1268 Oregon St
Redding, CA 96001
$699,000
4 bd · 3.5 ba · 2,847 sqft · Listed 9d ago
View on Realtor.com →Year built
2023
Sqft
2,847
Lot sqft
6,534
HOA / mo
$0
Furnished
No
List date
2026-09-20T01:27:02.000000Z
Revenue
Annual revenue
$21,382
ADR
$87
Occupancy
67%
Cleaning fees (12 mo)
$2,030
Confidence
Low (12.74), 11 comps
Comp revenue range (p25 / median / p75)
HerHouse @Diestelhorst |Downtown Redding
Bungalow · 3 bd · 1.5 ba · sleeps 5 · 0.3 mi
Revenue $35,591ADR $162Occ ≈ 60%5★ (95)
Light Filled Home with Beautiful Garden
House · 5 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $4,276ADR $143Occ ≈ 8%4.5★ (4)
Downtown Getaway - beautiful historic craftsman
House · 3 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $46,790ADR $172Occ ≈ 75%5★ (145)
Charming Vintage Home with Character and a View
House · 4 bd · 2 ba · sleeps 9 · 0.5 mi
Revenue $4,110ADR $155Occ ≈ 7%4.7★ (23)
Updated-3 bd with garage - 30+ Day Rental
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $16,381ADR $94Occ ≈ 48%5★ (2)
Modern 3BR Extended Stay Retreat – 30+ Day
House · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $5,302ADR $96Occ ≈ 15%4.8★ (29)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
HerHouse @Diestelhorst |Downtown Redding Bungalow | 3 bd · 1.5 ba · sleeps 5 | $35,591 | $162 | 60% | 5★ (95) | 0.3 mi | Airbnb |
Light Filled Home with Beautiful Garden House | 5 bd · 2 ba · sleeps 7 | $4,276 | $143 | 8% | 4.5★ (4) | 0.4 mi | Airbnb |
Downtown Getaway - beautiful historic craftsman House | 3 bd · 2 ba · sleeps 7 | $46,790 | $172 | 75% | 5★ (145) | 0.4 mi | Airbnb |
Westside ^Cottage^ House | 3 bd · 2 ba · sleeps 6 | $32,594 | $111 | 80% | 4.9★ (111) | 0.4 mi | AirbnbVrbo |
Charming Vintage Home with Character and a View House | 4 bd · 2 ba · sleeps 9 | $4,110 | $155 | 7% | 4.7★ (23) | 0.5 mi | Airbnb |
Updated-3 bd with garage - 30+ Day Rental House | 3 bd · 2 ba · sleeps 6 | $16,381 | $94 | 48% | 5★ (2) | 0.6 mi | Airbnb |
Downtown Charmer House | 4 bd · 2 ba · sleeps 4 | $2,518 | $119 | 6% | 4★ (1) | 0.6 mi | AirbnbVrbo |
Modern 3BR Extended Stay Retreat – 30+ Day House | 3 bd · 2 ba · sleeps 6 | $5,302 | $96 | 15% | 4.8★ (29) | 0.6 mi | Airbnb |
Charming and Spacious Renovated 1940’s Home House | 4 bd · 2 ba · sleeps 8 | $1,209 | $0 | — | 5★ (41) | 0.6 mi | AirbnbVrbo |
Aloha House House | 3 bd · 2 ba · sleeps 6 | $34,666 | $156 | 61% | 4.8★ (166) | 0.7 mi | Airbnb |
Show all 11 comps
Exquisite home w/ pool, large vintage bar & garage
House · 3 bd · 2.5 ba · sleeps 6 · 0.7 mi
Revenue $41,622ADR $342Occ ≈ 33%4.8★ (80)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Exquisite home w/ pool, large vintage bar & garage House | 3 bd · 2.5 ba · sleeps 6 | $41,622 | $342 | 33% | 4.8★ (80) | 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
$21,382
NOI
-$583
Cash flow /mo
-$3,815
Cash needed
$225,710
Cash-on-cash
-20.3%
ROE (yr 1)
-9.0%
Cap rate
-0.1%
DSCR
-0.01
Year-1 write-off
$95,526
Year-1 tax shield @ 32%
$30,568
Year-1 return on equity
- Cash flow (annual)-$45,783
- Principal paydown$4,574
- Appreciation at%$20,970
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,276
- Platform fees (3% of revenue)$641
- Maintenance / capex (5% of revenue)$1,069
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,738
- Insurance (STR-rated)$4,089
Cash needed to close
- Down payment (25%)$174,750
- Closing costs (4.0%)$27,960
- Furnishing (bought new)$23,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$30,568
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
$570,000
Short-life (5/15-yr)
$71,000 · 12%
Year-1 deduction
$96,000
Year-1 tax shield @ 32%
$31,000
Land 18% (county tax record, assessed value split) · building $500,000 over 39 years · new furniture $23,000
Based on: 2,847 sq ft, built 2023, 4 bd / 3.5 ba, unfurnished, listing features (deck, covered patio, stone counters, flooring types).
IRS-guide safe-harbor floor: $61,000 in year 1 (6% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $13,400
Kitchen cabinetsdefault
$12,000 new × 88% good × 1.27 allocation
- $13,700
Kitchen countertops (stone)listing
$12,300 new × 88% good × 1.27 allocation
- $5,600
Decorative trimdefault
$5,000 new × 88% good × 1.27 allocation
- $400
Mirrorsdefault
$500 new × 75% good × 1.27 allocation
- $1,700
Shelvingdefault
$1,500 new × 88% good × 1.27 allocation
- $6,200
Window coverings (28)default
$7,000 new × 70% good × 1.27 allocation
- $4,300
Carpet, vinyl & laminate (25% of floors)listing
$4,600 new × 75% good × 1.27 allocation
- $11,100
Kitchen & laundry equipment plumbingdefault
$9,400 new × 94% good × 1.27 allocation
- $6,700
Kitchen, laundry & data equipment electricaldefault
$5,700 new × 94% good × 1.27 allocation
- $7,700
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 75% good × 1.27 allocation
- $23,000
Furniture bought newlisting
$23,000 new × 100% good · bought separately
- $371,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$309,100 new × 95% good × 1.27 allocation
- $38,200
Building plumbing & fixturesdefault
$32,100 new × 94% good × 1.27 allocation
- $39,700
Building electrical & lightingdefault
$33,400 new × 94% good × 1.27 allocation
- $34,500
HVACdefault
$32,100 new × 85% good × 1.27 allocation
- $15,300
Hardwood & tile floorsdefault
$13,700 new × 88% good × 1.27 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $93,900 | $0 | $1,600 | $95,500 |
| 2 | $0 | $0 | $12,800 | $12,800 |
| 3 | $0 | $0 | $12,800 | $12,800 |
| 4 | $0 | $0 | $12,800 | $12,800 |
| 5 | $0 | $0 | $12,800 | $12,800 |
| 6+ | $0 | $0 | $446,700 | $446,700 |
| Total | $93,900 | $0 | $499,600 | $593,500 |
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.