38692 N Shore Dr
Fawnskin, CA 92333
$795,000
3 bd · 1.5 ba · Listed 1d ago
View on Realtor.com →Year built
1950
Sqft
—
Lot sqft
7,140
HOA / mo
None
Furnished
Yes
List date
2026-10-06T22:44:10.000000Z
Revenue
Annual revenue
$43,579
ADR
$296
Occupancy
40%
Cleaning fees (12 mo)
$9,182
Confidence
Low (32.61), 15 comps
Comp revenue range (p25 / median / p75)
Few similar-size comps were found, so all comps are shown.
Median revenue of shown comps: $35,348
169 - Lakefront Deep Water - Big Bear Getaway
Vacation home · 4 bd · 2 ba · sleeps 10 · 0.3 mi
Revenue $58,407ADR $488Occ ≈ 33%—
Scenic and Serene Lake House! 4 bedroom 2 bath home bordering the national fores
House · 4 bd · 2 ba · sleeps 10 · 0.3 mi
Revenue $1,743ADR $249Occ ≈ 2%5★ (1)
Delisted
Scenic and Serene Lake House! 4 bedroom 2 bath home bordering the national fores
House · 4 bd · 2 ba · sleeps 10 · 0.3 mi
Revenue $4,451ADR $390Occ ≈ 3%—
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Lakefront + Private Dock + Beach • Hiking + Trails House
| 4 bd · 2.5 ba · sleeps 8 | $15,599 | $344 | 12% | 4.9★ (5) | 240 ft | AirbnbVrboBooking |
Lake Views + Huge Deck | Newly Remodeled Cabin | 3 bd · 2 ba · sleeps 8 | $34,083 | $547 | 17% | 5★ (1) | 390 ft | AirbnbBooking |
Living Lake Life at North Shore Chalet Big Bear Chalet | 4 bd · 2.5 ba · sleeps 8 | $59,932 | $561 | 29% | 4★ (17) | 515 ft | AirbnbBooking |
Lazy Lake: Million Dollar Views! House | 3 bd · 2 ba · sleeps 8 | $48,754 | $285 | 47% | 4.7★ (80) | 0.1 mi | AirbnbVrbo |
Tippie Canoe: Sauna & Spa! Deck! Master Suite! House | 3 bd · 2 ba · sleeps 6 | $35,348 | $301 | 32% | 3.8★ (11) | 0.1 mi | AirbnbVrbo |
Alpine Lake Cabin Cabin | 2 bd · 1 ba · sleeps 4 | $33,386 | $214 | 43% | 4.5★ (109) | 0.3 mi | AirbnbVrbo |
Alpine Lake Cabin Cabin | 2 bd · 1 ba · sleeps 4 | $27,550 | $163 | 46% | — | 0.3 mi | Airbnb |
169 - Lakefront Deep Water - Big Bear Getaway Vacation home | 4 bd · 2 ba · sleeps 10 | $58,407 | $488 | 33% | — | 0.3 mi | Booking |
Scenic and Serene Lake House! 4 bedroom 2 bath home bordering the national fores House | 4 bd · 2 ba · sleeps 10 | $1,743 | $249 | 2% | 5★ (1) | 0.3 mi | Delisted |
Scenic and Serene Lake House! 4 bedroom 2 bath home bordering the national fores House | 4 bd · 2 ba · sleeps 10 | $4,451 | $390 | 3% | — | 0.3 mi | Delisted |
Show 5 more
Firepit BBQ Game Room
House · 4 bd · 2 ba · sleeps 10 · 0.3 mi
Revenue $41,359ADR $486Occ ≈ 23%4.3★ (7)
Three Bear Cabin
Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.6 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +3
Revenue $39,159ADR $219Occ ≈ 49%5★ (122)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Lake Views | Hot Tub + Private Beach Access Cabin | 2 bd · 1 ba · sleeps 6 | $65,744 | $375 | 48% | 4.5★ (62) | 0.3 mi | AirbnbVrboBooking |
Firepit BBQ Game Room House | 4 bd · 2 ba · sleeps 10 | $41,359 | $486 | 23% | 4.3★ (7) | 0.3 mi | Airbnb |
Three Bear Cabin Cabin
| 2 bd · 1.5 ba · sleeps 4 | $39,159 | $219 | 49% | 5★ (122) | 0.6 mi | Airbnb |
Your own Boat Dock, Peekaboo Lake Views, 4 Bedroom House
| 4 bd · 2.5 ba · sleeps 12 | $22,904 | $645 | 10% | 4.8★ (38) | 0.7 mi | AirbnbVrbo |
SPECTACULAR LAKEFRONT - DOCK - GREAT PRICE! House | 3 bd · 2.5 ba · sleeps 10 | $108,788 | $519 | 57% | 5★ (285) | 0.7 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 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium
Est. revenue
$43,579
NOI
$14,377
Cash flow /mo
-$3,189
Cash needed
$230,550
Cash-on-cash
-16.6%
ROE (yr 1)
-4.1%
Cap rate
1.8%
DSCR
0.27
Year-1 write-off
$64,128
Year-1 tax shield @ 32%
$20,521
Year-1 return on equity
- Cash flow (annual)-$38,273
- Principal paydown$4,951
- Appreciation at%$23,850
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)$8,716
- Platform fees (3% of revenue)$1,307
- Maintenance / capex (5% of revenue)$2,179
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,938
- Insurance (STR-rated)$4,055
Cash needed to close
- Down payment (25%)$198,750
- Closing costs (4.0%)$31,800
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$20,521
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
$189,000
Short-life (5/15-yr)
$64,000 · 34%
Year-1 deduction
$64,000
Year-1 tax shield @ 32%
$21,000
Land 77% (county tax record, assessed value split) · building $125,000 over 39 years
Based on: ~1,900 sq ft (from beds), built 1950, 3 bd / 1.5 ba, furnished, listing features (deck, patio, fence, game room, fireplace, stone counters, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $41,000 in year 1 (22% short-life, $13,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $4,400
Kitchen cabinetsdefault
$10,000 new × 40% good × 1.12 allocation
- $4,500
Kitchen countertops (stone)listing
$10,200 new × 40% good × 1.12 allocation
- $1,500
Decorative trimdefault
$3,300 new × 40% good × 1.12 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.12 allocation
- $500
Shelvingdefault
$1,200 new × 40% good × 1.12 allocation
- $2,100
Window coverings (19)default
$4,800 new × 40% good × 1.12 allocation
- $2,700
Carpet, vinyl & laminate (50% of floors)listing
$6,100 new × 40% good × 1.12 allocation
- $3,500
Kitchen & laundry equipment plumbingdefault
$7,800 new × 40% good × 1.12 allocation
- $2,100
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 40% good × 1.12 allocation
- $2,400
Appliances (range, dishwasher, disposal, refrigerator)listing
$5,400 new × 40% good × 1.12 allocation
- $7,800
Furniture conveyed with the sale (used)listing
$19,500 new × 40% good · out of the price
- $2,400
Game-room equipment (used)listing
$6,000 new × 40% good · out of the price
- $5,000
Paving: driveway & walks (paved)default
$9,000 new × 50% good × 1.12 allocation
- $4,800
Landscaping (typical)default
$8,700 new × 50% good × 1.12 allocation
- $4,800
Patioslisting
$8,600 new × 50% good × 1.12 allocation
- $11,900
Decks & porches (attached)listing
$21,400 new × 50% good × 1.12 allocation
- $3,300
Fencinglisting
$6,000 new × 50% good × 1.12 allocation
- $92,000
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$206,300 new × 40% good × 1.12 allocation
- $9,500
Building plumbing & fixturesdefault
$21,400 new × 40% good × 1.12 allocation
- $9,500
Building electrical & lightingdefault
$21,400 new × 40% good × 1.12 allocation
- $9,500
HVACdefault
$21,400 new × 40% good × 1.12 allocation
- $2,700
Hardwood & tile floorsdefault
$6,100 new × 40% good × 1.12 allocation
- $1,200
Fireplacelisting
$2,600 new × 40% good × 1.12 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $34,100 | $29,900 | $100 | $64,100 |
| 2 | $0 | $0 | $3,200 | $3,200 |
| 3 | $0 | $0 | $3,200 | $3,200 |
| 4 | $0 | $0 | $3,200 | $3,200 |
| 5 | $0 | $0 | $3,200 | $3,200 |
| 6+ | $0 | $0 | $111,600 | $111,600 |
| Total | $34,100 | $29,900 | $124,500 | $188,500 |
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, 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.