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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

39207 Robin Rd

39207 Robin Rd

Big Bear Lake, CA 92315

$519,000

2 bd · 2 ba · 905 sqft · Listed today

View on Realtor.com →
Negative cash flow

Year built

1971

Sqft

905

Lot sqft

8,342

HOA / mo

$0

Furnished

No

List date

2026-10-03T00:34:22.000000Z

Revenue

Annual revenue

$22,821

ADR

$186

Occupancy

34%

Cleaning fees (12 mo)

$5,057

Confidence

Low (48.37), 48 comps

Comp revenue range (p25 / median / p75)

$13,602$22,114$27,359

Median revenue of shown comps: $21,593

  • Timber Pines Chalet Retreat Cottage w/ Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 4 · 449 ft

    Revenue $27,220ADR $331Occ ≈ 23%4.5★ (19)

    AirbnbVrboBooking

  • 2 Fireplaces, Deck, Barbecue, Fenced Yard

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi

    Revenue $15,440ADR $313Occ ≈ 14%4★ (43)

    AirbnbVrboBooking

  • Modern Cabin that sleeps 6: Hot Tub, Firepit, BBQ

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $8,269ADR $226Occ ≈ 10%5★ (6)

    Airbnb

  • Modern Cabin that sleeps 6: Hot Tub, Firepit, BBQ

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $337ADR $168Occ ≈ 1%—

    Vrbo

  • Nostalgic vibe with modern amenities in midcentury log cabin with hot tub + more

    House · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $7,035ADR $294Occ ≈ 7%—

    VrboBooking

  • Relaxing Cabin w/ Peek-a-Boo Lake View

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi

    Revenue $24,171ADR $300Occ ≈ 22%4.2★ (5)

    AirbnbVrboBooking

  • Nostalgic midcentury log cabin with hot tub more

    House · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $28,397ADR $314Occ ≈ 25%4.2★ (28)

    AirbnbVrboBooking

  • Nostalgic midcentury log cabin with hot tub more

    House · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $16,214ADR $231Occ ≈ 19%—

    Vrbo

  • Boulder Bay Mountain View Getaway, Large Deck & AC

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $26,162ADR $192Occ ≈ 37%5★ (83)

    AirbnbVrbo

  • Boulder Bay Getaway

    Vacation home · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $35,914ADR $226Occ ≈ 44%4★ (1)

    Booking

Show 37 more
  • Magical Boulder Bay Cottage Near Lake & Trails

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $37,433ADR $227Occ ≈ 45%4.5★ (26)

    AirbnbVrboBooking

  • Big Bear Cabin w/ Large Fenced Yard & Fire Pit

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $17,862ADR $227Occ ≈ 22%4.7★ (26)

    AirbnbVrboBooking

  • Retro Mountain Condo w/ Lake Views & Pool

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $36,022ADR $167Occ ≈ 59%4.5★ (4)

    AirbnbBooking

  • Mary's Lake Cabin: Near Lake and Boulder Bay Park!

    House · 2 bd · 2.5 ba · sleeps 7 · 0.2 mi

    Revenue $28,769ADR $236Occ ≈ 33%4.3★ (60)

    AirbnbVrbo

  • 2BR Blissful Lake View Cabin - Block 2 Boulder Bay

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $20,973ADR $231Occ ≈ 25%5★ (30)

    AirbnbVrbo

  • Blissful Bay Cabin

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $23,214ADR $257Occ ≈ 25%5★ (2)

    Booking

  • Bayview Cottage-Studio McGee inspired near lake

    House · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $46,330ADR $290Occ ≈ 44%5★ (72)

    Airbnb

  • Lake View+Game Room! Fire Pit! Walk to Boulder Bay

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $21,350ADR $415Occ ≈ 14%5★ (7)

    AirbnbVrboBooking

  • Lakefront Luxury Home - Sauna, Hot Tub, Fire Pit

    House · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $27,290ADR $762Occ ≈ 10%5★ (4)

    AirbnbVrbo

  • 2 Bedroom Cndo Big Bear Lake Boulder Bay 2ba 大雄湖月租

    Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 0.2 mi

    Revenue $13,933ADR $61Occ ≈ 63%4.8★ (99)

    AirbnbVrbo

  • Lakefront! New Renovations! Hot Tub Views - LFH

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $47,341ADR $542Occ ≈ 24%4.1★ (104)

    AirbnbVrboBooking

  • The Cozy Cottage Condo - Jacuzzi/3mi to slopes

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $23,212ADR $246Occ ≈ 26%4.9★ (215)

    Airbnb

  • Lakeside Gem: Walk to Park w/ Hot Tub & Fireplace

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $12,607ADR $264Occ ≈ 13%3.9★ (41)

    AirbnbVrboBooking

  • Blue Jay Getaway #2082 by Big Bear Vacations

    Apartment · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $9,922ADR $553Occ ≈ 5%—

    Booking

  • The best memories are made here.

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $22,634ADR $245Occ ≈ 25%4.9★ (51)

    AirbnbVrbo

  • Family Fireplace Cabin

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $19,193ADR $198Occ ≈ 27%3.5★ (6)

    Airbnb

  • Next to Lake. Close to Village and Slopes. BBQ.

    Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 0.3 mi

    Revenue $22,852ADR $214Occ ≈ 29%4.8★ (233)

    AirbnbVrbo

  • Casita Condo | Jacuzzi | 3mi to slopes

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $32,378ADR $216Occ ≈ 41%5★ (198)

    Airbnb

  • Bearadise condo/free EV charge/lake beach/pool/spa

    Apartment · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $29,452ADR $128Occ ≈ 63%5★ (42)

    Airbnb

  • Steps to Boulder Bay & 4.3 miles to Snow Summit

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $19,916ADR $227Occ ≈ 24%5★ (27)

    AirbnbVrbo

  • Lakeside Haven: Walk to Park w/ Pool & Hot Tub

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $8,211ADR $159Occ ≈ 14%4.4★ (22)

    AirbnbVrboBooking

  • Lakeside Lumberjack Lodge - Condo *Pool/Jacuzzi*

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $27,300ADR $165Occ ≈ 45%4.9★ (229)

    Airbnb

  • Blue Jay Lakeside Condo*Pool & Spa*Walk to Lake*

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $9,730ADR $272Occ ≈ 10%4★ (24)

    AirbnbVrboBooking

  • Lake Loft+2 Bed Big Bear Lake 2ba Boulder Bay

    Cabin · 2 bd · 3 ba · sleeps 5 · 0.3 mi

    Revenue $16,038ADR $59Occ ≈ 74%4★ (3)

    Airbnb

  • Two bedroom rustic cabin #10

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $26,120ADR $87Occ ≈ 82%4.5★ (122)

    Airbnb

  • Charming Condo W/ Pool, Hot Tub & Pet Friendly

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $20,793ADR $237Occ ≈ 24%4.8★ (51)

    AirbnbVrboBooking

  • Modern Farmhouse Condo steps from Lake | Jacuzzi

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $27,537ADR $203Occ ≈ 37%4.9★ (374)

    Airbnb

  • Lakefront Complex + Heated Pool + Walk to Lake

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $10,209ADR $304Occ ≈ 9%4.6★ (23)

    AirbnbVrboBooking

  • Condo in Boulder Bay, 3 miles to village, Lakeview

    Townhouse · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $4,150ADR $227Occ ≈ 5%4.8★ (42)

    Airbnb

  • Steps to Lake. Close to Village and Spa. Pool/Spa

    Condominium (condo) · 2 bd · 2 ba · sleeps 5 · 0.3 mi

    Revenue $26,682ADR $192Occ ≈ 38%4.8★ (339)

    AirbnbVrbo

  • Mountain Charm! Condo Steps from Boulder Bay

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $2,978ADR $221Occ ≈ 4%3.7★ (6)

    AirbnbVrboBooking

  • Boulder Bay Condo w/ Heated Pool & Views

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $20,056ADR $278Occ ≈ 20%4.2★ (8)

    AirbnbVrboBooking

  • Lakeside Condo 2B/2B - Jacuzzi, 3mi to slopes

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $21,593ADR $221Occ ≈ 27%4.9★ (387)

    Airbnb

  • Walk to Lake, Hot Tub, Fenced Yard, Pet Friendly

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.3 mi

    Revenue $4,197ADR $269Occ ≈ 4%4.4★ (16)

    AirbnbVrboBooking

  • Boulder Bay Fun Retreat, Steps to the Lake & SPA

    Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $28,303ADR $178Occ ≈ 44%4.9★ (133)

    AirbnbVrbo

  • Two bed room family cabin with no fireplace.

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.3 mi

    Revenue $24,881ADR $417Occ ≈ 16%4★ (1)

    Airbnb

  • Cozy mountain haven with spa, game room, close to all Big Bear Lake attractions!

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.4 mi

    Revenue $2,760ADR $230Occ ≈ 3%—

    Vrbo

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
Term

Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$22,821

NOI

$3,875

Cash flow /mo

-$2,541

Cash needed

$166,510

Cash-on-cash

-18.3%

ROE (yr 1)

-7.0%

Cap rate

0.7%

DSCR

0.11

Year-1 write-off

$143,214

Year-1 tax shield @ 32%

$45,829

Year-1 return on equity

  • Cash flow (annual)-$30,497
  • Principal paydown$3,232
  • Appreciation at%$15,570
ROE-7.0%

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)$4,564
  • Platform fees (3% of revenue)$685
  • Maintenance / capex (5% of revenue)$1,141
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$6,488
  • Insurance (STR-rated)$2,647

Cash needed to close

  • Down payment (25%)$129,750
  • Closing costs (4.0%)$20,760
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$45,829

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

$352,000

Short-life (5/15-yr)

$127,000 · 36%

Year-1 deduction

$143,000

Year-1 tax shield @ 32%

$46,000

Land 32% (county tax record, assessed value split) · building $225,000 over 39 years · new furniture $16,000

Based on: 905 sq ft, built 1971, 2 bd / 2 ba, unfurnished, listing features (patio, fence, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $111,000 in year 1 (27% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$77,000
  • Kitchen cabinetsdefault

    $7,800 new × 40% good × 4.16 allocation

    $13,000
  • Kitchen countertops (stone)listing

    $8,000 new × 40% good × 4.16 allocation

    $13,300
  • Decorative trimdefault

    $1,600 new × 40% good × 4.16 allocation

    $2,600
  • Mirrorsdefault

    $300 new × 40% good × 4.16 allocation

    $500
  • Shelvingdefault

    $900 new × 40% good × 4.16 allocation

    $1,500
  • Window coverings (9)default

    $2,300 new × 40% good × 4.16 allocation

    $3,700
  • Kitchen & laundry equipment plumbingdefault

    $6,100 new × 40% good × 4.16 allocation

    $10,100
  • Kitchen, laundry & data equipment electricaldefault

    $3,700 new × 40% good × 4.16 allocation

    $6,100
  • Appliances (range, microwave, dishwasher, disposal, refrigerator)listing

    $6,100 new × 40% good × 4.16 allocation

    $10,200
  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$66,000
  • Paving: driveway & walks (paved)listing

    $6,200 new × 50% good × 4.16 allocation

    $13,000
  • Landscaping (typical)default

    $6,000 new × 50% good × 4.16 allocation

    $12,500
  • Patioslisting

    $4,100 new × 50% good × 4.16 allocation

    $8,500
  • Irrigationlisting

    $3,500 new × 50% good × 4.16 allocation

    $7,300
  • Decks & porches (attached)default

    $900 new × 50% good × 4.16 allocation

    $1,900
  • Fencinglisting

    $6,000 new × 50% good × 4.16 allocation

    $12,500
  • Gazebo / pergolalisting

    $5,000 new × 50% good × 4.16 allocation

    $10,400
Building, 39-year$225,200
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $97,700 new × 40% good × 4.16 allocation

    $162,700
  • Building plumbing & fixturesdefault

    $10,100 new × 40% good × 4.16 allocation

    $16,800
  • Building electrical & lightingdefault

    $8,700 new × 40% good × 4.16 allocation

    $14,600
  • HVACdefault

    $10,200 new × 40% good × 4.16 allocation

    $17,000
  • Hardwood & tile floorsdefault

    $5,800 new × 40% good × 4.16 allocation

    $9,700
  • Fireplacelisting

    $2,600 new × 40% good × 4.16 allocation

    $4,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$77,000$66,000$200$143,200
2$0$0$5,800$5,800
3$0$0$5,800$5,800
4$0$0$5,800$5,800
5$0$0$5,800$5,800
6+$0$0$201,900$201,900
Total$77,000$66,000$225,200$368,200

The building's share of the price ($352,000) is 4.2x our depreciated replacement cost of the home ($85,000). 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.