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4741 Lower Springs Rd

4741 Lower Springs Rd

Redding, CA 96001

$594,990

4 bd · 3 ba · 2,538 sqft · Listed 1d ago

View on Realtor.com →
Est. land %

Year built

—

Sqft

2,538

Lot sqft

—

HOA / mo

None

Furnished

No

List date

2026-10-13T00:05:52.000000Z

Revenue

Annual revenue

$78,576

ADR

$397

Occupancy

54%

Cleaning fees (12 mo)

$13,803

Confidence

Med (57.25), 9 comps

Comp revenue range (p25 / median / p75)

$59,463$70,125$84,799

Median revenue of shown comps: $65,902

  • Epic Views| Lux Pool | Sauna | Firepit| Boats & EV

    House · 4 bd · 2.5 ba · sleeps 12 · 420 ft

    • Pool
    • A/C
    • Wifi
    • Kitchen
    • +5

    Revenue $31,726ADR $694Occ ≈ 13%5★ (8)

    Airbnb

  • Epic Views | Luxe Pool | Sauna | Firepit | EV charging | 1-Level Home | Boats OK

    House · 4 bd · 2.5 ba · sleeps 12 · 436 ft

    • Pool
    • A/C
    • Free parking
    • Wifi
    • +5

    Revenue $13,825ADR $644Occ ≈ 6%5★ (1)

    Vrbo

  • FAMILY FUN GETAWAY !! 🎱🏓RecRoom⚽️🕹 BBQ♨️FirePit

    House · 4 bd · 3 ba · sleeps 10 · 1.2 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +4

    Revenue $59,463ADR $336Occ ≈ 48%4.8★ (202)

    AirbnbVrbo

  • Darby Hollow

    House · 4 bd · 3.5 ba · sleeps 10 · 1.4 mi

    • Pool
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $65,902ADR $265Occ ≈ 68%4.9★ (170)

    AirbnbVrbo

  • The Stratford | Pool/Hot Tub + Arcade + Airhockey!

    House · 4 bd · 3 ba · sleeps 11 · 1.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $73,752ADR $475Occ ≈ 43%4.8★ (91)

    AirbnbVrbo

  • Cozy 4bd House with Hot tub and Pool, Quiet Area

    House · 4 bd · 3 ba · sleeps 9 · 1.7 mi

    Revenue $70,125ADR $344Occ ≈ 56%4.9★ (102)

    AirbnbVrbo

  • The Bostonian▪︎Pool💦Hot Tub🌀 Arcade🎮Billiards🎱

    Vacation home · 4 bd · 2 ba · sleeps 9 · 1.7 mi

    • Hot tub
    • Pool
    • A/C
    • Free parking
    • +5

    Revenue $84,799ADR $549Occ ≈ 42%5★ (115)

    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

Financing
Management

Est. revenue

$78,576

NOI

$42,349

Cash flow /mo

$3,529

Cash needed

$641,790

Cash-on-cash (all cash)

6.6%

ROE (yr 1)

9.4%

Cap rate

7.1%

DSCR

—

Year-1 write-off

$122,104

Year-1 tax shield @ 32%

$39,073

Year-1 return on equity

  • Cash flow (annual)$42,349
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$17,850
ROE9.4%

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)$15,715
  • Platform fees (3% of revenue)$2,357
  • Maintenance / capex (5% of revenue)$3,929
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$7,437
  • Insurance (STR-rated)$3,481

Cash needed to close

  • Purchase price (all cash)$594,990
  • Closing costs (4.0%)$23,800
  • Furnishing (bought new)$23,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$39,073

No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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

$476,000

Short-life (5/15-yr)

$99,000 · 21%

Year-1 deduction

$122,000

Year-1 tax shield @ 32%

$39,000

Land 20% (market default, no usable tax-record split) · building $377,000 over 39 years · new furniture $23,000

Based on: 2,538 sq ft, age unknown, 4 bd / 3 ba, unfurnished, listing features (none cost-relevant).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $92,000 in year 1 (14% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$86,000

  • Kitchen cabinetsdefault

    $11,400 new × 40% good × 2.54 allocation

    $11,500

  • Kitchen countertopsdefault

    $9,300 new × 40% good × 2.54 allocation

    $9,400

  • Decorative trimdefault

    $4,400 new × 40% good × 2.54 allocation

    $4,500

  • Mirrorsdefault

    $500 new × 40% good × 2.54 allocation

    $500

  • Shelvingdefault

    $1,500 new × 40% good × 2.54 allocation

    $1,500

  • Window coverings (25)default

    $6,300 new × 40% good × 2.54 allocation

    $6,300

  • Carpet, vinyl & laminate (40% of floors)default

    $6,500 new × 40% good × 2.54 allocation

    $6,600

  • Kitchen & laundry equipment plumbingdefault

    $8,800 new × 40% good × 2.54 allocation

    $9,000

  • Kitchen, laundry & data equipment electricaldefault

    $5,300 new × 40% good × 2.54 allocation

    $5,400

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.54 allocation

    $8,200

  • Furniture bought newlisting

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

    $23,000
15-year land improvements$35,700

  • Paving: driveway & walks (paved)default

    $13,100 new × 50% good × 2.54 allocation

    $16,600

  • Landscaping (typical)default

    $10,000 new × 50% good × 2.54 allocation

    $12,700

  • Patiosdefault

    $2,500 new × 50% good × 2.54 allocation

    $3,200

  • Decks & porches (attached)default

    $2,500 new × 50% good × 2.54 allocation

    $3,200
Building, 39-year$377,300

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

    $275,400 new × 40% good × 2.54 allocation

    $279,400

  • Building plumbing & fixturesdefault

    $28,600 new × 40% good × 2.54 allocation

    $29,000

  • Building electrical & lightingdefault

    $29,400 new × 40% good × 2.54 allocation

    $29,900

  • HVACdefault

    $28,600 new × 40% good × 2.54 allocation

    $29,000

  • Hardwood & tile floorsdefault

    $9,800 new × 40% good × 2.54 allocation

    $9,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$86,000$35,700$400$122,100
2$0$0$9,700$9,700
3$0$0$9,700$9,700
4$0$0$9,700$9,700
5$0$0$9,700$9,700
6+$0$0$338,200$338,200
Total$86,000$35,700$377,300$499,000

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.