700 | $8,700 |
| 6+ | $0 | $0 | $303,100 | $303,100 |
| Total | $76,200 | $29,800 | $339,000 | $445,000 |
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 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.