2603 Crimson Ct
Redding, CA 96002
$511,800
4 bd · 2 ba · 1,800 sqft · Listed 1d ago
View on Realtor.com →Year built
2026
Sqft
1,800
Lot sqft
10,890
HOA / mo
$0
Furnished
No
List date
2026-10-23T23:41:31.000000Z
Revenue
Annual revenue
$70,426
ADR
$319
Occupancy
60%
Cleaning fees (12 mo)
$13,149
Confidence
Low (43.43), 6 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $71,665
Redding retreat for Large Family / Entire house
House · 4 bd · 2 ba · sleeps 8 · 0.6 mi
- A/C
- Wifi
- Kitchen
- Washer
- +1
Revenue $37,145ADR $227Occ ≈ 45%5★ (123)
GHouse@ Lilac | Redding (Airport) Her.Hauspitality
House · 3 bd · 2 ba · sleeps 6 · 0.7 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +1
Revenue $21,909ADR $142Occ ≈ 42%5★ (2)
La Rinconada Place
Vacation home · 4 bd · 4 ba · sleeps 8 · 1.3 mi
Revenue $122,455ADR $521Occ ≈ 64%5★ (3)
Renovated Home - 3Bd/2Ba, Washer & Dryer
House · 3 bd · 2 ba · sleeps 6 · 1.5 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $52,578ADR $197Occ ≈ 73%5★ (183)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Redding retreat for Large Family / Entire house House
| 4 bd · 2 ba · sleeps 8 | $37,145 | $227 | 45% | 5★ (123) | 0.6 mi | Airbnb |
GHouse@ Lilac | Redding (Airport) Her.Hauspitality House
| 3 bd · 2 ba · sleeps 6 | $21,909 | $142 | 42% | 5★ (2) | 0.7 mi | Airbnb |
La Rinconada Place Vacation home | 4 bd · 4 ba · sleeps 8 | $122,455 | $521 | 64% | 5★ (3) | 1.3 mi | Booking |
Pool | HT | Sauna | Gym | Central | Luxe Linens House
| 4 bd · 3.5 ba · sleeps 8 | $108,941 | $491 | 61% | 5★ (52) | 1.4 mi | AirbnbVrbo |
Renovated Home - 3Bd/2Ba, Washer & Dryer House
| 3 bd · 2 ba · sleeps 6 | $52,578 | $197 | 73% | 5★ (183) | 1.5 mi | Airbnb |
Evergreen Retreat | Spacious + family friendly House
| 5 bd · 2.5 ba · sleeps 12 | $90,751 | $552 | 45% | 4.8★ (34) | 1.6 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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$70,426
NOI
$37,883
Cash flow /mo
$322
Cash needed
$171,422
Cash-on-cash
2.3%
ROE (yr 1)
13.1%
Cap rate
7.4%
DSCR
1.11
Year-1 write-off
$123,880
Year-1 tax shield @ 32%
$39,642
Year-1 return on equity
- Cash flow (annual)$3,859
- Principal paydown$3,162
- Appreciation at%$15,354
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)$14,085
- Platform fees (3% of revenue)$2,113
- Maintenance / capex (5% of revenue)$3,521
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,398
- Insurance (STR-rated)$2,994
Cash needed to close
- Down payment (25%)$127,950
- Closing costs (4.0%)$20,472
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$39,642
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
$409,000
Short-life (5/15-yr)
$101,000 · 25%
Year-1 deduction
$124,000
Year-1 tax shield @ 32%
$40,000
Land 20% (market default, no usable tax-record split) · building $309,000 over 39 years · new furniture $23,000
Based on: 1,800 sq ft, built 2026, 4 bd / 2 ba, unfurnished, listing features (fireplace, stone counters, flooring types).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $92,000 in year 1 (17% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,700
Kitchen cabinetsdefault
$9,700 new × 100% good × 1.20 allocation
- $11,900
Kitchen countertops (stone)listing
$10,000 new × 100% good × 1.20 allocation
- $3,800
Decorative trimdefault
$3,200 new × 100% good × 1.20 allocation
- $400
Mirrorsdefault
$300 new × 100% good × 1.20 allocation
- $1,800
Shelvingdefault
$1,500 new × 100% good × 1.20 allocation
- $5,400
Window coverings (18)default
$4,500 new × 100% good × 1.20 allocation
- $13,900
Carpet, vinyl & laminate (100% of floors)listing
$11,600 new × 100% good × 1.20 allocation
- $9,100
Kitchen & laundry equipment plumbingdefault
$7,600 new × 100% good × 1.20 allocation
- $5,500
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 100% good × 1.20 allocation
- $9,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 100% good × 1.20 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $13,200
Paving: driveway & walks (paved)default
$11,000 new × 100% good × 1.20 allocation
- $10,100
Landscaping (typical)default
$8,500 new × 100% good × 1.20 allocation
- $2,100
Patiosdefault
$1,800 new × 100% good × 1.20 allocation
- $2,100
Decks & porches (attached)default
$1,800 new × 100% good × 1.20 allocation
- $233,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$194,900 new × 100% good × 1.20 allocation
- $24,200
Building plumbing & fixturesdefault
$20,200 new × 100% good × 1.20 allocation
- $24,000
Building electrical & lightingdefault
$20,100 new × 100% good × 1.20 allocation
- $24,300
HVACdefault
$20,300 new × 100% good × 1.20 allocation
- $3,200
Fireplacelisting
$2,600 new × 100% good × 1.20 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $96,000 | $27,500 | $300 | $123,900 |
| 2 | $0 | $0 | $7,900 | $7,900 |
| 3 | $0 | $0 | $7,900 | $7,900 |
| 4 | $0 | $0 | $7,900 | $7,900 |
| 5 | $0 | $0 | $7,900 | $7,900 |
| 6+ | $0 | $0 | $276,900 | $276,900 |
| Total | $96,000 | $27,500 | $308,900 | $432,400 |
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, 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.