5346 Feathers Ave
Redding, CA 96002
$659,900
4 bd · 3 ba · 2,306 sqft · Listed 18d ago
View on Realtor.com →Year built
2024
Sqft
2,306
Lot sqft
10,454
HOA / mo
$0
Furnished
No
List date
2026-09-11T23:33:20.000000Z
Revenue
Annual revenue
$73,464
ADR
$330
Occupancy
61%
Cleaning fees (12 mo)
$12,682
Confidence
Low (45.29), 9 comps
Comp revenue range (p25 / median / p75)
Redding retreat for Large Family / Entire house
House · 4 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $37,370ADR $227Occ ≈ 45%5★ (121)
GHouse@ Lilac | Redding (Airport) Her.Hauspitality
House · 3 bd · 2 ba · sleeps 6 · 0.4 mi
Revenue $17,439ADR $140Occ ≈ 34%5★ (2)
La Rinconada Place
Vacation home · 4 bd · 4 ba · sleeps 8 · 1.0 mi
Revenue $112,596ADR $509Occ ≈ 61%5★ (2)
Renovated Home - 3Bd/2Ba, Washer & Dryer
House · 3 bd · 2 ba · sleeps 6 · 1.4 mi
Revenue $51,907ADR $196Occ ≈ 73%5★ (178)
Sweet Escape. Cozy, central, fireplace & Netflix.
House · 3 bd · 2 ba · sleeps 8 · 2.0 mi
Revenue $46,864ADR $162Occ ≈ 79%4.8★ (394)
| 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) | 0.3 mi | Airbnb |
GHouse@ Lilac | Redding (Airport) Her.Hauspitality House | 3 bd · 2 ba · sleeps 6 | $17,439 | $140 | 34% | 5★ (2) | 0.4 mi | Airbnb |
La Rinconada Place Vacation home | 4 bd · 4 ba · sleeps 8 | $112,596 | $509 | 61% | 5★ (2) | 1.0 mi | Booking |
Pool | HT | Sauna | Gym | Central | Luxe Linens House | 4 bd · 3.5 ba · sleeps 8 | $108,207 | $500 | 59% | 5★ (49) | 1.1 mi | AirbnbVrbo |
Renovated Home - 3Bd/2Ba, Washer & Dryer House | 3 bd · 2 ba · sleeps 6 | $51,907 | $196 | 73% | 5★ (178) | 1.4 mi | Airbnb |
Evergreen Retreat | Spacious + family friendly House | 5 bd · 2.5 ba · sleeps 12 | $79,913 | $540 | 41% | 4.8★ (30) | 1.5 mi | AirbnbVrbo |
*Oasis Place* game room • heated pool • hot tub House | 5 bd · 3 ba · sleeps 12 | $128,642 | $592 | 60% | 4.9★ (256) | 2.0 mi | AirbnbVrbo |
Sweet Escape. Cozy, central, fireplace & Netflix. House | 3 bd · 2 ba · sleeps 8 | $46,864 | $162 | 79% | 4.8★ (394) | 2.0 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) | 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
$73,464
NOI
$37,575
Cash flow /mo
-$425
Cash needed
$214,371
Cash-on-cash
-2.4%
ROE (yr 1)
8.9%
Cap rate
5.7%
DSCR
0.88
Year-1 write-off
$162,035
Year-1 tax shield @ 32%
$51,851
Year-1 return on equity
- Cash flow (annual)-$5,097
- Principal paydown$4,318
- Appreciation at%$19,797
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$14,693
- Platform fees (3% of revenue)$2,204
- Maintenance / capex (5% of revenue)$3,673
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,249
- Insurance (STR-rated)$3,860
Cash needed to close
- Down payment (25%)$164,975
- Closing costs (4.0%)$26,396
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$51,851
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
$566,000
Short-life (5/15-yr)
$138,000 · 24%
Year-1 deduction
$162,000
Year-1 tax shield @ 32%
$52,000
Land 14% (county tax record, assessed value split) · building $428,000 over 39 years · new furniture $23,000
Based on: 2,306 sq ft, built 2024, 4 bd / 3 ba, unfurnished, listing features (covered patio, fireplace, stone counters, flooring types).
IRS-guide safe-harbor floor: $125,000 in year 1 (18% short-life, $40,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $13,500
Kitchen cabinetsdefault
$10,900 new × 92% good × 1.35 allocation
- $13,800
Kitchen countertops (stone)listing
$11,100 new × 92% good × 1.35 allocation
- $5,000
Decorative trimdefault
$4,000 new × 92% good × 1.35 allocation
- $500
Mirrorsdefault
$500 new × 83% good × 1.35 allocation
- $1,900
Shelvingdefault
$1,500 new × 92% good × 1.35 allocation
- $6,200
Window coverings (23)default
$5,800 new × 80% good × 1.35 allocation
- $16,700
Carpet, vinyl & laminate (100% of floors)listing
$14,800 new × 83% good × 1.35 allocation
- $10,900
Kitchen & laundry equipment plumbingdefault
$8,400 new × 96% good × 1.35 allocation
- $6,600
Kitchen, laundry & data equipment electricaldefault
$5,100 new × 96% good × 1.35 allocation
- $9,100
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 83% good × 1.35 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $15,400
Paving: driveway & walks (paved)default
$12,400 new × 92% good × 1.35 allocation
- $11,900
Landscaping (typical)default
$9,600 new × 92% good × 1.35 allocation
- $23,600
Covered patiolisting
$19,000 new × 92% good × 1.35 allocation
- $2,800
Decks & porches (attached)default
$2,300 new × 90% good × 1.35 allocation
- $325,500
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$250,000 new × 97% good × 1.35 allocation
- $33,600
Building plumbing & fixturesdefault
$26,000 new × 96% good × 1.35 allocation
- $34,300
Building electrical & lightingdefault
$26,500 new × 96% good × 1.35 allocation
- $31,500
HVACdefault
$26,000 new × 90% good × 1.35 allocation
- $3,300
Fireplacelisting
$2,600 new × 92% good × 1.35 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $107,000 | $53,600 | $1,400 | $162,000 |
| 2 | $0 | $0 | $11,000 | $11,000 |
| 3 | $0 | $0 | $11,000 | $11,000 |
| 4 | $0 | $0 | $11,000 | $11,000 |
| 5 | $0 | $0 | $11,000 | $11,000 |
| 6+ | $0 | $0 | $382,900 | $382,900 |
| Total | $107,000 | $53,600 | $428,100 | $588,800 |
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.