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1127 Crags Ln

1127 Crags Ln

Fawnskin, CA 92333

$489,900

3 bd · 2 ba · 1,286 sqft · Listed 1d ago

View on Realtor.com →
Low confidence

Year built

1948

Sqft

1,286

Lot sqft

6,708

HOA / mo

$0

Furnished

No

List date

2026-10-01T21:36:15.000000Z

Revenue

Annual revenue

$31,053

ADR

$448

Occupancy

19%

Cleaning fees (12 mo)

$5,472

Confidence

Low (24.59), 22 comps

Comp revenue range (p25 / median / p75)

$16,423$26,045$48,465
  • Fawnskin Gem | Deck, Firepit & Backyard

    House · 3 bd · 2.5 ba · sleeps 8 · 400 ft

    Revenue $0ADR $0Occ ≈ ——

    Airbnb

  • Postcard Mountain Retreat: Scenic Views & Hot Tub!

    Cabin · 3 bd · 2 ba · sleeps 6 · 430 ft

    Revenue $48,465ADR $354Occ ≈ 38%5★ (30)

    AirbnbVrboBooking

  • Blue Dreams - Fawnskin Retreat in Big Bear

    Cabin · 3 bd · 1.5 ba · sleeps 7 · 518 ft

    Revenue $18,898ADR $658Occ ≈ 8%3.6★ (3)

    AirbnbVrboBooking

  • Blue Jay Cottage: Fawnskin!Guest Quarters!Vintage!

    House · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $7,089ADR $239Occ ≈ 8%4.4★ (62)

    AirbnbVrbo

  • Fawnskin Gem | Deck, Firepit & Backyard

    House · 3 bd · 2.5 ba · sleeps 8 · 0.1 mi

    Revenue $29,790ADR $382Occ ≈ 21%4.5★ (9)

    AirbnbVrboBooking

  • Sueños Azules- Fawnskin Retreat Cottage in Big Bear

    Vacation home · 3 bd · 2 ba · sleeps 7 · 0.1 mi

    Revenue $61,456ADR $850Occ ≈ 20%—

    Booking

  • Authentic Pet-Friendly Cabin Retreat Nestled Among the Pines

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $6,881ADR $3,154Occ ≈ 1%—

    Booking

  • Pleasant Pause Fawnskin- Lakeside Family Retreat

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $23,852ADR $634Occ ≈ 10%4.5★ (2)

    AirbnbVrboBooking

  • Pleasant Pause Family Retreat | Across from Lake | Fawnskin, Big Bear

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $12,887ADR $416Occ ≈ 8%—

    Booking

  • Pinglewood Cabin in Fawnskin-

    Cabin · 3 bd · 1 ba · sleeps 7 · 0.1 mi

    Revenue $17,759ADR $273Occ ≈ 18%4.8★ (18)

    AirbnbBooking

Show all 22 comps
  • Navigate Stays Cabin w Firepit & Mountain Views

    House · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $10,205ADR $270Occ ≈ 10%4.7★ (13)

    AirbnbBooking

  • Walk to Lake: Rustic Home w/ Deck in Fawnskin

    House · 3 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $17,247ADR $204Occ ≈ 23%4.4★ (90)

    AirbnbVrboBooking

  • NEW Hot Tub! VIEW-Walk to Marina. Close Slopes FC

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $16,423ADR $567Occ ≈ 8%4.6★ (57)

    AirbnbVrboBooking

  • Escape noise and reset serene Big Bear retreat

    House · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $611ADR $611Occ ≈ 0%5★ (1)

    Airbnb

  • The Fawnskin Hideaway+ Lake View + BBQ/Patio!

    House · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi

    Revenue $31,043ADR $266Occ ≈ 32%4.2★ (5)

    AirbnbVrboBooking

  • Lakeview mountain retreat

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $58,001ADR $998Occ ≈ 16%5★ (1)

    AirbnbVrboBooking

  • Vivienda De Osos Walk to the Lake Spacious Fawnskin Retreat Chalet

    Vacation home · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $52,122ADR $865Occ ≈ 17%—

    Booking

  • Fawnskin Modern | Lake Views, Deck, BBQ

    House · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $60,005ADR $520Occ ≈ 32%5★ (22)

    AirbnbVrboBooking

  • Lakefront Oasis

    Chalet · 3 bd · 3 ba · sleeps 6 · 0.4 mi

    Revenue $45,299ADR $474Occ ≈ 26%4.8★ (63)

    AirbnbVrboBooking

  • Idle Ours Cabin ~ Rustic and Cozy Cabin with Fireplace & Private BBQ - Walk to Big Bear Lake

    Vacation home · 3 bd · 1 ba · sleeps 6 · 0.4 mi

    Revenue $47,554ADR $481Occ ≈ 27%—

    Booking

  • Panoramic Lake Views, Hot Tub, Game Room, Fire Pit

    House · 3 bd · 2 ba · sleeps 10 · 0.5 mi

    Revenue $85,745ADR $544Occ ≈ 43%4.8★ (18)

    AirbnbVrboBooking

  • Fireplace + Game Room + Panoramic Lake Views

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $26,045ADR $460Occ ≈ 16%4.2★ (23)

    AirbnbVrboBooking

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

$31,053

NOI

$10,271

Cash flow /mo

$856

Cash needed

$528,996

Cash-on-cash (all cash)

1.9%

ROE (yr 1)

4.7%

Cap rate

2.1%

DSCR

—

Year-1 write-off

$145,228

Year-1 tax shield @ 32%

$46,473

Year-1 return on equity

  • Cash flow (annual)$10,271
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$14,697
ROE4.7%

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)$6,211
  • Platform fees (3% of revenue)$932
  • Maintenance / capex (5% of revenue)$1,553
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$6,124
  • Insurance (STR-rated)$2,498

Cash needed to close

  • Purchase price (all cash)$489,900
  • Closing costs (4.0%)$19,596
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$46,473

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

$392,000

Short-life (5/15-yr)

$125,000 · 32%

Year-1 deduction

$145,000

Year-1 tax shield @ 32%

$46,000

Land 20% (county tax record, assessed value split) · building $266,000 over 39 years · new furniture $20,000

Based on: 1,286 sq ft, built 1948, 3 bd / 2 ba, unfurnished, listing features (deck, patio, fence, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $93,000 in year 1 (19% short-life, $30,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$74,200
  • Kitchen cabinetsdefault

    $8,600 new × 40% good × 3.46 allocation

    $11,900
  • Kitchen countertopsdefault

    $7,100 new × 40% good × 3.46 allocation

    $9,800
  • Decorative trimdefault

    $2,300 new × 40% good × 3.46 allocation

    $3,100
  • Mirrorsdefault

    $300 new × 40% good × 3.46 allocation

    $400
  • Shelvingdefault

    $1,200 new × 40% good × 3.46 allocation

    $1,700
  • Window coverings (13)default

    $3,300 new × 40% good × 3.46 allocation

    $4,500
  • Kitchen & laundry equipment plumbingdefault

    $6,700 new × 40% good × 3.46 allocation

    $9,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 40% good × 3.46 allocation

    $5,600
  • Appliances (range, microwave, dishwasher, disposal, refrigerator)listing

    $6,100 new × 40% good × 3.46 allocation

    $8,400
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$70,700
  • Paving: driveway & walks (paved)listing

    $7,400 new × 50% good × 3.46 allocation

    $12,900
  • Landscaping (typical)default

    $7,200 new × 50% good × 3.46 allocation

    $12,400
  • Patioslisting

    $5,800 new × 50% good × 3.46 allocation

    $10,000
  • Decks & porches (attached)listing

    $14,500 new × 50% good × 3.46 allocation

    $25,000
  • Fencinglisting

    $6,000 new × 50% good × 3.46 allocation

    $10,400
Building, 39-year$266,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $139,000 new × 40% good × 3.46 allocation

    $192,500
  • Building plumbing & fixturesdefault

    $14,400 new × 40% good × 3.46 allocation

    $20,000
  • Building electrical & lightingdefault

    $13,600 new × 40% good × 3.46 allocation

    $18,800
  • HVACdefault

    $14,500 new × 40% good × 3.46 allocation

    $20,100
  • Hardwood & tile floorsdefault

    $8,300 new × 40% good × 3.46 allocation

    $11,500
  • Fireplacelisting

    $2,600 new × 40% good × 3.46 allocation

    $3,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$74,200$70,700$300$145,200
2$0$0$6,800$6,800
3$0$0$6,800$6,800
4$0$0$6,800$6,800
5$0$0$6,800$6,800
6+$0$0$238,800$238,800
Total$74,200$70,700$266,500$411,400

The building's share of the price ($392,000) is 3.5x our depreciated replacement cost of the home ($113,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

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

Big Bear Lake (city) and unincorporated county areas both allow permitted short-term rentals, and we found no numeric permit cap in either. Permits/licenses generally do NOT transfer on sale — a buyer must apply for their own, so confirm permit status with the city or San Bernardino County before closing. City: vacation rental license, up to 3 per owner. County: 1 permit per parcel under 2 acres, 2 max per owner. Lodging tax ~13% in the city, ~7% county. Rules change; verify before you buy.