5237 Monaco Pkwy
Redding, CA 96002
$459,900
4 bd · 2 ba · 1,823 sqft · Listed 26d ago
View on Realtor.com →Year built
2025
Sqft
1,823
Lot sqft
5,227
HOA / mo
$0
Furnished
No
List date
2026-09-03T20:51:06.000000Z
Revenue
Annual revenue
$74,948
ADR
$346
Occupancy
59%
Cleaning fees (12 mo)
$12,489
Confidence
Low (14.33), 5 comps
Comp revenue range (p25 / median / p75)
Redding retreat for Large Family / Entire house
House · 4 bd · 2 ba · sleeps 8 · 0.6 mi
Revenue $37,370ADR $227Occ ≈ 45%5★ (121)
House+ADU+Pool + RV/Boat Parking
House · 4 bd · 3 ba · sleeps 10 · 1.8 mi
Revenue $1,078ADR $433Occ ≈ 1%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding retreat for Large Family / Entire house House | 4 bd · 2 ba · sleeps 8 | $37,370 | $227 | 45% | 5★ (121) | 0.6 mi | Airbnb |
The W Resort Outdoor Kitchen Pool Hot Tub Oasis House | 4 bd · 2.5 ba · sleeps 10 | $140,115 | $610 | 63% | 4.8★ (37) | 1.7 mi | AirbnbVrbo |
Forest Hill Resort: Heated Pool +Billiards +Trails House | 4 bd · 2 ba · sleeps 12 | $101,430 | $515 | 54% | 4.9★ (144) | 1.7 mi | AirbnbVrbo |
House+ADU+Pool + RV/Boat Parking House | 4 bd · 3 ba · sleeps 10 | $1,078 | $433 | 1% | 5★ (1) | 1.8 mi | Airbnb |
Large 4 bedroom w/ play space, office, 3 king beds House | 4 bd · 3 ba · sleeps 10 | $43,431 | $243 | 49% | 5★ (39) | 2.1 mi | AirbnbVrbo |
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
$74,948
NOI
$42,013
Cash flow /mo
$1,023
Cash needed
$156,371
Cash-on-cash
7.8%
ROE (yr 1)
18.6%
Cap rate
9.1%
DSCR
1.41
Year-1 write-off
$109,939
Year-1 tax shield @ 32%
$35,181
Year-1 return on equity
- Cash flow (annual)$12,274
- Principal paydown$3,010
- Appreciation at%$13,797
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$14,990
- Platform fees (3% of revenue)$2,248
- Maintenance / capex (5% of revenue)$3,747
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,749
- Insurance (STR-rated)$2,690
Cash needed to close
- Down payment (25%)$114,975
- Closing costs (4.0%)$18,396
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$35,181
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
$372,000
Short-life (5/15-yr)
$86,000 · 23%
Year-1 deduction
$110,000
Year-1 tax shield @ 32%
$35,000
Land 19% (county tax record, assessed value split) · building $286,000 over 39 years · new furniture $23,000
Based on: 1,823 sq ft, built 2025, 4 bd / 2 ba, unfurnished, listing features (flooring types).
IRS-guide safe-harbor floor: $83,000 in year 1 (16% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,600
Kitchen cabinetsdefault
$9,800 new × 96% good × 1.13 allocation
- $8,700
Kitchen countertopsdefault
$8,000 new × 96% good × 1.13 allocation
- $3,500
Decorative trimdefault
$3,200 new × 96% good × 1.13 allocation
- $300
Mirrorsdefault
$300 new × 92% good × 1.13 allocation
- $1,600
Shelvingdefault
$1,500 new × 96% good × 1.13 allocation
- $4,600
Window coverings (18)default
$4,500 new × 90% good × 1.13 allocation
- $12,100
Carpet, vinyl & laminate (100% of floors)listing
$11,700 new × 92% good × 1.13 allocation
- $8,400
Kitchen & laundry equipment plumbingdefault
$7,600 new × 98% good × 1.13 allocation
- $5,100
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 98% good × 1.13 allocation
- $8,400
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 92% good × 1.13 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $9,600
Paving: driveway & walks (paved)default
$8,900 new × 96% good × 1.13 allocation
- $9,200
Landscaping (typical)default
$8,500 new × 96% good × 1.13 allocation
- $2,000
Patiosdefault
$1,800 new × 96% good × 1.13 allocation
- $1,900
Decks & porches (attached)default
$1,800 new × 95% good × 1.13 allocation
- $219,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$197,400 new × 98% good × 1.13 allocation
- $22,700
Building plumbing & fixturesdefault
$20,500 new × 98% good × 1.13 allocation
- $22,500
Building electrical & lightingdefault
$20,400 new × 98% good × 1.13 allocation
- $22,000
HVACdefault
$20,500 new × 95% good × 1.13 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $86,300 | $22,700 | $900 | $109,900 |
| 2 | $0 | $0 | $7,300 | $7,300 |
| 3 | $0 | $0 | $7,300 | $7,300 |
| 4 | $0 | $0 | $7,300 | $7,300 |
| 5 | $0 | $0 | $7,300 | $7,300 |
| 6+ | $0 | $0 | $256,100 | $256,100 |
| Total | $86,300 | $22,700 | $286,400 | $395,400 |
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.