39733 Forest Rd
Big Bear Lake, CA 92315
$700,000
3 bd · 2 ba · 1,840 sqft · Listed 22d ago
View on Realtor.com →Year built
1936
Sqft
1,840
Lot sqft
7,309
HOA / mo
$0
Furnished
Yes
List date
2026-09-07T23:22:59.000000Z
Revenue
Annual revenue
$49,251
ADR
$369
Occupancy
37%
Cleaning fees (12 mo)
$8,607
Confidence
Low (28.81), 47 comps
Comp revenue range (p25 / median / p75)
Cabin at Lake Drive | hot tub, foosball & arcades
Cabin · 3 bd · 2 ba · sleeps 8 · 410 ft
Revenue $70,989ADR $418Occ ≈ 47%5★ (207)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Mountain Comfort w/ Games & Hot Tub House | 3 bd · 2 ba · sleeps 9 | $37,036 | $431 | 24% | 4.6★ (50) | 289 ft | AirbnbVrboBooking |
Big Bear Cabin | Hot Tub + Lake View | Game Room House | 3 bd · 3 ba · sleeps 9 | $55,271 | $502 | 30% | 5★ (55) | 335 ft | AirbnbVrbo |
Cabin at Lake Drive | hot tub, foosball & arcades Cabin | 3 bd · 2 ba · sleeps 8 | $70,989 | $418 | 47% | 5★ (207) | 410 ft | Airbnb |
Wolf Den Cabin • Spa • Walk to Lake House | 3 bd · 2.5 ba · sleeps 8 | $57,240 | $386 | 41% | 4.8★ (105) | 430 ft | AirbnbVrbo |
Cozy Cabin*Snow Summit*Big Bear Lake*ACRE Land Cabin | 3 bd · 1.5 ba · sleeps 6 | $9,689 | $387 | 7% | 4.7★ (81) | 440 ft | AirbnbVrbo |
YOLO Escape | Lakefront Walk 2 Dock - EV Charger Cabin | 3 bd · 2 ba · sleeps 6 | $32,834 | $363 | 25% | 4.9★ (49) | 459 ft | AirbnbVrboBooking |
Moose Meadows - Big Bear Lake House | 3 bd · 2 ba · sleeps 8 | $23,489 | $272 | 24% | 4.8★ (68) | 472 ft | AirbnbVrbo |
Walk to the Lake!HOTTUB!Foosball!Near Ski Resorts! House | 3 bd · 2 ba · sleeps 7 | $29,970 | $255 | 32% | 4.7★ (34) | 472 ft | AirbnbVrbo |
Close to Marinas! Hiking Trails! Shuffleboard! House | 3 bd · 2 ba · sleeps 10 | $44,349 | $327 | 37% | 4.8★ (149) | 0.1 mi | AirbnbVrbo |
Walk to the lake! Gorgeous lake house! House | 3 bd · 2 ba · sleeps 6 | $36,769 | $249 | 40% | 4.8★ (286) | 0.1 mi | AirbnbVrbo |
Show all 47 comps
Walk to Big Bear Lake: Cozy Cabin w/ Deck
Vacation home · 3 bd · 1 ba · sleeps 4 · 0.1 mi
Revenue $19,389ADR $184Occ ≈ 29%4.2★ (11)
Lakeview Getaway Game Rm, Pool, Spa, Sauna!
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.1 mi
Revenue $70,732ADR $528Occ ≈ 37%4.5★ (1)
Lakefront Retreat - Lakefront cabin near Holloways Marina
Vacation home · 3 bd · 1 ba · sleeps 6 · 0.2 mi
Revenue $56,113ADR $510Occ ≈ 30%—
Lakefront Dock-AC-pets free- specials!
House · 3 bd · 2 ba · sleeps 9 · 0.2 mi
Revenue $95,141ADR $905Occ ≈ 29%4.9★ (245)
Lakeview getaway #2120
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.2 mi
Revenue $109,160ADR $603Occ ≈ 50%4.5★ (1)
The Cottage at Sawmill Cove Lakefront - Charming vintage cabin located in a quiet area
Vacation home · 3 bd · 2 ba · sleeps 7 · 0.2 mi
Revenue $76,069ADR $938Occ ≈ 22%—
Blissful Pines Big Bear Lake
House · 3 bd · 1 ba · sleeps 8 · 0.3 mi
Revenue $25,348ADR $546Occ ≈ 13%5★ (1)
Modern Combo Big Bear Lake
Cabin · 3 bd · 2 ba · sleeps 5 · 0.3 mi
Revenue $13,369ADR $486Occ ≈ 8%—
Breezy Two Lakefront Retreat Cabin by Big Bear Vacations
Vacation home · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $67,223ADR $707Occ ≈ 26%5★ (2)
Knotty and Nice-177 by Big Bear Vacations
Vacation home · 3 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $34,695ADR $440Occ ≈ 22%—
3 bd 2 br Cabin 8 | Noon Lodge
Cabin · 3 bd · 2 ba · sleeps 7 · 0.4 mi
Revenue $41,013ADR $350Occ ≈ 32%—
Spacious Cabin | Hot Tub • Game Room • Near Lake
Cabin · 3 bd · 3 ba · sleeps 10 · 0.4 mi
Revenue $73,558ADR $532Occ ≈ 38%4.9★ (12)
Oso's Lake House | Spa | PoolTable | Next To Lake
House · 3 bd · 3 ba · sleeps 10 · 0.4 mi
Revenue $10,056ADR $365Occ ≈ 8%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Walk to Big Bear Lake: Cozy Cabin w/ Deck Vacation home | 3 bd · 1 ba · sleeps 4 | $19,389 | $184 | 29% | 4.2★ (11) | 0.1 mi | Booking |
Lakefront w/Lake Views, Fenced in Dog Yard, Dock Cabin | 3 bd · 1 ba · sleeps 5 | $83,264 | $595 | 38% | 5★ (94) | 0.1 mi | AirbnbVrbo |
Lakeview Getaway Game Rm, Pool, Spa, Sauna! Vacation home | 3 bd · 3 ba · sleeps 8 | $70,732 | $528 | 37% | 4.5★ (1) | 0.1 mi | Booking |
Serenity Cove Lake House-Dock+Spa+Games Cabin | 3 bd · 2.5 ba · sleeps 10 | $131,592 | $619 | 58% | 4.1★ (9) | 0.2 mi | AirbnbVrboBooking |
Little Bear Hollow Cabin | 3 bd · 2 ba · sleeps 5 | $12,251 | $255 | 13% | 5★ (1) | 0.2 mi | AirbnbVrbo |
Lakefront Home w/Spa/Firepit/EVOutlet/Dog Friendly Cabin | 3 bd · 2 ba · sleeps 6 | $34,534 | $641 | 15% | 4.8★ (58) | 0.2 mi | AirbnbVrbo |
Lakefront Retreat - Lakefront cabin near Holloways Marina Vacation home | 3 bd · 1 ba · sleeps 6 | $56,113 | $510 | 30% | — | 0.2 mi | Booking |
Modern Lake Cabin • Hot Tub • Games • King Suite Cabin | 3 bd · 2 ba · sleeps 7 | $37,587 | $357 | 29% | 4.8★ (102) | 0.2 mi | AirbnbVrbo |
Gilner Lodge House | 3 bd · 2 ba · sleeps 6 | $15,252 | $256 | 16% | 5★ (7) | 0.2 mi | Airbnb |
Lakefront Dock-AC-pets free- specials! House | 3 bd · 2 ba · sleeps 9 | $95,141 | $905 | 29% | 4.9★ (245) | 0.2 mi | Airbnb |
Front-Row Seats to Big Bear Lake Cabin | 3 bd · 1 ba · sleeps 6 | $15,348 | $425 | 10% | 4.5★ (10) | 0.2 mi | AirbnbVrbo |
Lakeview getaway #2120 Vacation home | 3 bd · 3 ba · sleeps 8 | $109,160 | $603 | 50% | 4.5★ (1) | 0.2 mi | Booking |
Walk to Lake! Hot Tub + Game Room | Pinetree Place House | 3 bd · 2 ba · sleeps 8 | $95,367 | $461 | 57% | 4.7★ (48) | 0.2 mi | AirbnbVrboBooking |
The Cottage at Sawmill Cove Lakefront - Charming vintage cabin located in a quiet area Vacation home | 3 bd · 2 ba · sleeps 7 | $76,069 | $938 | 22% | — | 0.2 mi | Booking |
Diana's Cabin House | 3 bd · 2 ba · sleeps 9 | $1,514 | $378 | 1% | 5★ (1) | 0.2 mi | Airbnb |
Lakeside A-Frame with Private Dock & Hot Tub Cabin | 3 bd · 2 ba · sleeps 7 | $103,487 | $326 | 87% | 4.8★ (344) | 0.2 mi | AirbnbVrbo |
Lakefront A-Frame | Dock, Theater Screen, Views Cabin | 3 bd · 2 ba · sleeps 8 | $158,552 | $821 | 53% | 4.9★ (76) | 0.3 mi | AirbnbVrbo |
Mallard Lagoon Cabin on Lake House | 3 bd · 2 ba · sleeps 6 | $4,937 | $236 | 6% | 5★ (2) | 0.3 mi | AirbnbVrbo |
Close to Lake, Pool Table, Dogs OK-Blissful Pines House | 3 bd · 3 ba · sleeps 8 | $32,752 | $475 | 19% | 4.7★ (71) | 0.3 mi | AirbnbVrboBooking |
Blissful Pines Big Bear Lake House | 3 bd · 1 ba · sleeps 8 | $25,348 | $546 | 13% | 5★ (1) | 0.3 mi | Vrbo |
Modern Combo Big Bear Lake Cabin | 3 bd · 2 ba · sleeps 5 | $13,369 | $486 | 8% | — | 0.3 mi | Vrbo |
Lakefront Combo w/Views & Dock - Modern Combo Cabin | 3 bd · 2 ba · sleeps 5 | $34,150 | $490 | 19% | 5★ (3) | 0.3 mi | AirbnbBooking |
Waterfront Log Cabin w/ Game Room House | 3 bd · 2 ba · sleeps 7 | $32,756 | $375 | 24% | 4.4★ (14) | 0.3 mi | AirbnbVrboBooking |
Breezy Two Lakeside Retreat w/ Boat Dock Cabin | 3 bd · 2 ba · sleeps 8 | $64,003 | $518 | 34% | 3.9★ (14) | 0.3 mi | AirbnbVrboBooking |
Breezy Two Lakefront Retreat Cabin by Big Bear Vacations Vacation home | 3 bd · 2 ba · sleeps 8 | $67,223 | $707 | 26% | 5★ (2) | 0.3 mi | Booking |
LUX Log Cabin! Shuffleboard! Open Concept! BBQ! House | 3 bd · 2 ba · sleeps 10 | $26,784 | $610 | 12% | 4.8★ (8) | 0.3 mi | AirbnbVrbo |
Close to the Lake! Hot tub, Smart TV, and WiFi Cabin | 3 bd · 2 ba · sleeps 6 | $33,064 | $402 | 23% | 4.7★ (21) | 0.3 mi | AirbnbVrboBooking |
Lakefront w/ Private Dock, Hot Tub, Deck Views House | 3 bd · 2 ba · sleeps 7 | $65,257 | $421 | 42% | 4.8★ (29) | 0.3 mi | AirbnbVrboBooking |
Knotty & Nice- Lakeview Log Cabin w/ Hot Tub at BB Cabin | 3 bd · 2 ba · sleeps 7 | $39,912 | $422 | 26% | 4★ (46) | 0.3 mi | AirbnbVrboBooking |
Knotty and Nice-177 by Big Bear Vacations Vacation home | 3 bd · 2 ba · sleeps 7 | $34,695 | $440 | 22% | — | 0.4 mi | Booking |
3 bd 2 br Cabin 8 | Noon Lodge Cabin | 3 bd · 2 ba · sleeps 7 | $41,013 | $350 | 32% | — | 0.4 mi | Airbnb |
Lakefront! HOT TUB! Pet Friendly! Foosball! House | 3 bd · 2 ba · sleeps 9 | $97,068 | $539 | 49% | 4.8★ (26) | 0.4 mi | AirbnbVrbo |
Spacious Cabin | Hot Tub • Game Room • Near Lake Cabin | 3 bd · 3 ba · sleeps 10 | $73,558 | $532 | 38% | 4.9★ (12) | 0.4 mi | Airbnb |
Lakeside Living: Lake and Mountain Views! Gas BBQ! House | 3 bd · 2 ba · sleeps 8 | $35,153 | $481 | 20% | 4.7★ (58) | 0.4 mi | AirbnbVrbo |
Home in BBL|Walk to lake|Spa|Arcade|FirePit|EV|A/C House | 3 bd · 3 ba · sleeps 10 | $12,639 | $383 | 9% | 4.3★ (7) | 0.4 mi | AirbnbVrbo |
Oso's Lake House | Spa | PoolTable | Next To Lake House | 3 bd · 3 ba · sleeps 10 | $10,056 | $365 | 8% | 5★ (1) | 0.4 mi | Airbnb |
Honeybee Themed By the Lake, Hot Tub & EV charger Cabin | 3 bd · 2 ba · sleeps 8 | $36,154 | $291 | 34% | 5★ (131) | 0.4 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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$49,251
NOI
$19,991
Cash flow /mo
-$2,106
Cash needed
$203,000
Cash-on-cash
-12.5%
ROE (yr 1)
0.2%
Cap rate
2.9%
DSCR
0.44
Year-1 write-off
$136,700
Year-1 tax shield @ 32%
$43,744
Year-1 return on equity
- Cash flow (annual)-$25,274
- Principal paydown$4,581
- Appreciation at%$21,000
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$9,850
- Platform fees (3% of revenue)$1,478
- Maintenance / capex (5% of revenue)$2,463
- Utilities & supplies$4,200
- HOA$0
- Property tax$8,750
- Insurance (STR-rated)$3,570
Cash needed to close
- Down payment (25%)$175,000
- Closing costs (4.0%)$28,000
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$43,744
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
$562,000
Short-life (5/15-yr)
$135,000 · 24%
Year-1 deduction
$137,000
Year-1 tax shield @ 32%
$44,000
Land 20% (county tax record, assessed value split) · building $426,000 over 39 years
Based on: 1,840 sq ft, built 1936, 3 bd / 2 ba, furnished, listing features (fence, fireplace, flooring types, appliance list).
IRS-guide safe-harbor floor: $104,000 in year 1 (18% short-life, $33,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $15,500
Kitchen cabinetsdefault
$9,800 new × 40% good × 3.94 allocation
- $6,300
Kitchen countertopslisting
$4,000 new × 40% good × 3.94 allocation
- $5,100
Decorative trimdefault
$3,200 new × 40% good × 3.94 allocation
- $500
Mirrorsdefault
$300 new × 40% good × 3.94 allocation
- $1,900
Shelvingdefault
$1,200 new × 40% good × 3.94 allocation
- $7,100
Window coverings (18)default
$4,500 new × 40% good × 3.94 allocation
- $9,300
Carpet, vinyl & laminate (50% of floors)listing
$5,900 new × 40% good × 3.94 allocation
- $12,100
Kitchen & laundry equipment plumbingdefault
$7,700 new × 40% good × 3.94 allocation
- $7,300
Kitchen, laundry & data equipment electricaldefault
$4,600 new × 40% good × 3.94 allocation
- $9,000
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 3.94 allocation
- $7,800
Furniture conveyed with the sale (used)listing
$19,500 new × 40% good · out of the price
- $17,500
Paving: driveway & walks (paved)listing
$8,900 new × 50% good × 3.94 allocation
- $16,900
Landscaping (typical)default
$8,600 new × 50% good × 3.94 allocation
- $3,600
Patiosdefault
$1,800 new × 50% good × 3.94 allocation
- $3,600
Decks & porches (attached)default
$1,800 new × 50% good × 3.94 allocation
- $11,800
Fencinglisting
$6,000 new × 50% good × 3.94 allocation
- $314,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$199,500 new × 40% good × 3.94 allocation
- $32,700
Building plumbing & fixturesdefault
$20,700 new × 40% good × 3.94 allocation
- $32,500
Building electrical & lightingdefault
$20,600 new × 40% good × 3.94 allocation
- $32,700
HVACdefault
$20,700 new × 40% good × 3.94 allocation
- $9,300
Hardwood & tile floorsdefault
$5,900 new × 40% good × 3.94 allocation
- $4,200
Fireplacelisting
$2,600 new × 40% good × 3.94 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $81,900 | $53,400 | $1,400 | $136,700 |
| 2 | $0 | $0 | $10,900 | $10,900 |
| 3 | $0 | $0 | $10,900 | $10,900 |
| 4 | $0 | $0 | $10,900 | $10,900 |
| 5 | $0 | $0 | $10,900 | $10,900 |
| 6+ | $0 | $0 | $381,100 | $381,100 |
| Total | $81,900 | $53,400 | $426,200 | $561,600 |
The building's share of the price ($554,000) is 3.9x our depreciated replacement cost of the home ($140,000). 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.