723 Summit Unit 1
Big Bear Lake, CA 92315
$425,000
2 bd · 2 ba · Listed 26d ago
View on Realtor.com →Year built
1986
Sqft
—
Lot sqft
—
HOA / mo
$100
Furnished
Yes
List date
2026-09-03T18:42:00.000000Z
Revenue
Annual revenue
$19,520
ADR
$240
Occupancy
22%
Cleaning fees (12 mo)
$3,650
Confidence
Low (34.25), 49 comps
Comp revenue range (p25 / median / p75)
Summit Condo - Luxury condo, walk to the slopes!
Vacation home · 2 bd · 2 ba · sleeps 4 · 26 ft
Revenue $24,535ADR $324Occ ≈ 21%4.5★ (2)
Lake Close | Vintage Cabin Fireplace, Views, Pets
Cabin · 2 bd · 1.5 ba · sleeps 7 · 161 ft
Revenue $9,376ADR $143Occ ≈ 18%4.7★ (9)
Summit House | Hot Tub + Walk to Snow Summit
Townhouse · 2 bd · 2 ba · sleeps 5 · 174 ft
Revenue $52,588ADR $211Occ ≈ 68%4.9★ (363)
★Summit House ★Hot tub ★ Walk to Snow Summit★ Dog🐶
Townhouse · 2 bd · 2 ba · sleeps 5 · 200 ft
Revenue $64,720ADR $217Occ ≈ 82%4.9★ (380)
Cozy + Hot Tub +Walk to Snow Summit + Pet Friendly
Apartment · 2 bd · 1 ba · sleeps 6 · 220 ft
Revenue $41,548ADR $239Occ ≈ 48%4.9★ (211)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Escape to Summit; Bike & Hike; Cozy pet friendly Townhouse | 2 bd · 2 ba · sleeps 6 | $16,487 | $467 | 10% | 5★ (23) | 10 ft | AirbnbVrbo |
*Ted E. Bear Lair*Ski/Bike Park Resort Lift Chalet Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $2,686 | $671 | 1% | 4.5★ (7) | 13 ft | AirbnbVrboBooking |
Summit Condo - Luxury condo, walk to the slopes! Vacation home | 2 bd · 2 ba · sleeps 4 | $24,535 | $324 | 21% | 4.5★ (2) | 26 ft | Booking |
Lake Close | Vintage Cabin Fireplace, Views, Pets Cabin | 2 bd · 1.5 ba · sleeps 7 | $9,376 | $143 | 18% | 4.7★ (9) | 161 ft | Airbnb |
Summit House | Hot Tub + Walk to Snow Summit Townhouse | 2 bd · 2 ba · sleeps 5 | $52,588 | $211 | 68% | 4.9★ (363) | 174 ft | Airbnb |
★Summit House ★Hot tub ★ Walk to Snow Summit★ Dog🐶 Townhouse | 2 bd · 2 ba · sleeps 5 | $64,720 | $217 | 82% | 4.9★ (380) | 200 ft | Airbnb |
Cozy + Hot Tub +Walk to Snow Summit + Pet Friendly Apartment | 2 bd · 1 ba · sleeps 6 | $41,548 | $239 | 48% | 4.9★ (211) | 220 ft | Airbnb |
Mountain Getaway! Condo Near Snow Summit Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $19,522 | $290 | 18% | 4.6★ (10) | 256 ft | AirbnbVrbo |
Bigfoot Lodge at the Base of Snow Summit Cabin | 2 bd · 2 ba · sleeps 5 | $9,120 | $147 | 17% | 4.9★ (127) | 266 ft | AirbnbVrbo |
Jackalope Lodge at the Base of Snow Summit Cabin | 2 bd · 2 ba · sleeps 5 | $12,113 | $260 | 13% | 5★ (119) | 266 ft | AirbnbVrbo |
Show all 49 comps
Snow Summits Bear Den
Cabin · 2 bd · 1 ba · sleeps 6 · 276 ft
Revenue $20,009ADR $336Occ ≈ 16%4.9★ (32)
Snow Summit Base Escape – Stylish & Fun
Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi
Revenue $11,663ADR $331Occ ≈ 10%5★ (56)
Steps Away from Mountain Biking and the Village
House · 2 bd · 1.5 ba · sleeps 5 · 0.1 mi
Revenue $29,832ADR $225Occ ≈ 36%5★ (34)
Moonridge R n R- Cozy Single Level Central Chalet Home
Chalet · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $16,111ADR $334Occ ≈ 13%2.5★ (4)
Oso Rentals House-Snow Summit
Townhouse · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $2,303ADR $226Occ ≈ 3%5★ (1)
Borik Cabin - Walk to Snow Summit Resort!
House · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $8,276ADR $236Occ ≈ 10%5★ (30)
Ski Haus - Steps to the Bike Park at Snow Summit
Apartment · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $24,998ADR $245Occ ≈ 28%5★ (30)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Snow Summits Bear Den Cabin | 2 bd · 1 ba · sleeps 6 | $20,009 | $336 | 16% | 4.9★ (32) | 276 ft | Airbnb |
Cozy Cabin | Walk to Snow Summit + Pet Friendly Apartment | 2 bd · 1 ba · sleeps 6 | $45,374 | $221 | 56% | 4.9★ (374) | 377 ft | AirbnbVrbo |
Snowy Pines | Walk to Snow Summit · Fireplace Apartment | 2 bd · 1.5 ba · sleeps 5 | $14,606 | $284 | 14% | 4.5★ (32) | 407 ft | AirbnbVrboBooking |
Summit Nest A| Next to Slopes, Trails, Dogs Ok Cabin | 2 bd · 1.5 ba · sleeps 5 | $31,479 | $176 | 49% | 4.1★ (26) | 472 ft | AirbnbVrboBooking |
Mountain Bike & Hiking Paradise l Lake, Village Cabin | 2 bd · 1.5 ba · sleeps 7 | $26,924 | $160 | 46% | 4.8★ (924) | 479 ft | AirbnbVrbo |
Kuma Lodge, 1 Night Free! Condominium (condo) | 2 bd · 1.5 ba · sleeps 7 | $12,758 | $264 | 13% | 4.8★ (105) | 522 ft | AirbnbVrbo |
Slopeside Cabin D - Walk to Slopes | Free Parking Apartment | 2 bd · 1 ba · sleeps 4 | $24,196 | $204 | 32% | 4.6★ (80) | 0.1 mi | AirbnbVrboBooking |
Walk to Snow Summit! Cabin Near Chairlift/Shuttle Cabin | 2 bd · 2 ba · sleeps 6 | $36,385 | $289 | 34% | 4.8★ (89) | 0.1 mi | AirbnbVrboBooking |
Summit Mountain Cabin - Walk to Snow Summit, AC Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $3,493 | $436 | 2% | — | 0.1 mi | AirbnbVrboBooking |
clean. cabin close to Snow summit and the village Cabin | 2 bd · 1 ba · sleeps 5 | $18,501 | $243 | 21% | 5★ (17) | 0.1 mi | AirbnbVrbo |
Slopeside Cabin A - Walk to Lifts | Parking Apartment | 2 bd · 1 ba · sleeps 4 | $24,607 | $223 | 30% | 4.8★ (112) | 0.1 mi | AirbnbVrboBooking |
Snow Summit Upper Unit Getaway Cabin | 2 bd · 1 ba · sleeps 6 | $8,808 | $244 | 10% | 5★ (111) | 0.1 mi | AirbnbVrbo |
Escape For All Seasons Unit 26 Condominium (condo) | 2 bd · 2 ba · sleeps 5 | $18,767 | $273 | 19% | 4.8★ (27) | 0.1 mi | AirbnbVrboBooking |
Cozy condo at the base of Snow Summit Apartment | 2 bd · 2 ba · sleeps 6 | $25,332 | $274 | 25% | 5★ (6) | 0.1 mi | AirbnbVrbo |
Lake Escape | Fireplace, BBQ, Views, Pets OK! Cabin | 2 bd · 1.5 ba · sleeps 7 | $34,865 | $150 | 64% | 4.7★ (197) | 0.1 mi | AirbnbVrbo |
Summit Getaway • Walk to Snow Summit Townhouse | 2 bd · 2 ba · sleeps 6 | $22,539 | $217 | 28% | 4.9★ (5) | 0.1 mi | AirbnbVrbo |
Snow Summit Base Escape – Stylish & Fun Cabin | 2 bd · 2 ba · sleeps 5 | $11,663 | $331 | 10% | 5★ (56) | 0.1 mi | Airbnb |
Steps to Snow Summit.Fireplace. Fenced yard.BBQ House | 2 bd · 1 ba · sleeps 6 | $35,698 | $289 | 34% | 4.9★ (445) | 0.1 mi | AirbnbVrbo |
Steps Away from Mountain Biking and the Village House | 2 bd · 1.5 ba · sleeps 5 | $29,832 | $225 | 36% | 5★ (34) | 0.1 mi | Airbnb |
Escape For All Seasons Unit 30 Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $9,448 | $258 | 10% | 3.9★ (9) | 0.1 mi | AirbnbVrboBooking |
Summit Lookout ~ Unobstructed Deck with Slope View Cabin | 2 bd · 1.5 ba · sleeps 5 | $31,482 | $257 | 34% | 5★ (72) | 0.1 mi | AirbnbVrboBooking |
Relaxing Lake Paradise I Walk to Summit-Mtn views Cabin | 2 bd · 1.5 ba · sleeps 5 | $29,247 | $177 | 45% | 4.8★ (450) | 0.1 mi | AirbnbVrbo |
Escape For All Seasons Unit 60 Condominium (condo) | 2 bd · 2 ba · sleeps 5 | $9,412 | $247 | 10% | 4.6★ (13) | 0.1 mi | AirbnbVrboBooking |
Steps Away from Snow Summit Ski Resort Condominium (condo) | 2 bd · 1.5 ba · sleeps 5 | $3,423 | $341 | 3% | 5★ (2) | 0.1 mi | AirbnbVrbo |
Bear Crest W/Spa Near Snow Summit Cabin | 2 bd · 2 ba · sleeps 5 | $3,827 | $253 | 4% | 5★ (3) | 0.1 mi | AirbnbVrboBooking |
Walk to Slopes, Cable TV, Deck, BBQ, Views Condominium (condo) | 2 bd · 1.5 ba · sleeps 7 | $10,688 | $279 | 10% | 4.7★ (9) | 0.1 mi | AirbnbVrbo |
Moonridge R n R- Cozy Single Level Central Chalet Home Chalet | 2 bd · 1 ba · sleeps 4 | $16,111 | $334 | 13% | 2.5★ (4) | 0.2 mi | Booking |
Escape For All Seasons Unit 21 Condominium (condo) | 2 bd · 2 ba · sleeps 5 | $10,608 | $254 | 11% | 4.7★ (21) | 0.2 mi | AirbnbVrbo |
Walk To Snow Summit! Snow Boarders/Skiers Dream! Condominium (condo) | 2 bd · 1.5 ba · sleeps 5 | $12,080 | $272 | 12% | 2.9★ (13) | 0.2 mi | AirbnbVrboBooking |
Oso Rentals House-Snow Summit Townhouse | 2 bd · 2 ba · sleeps 5 | $2,303 | $226 | 3% | 5★ (1) | 0.2 mi | Airbnb |
Steps to Snow Summit.Updated. Cozy Fireplace. BBQ. Cabin | 2 bd · 2 ba · sleeps 6 | $42,428 | $344 | 34% | 5★ (108) | 0.2 mi | AirbnbVrbo |
Hot Tub + Fireplace + Walk to Snow Summit Condominium (condo) | 2 bd · 1.5 ba · sleeps 6 | $18,828 | $312 | 17% | 4★ (22) | 0.2 mi | AirbnbVrboBooking |
Escape For All Seasons Unit 16 Condominium (condo) | 2 bd · 2 ba · sleeps 5 | $11,827 | $285 | 11% | 4.8★ (22) | 0.2 mi | AirbnbVrboBooking |
Snow Summit Lower Unit Getaway Cabin | 2 bd · 1 ba · sleeps 6 | $9,513 | $237 | 11% | 5★ (155) | 0.2 mi | AirbnbVrbo |
Borik Cabin - Walk to Snow Summit Resort! House | 2 bd · 2 ba · sleeps 5 | $8,276 | $236 | 10% | 5★ (30) | 0.2 mi | Airbnb |
Summit Adventure Condo: Near Snow Summit Resort! House | 2 bd · 2 ba · sleeps 7 | $20,082 | $182 | 30% | 4.8★ (59) | 0.2 mi | AirbnbVrbo |
Walk To Snow Summit! Snow Boarders/Skiers Dream! Condominium (condo) | 2 bd · 2 ba · sleeps 5 | $19,077 | $367 | 14% | 4.9★ (16) | 0.2 mi | AirbnbVrboBooking |
Ascent at Snow Summit *Walk to the Slopes* Condominium (condo) | 2 bd · 2 ba · sleeps 6 | $17,499 | $225 | 21% | 5★ (60) | 0.2 mi | AirbnbVrbo |
Ski Haus - Steps to the Bike Park at Snow Summit Apartment | 2 bd · 2 ba · sleeps 5 | $24,998 | $245 | 28% | 5★ (30) | 0.2 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
$19,520
NOI
$1,812
Cash flow /mo
-$2,139
Cash needed
$123,250
Cash-on-cash
-20.8%
ROE (yr 1)
-8.2%
Cap rate
0.4%
DSCR
0.07
Year-1 write-off
$73,809
Year-1 tax shield @ 32%
$23,619
Year-1 return on equity
- Cash flow (annual)-$25,670
- Principal paydown$2,781
- Appreciation at%$12,750
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$3,904
- Platform fees (3% of revenue)$586
- Maintenance / capex (5% of revenue)$976
- Utilities & supplies$4,200
- HOA$1,200
- Property tax$5,313
- Insurance (STR-rated)$2,168
Cash needed to close
- Down payment (25%)$106,250
- Closing costs (4.0%)$17,000
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$23,619
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
$340,000
Short-life (5/15-yr)
$73,000 · 21%
Year-1 deduction
$74,000
Year-1 tax shield @ 32%
$24,000
Land 20% (county tax record, assessed value split) · building $267,000 over 39 years
Based on: ~1,400 sq ft (from beds), built 1986, 2 bd / 2 ba, furnished, listing features (deck, fireplace, flooring types, appliance list).
IRS-guide safe-harbor floor: $48,000 in year 1 (14% short-life, $15,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,800
Kitchen cabinetsdefault
$8,900 new × 40% good × 3.32 allocation
- $9,600
Kitchen countertopsdefault
$7,300 new × 40% good × 3.32 allocation
- $3,300
Decorative trimdefault
$2,500 new × 40% good × 3.32 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.32 allocation
- $1,200
Shelvingdefault
$900 new × 40% good × 3.32 allocation
- $4,700
Window coverings (14)default
$3,500 new × 40% good × 3.32 allocation
- $12,000
Carpet, vinyl & laminate (100% of floors)listing
$9,000 new × 40% good × 3.32 allocation
- $9,200
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 3.32 allocation
- $5,500
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 3.32 allocation
- $8,900
Appliances (range, microwave, dishwasher, refrigerator, dryer)listing
$6,700 new × 40% good × 3.32 allocation
- $6,400
Furniture conveyed with the sale (used)listing
$16,000 new × 40% good · out of the price
- $201,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,800 new × 40% good × 3.32 allocation
- $20,900
Building plumbing & fixturesdefault
$15,700 new × 40% good × 3.32 allocation
- $20,000
Building electrical & lightingdefault
$15,000 new × 40% good × 3.32 allocation
- $21,000
HVACdefault
$15,800 new × 40% good × 3.32 allocation
- $3,500
Fireplacelisting
$2,600 new × 40% good × 3.32 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $73,000 | $0 | $900 | $73,800 |
| 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 | $238,900 | $238,900 |
| Total | $73,000 | $0 | $267,100 | $340,100 |
The building's share of the price ($334,000) is 3.3x our depreciated replacement cost of the home ($100,000). 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 and Georgia 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.