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40218 Mahanoy Ln

40218 Mahanoy Ln

Big Bear Lake, CA 92315

$389,000

2 bd · 1 ba · 768 sqft · Listed 7d ago

View on Realtor.com →

Year built

1946

Sqft

768

Lot sqft

3,999

HOA / mo

$0

Furnished

Yes

List date

2026-11-05T00:34:23.000000Z

Revenue

Annual revenue

$27,740

ADR

$180

Occupancy

42%

Cleaning fees (12 mo)

$6,778

Confidence

Low (44.86), 49 comps

Comp revenue range (p25 / median / p75)

$12,977$27,284$35,276

Median revenue of shown comps: $27,396

  • COZY BEAR Cabin- AC! Fenced Yard! Near Lake!

    Cabin · 2 bd · 1 ba · sleeps 5 · 56 ft

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $35,276ADR $187Occ ≈ 52%4.9★ (239)

    Airbnb

  • Hot Tub Retreat Close to Slopes & Village

    Chalet · 2 bd · 2 ba · sleeps 5 · 82 ft

    • Hot tub
    • Free parking
    • Wifi
    • Kitchen
    • +3

    Revenue $11,418ADR $328Occ ≈ 10%4.8★ (14)

    AirbnbVrboBooking

  • Kitschy cabin great location w/hot tub,fenced yard

    Cabin · 2 bd · 1 ba · sleeps 4 · 213 ft

    Revenue $33,275ADR $257Occ ≈ 35%5★ (191)

    Delisted

  • Hot Tub • Fenced Yard • Fire Pit • Walk To Lake

    Cabin · 2 bd · 1 ba · sleeps 4 · 217 ft

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $51,582ADR $341Occ ≈ 41%5★ (30)

    AirbnbVrbo

  • Midnight MTN Chalet A-Frame | Hot Tub & S'mores

    Cabin · 2 bd · 1 ba · sleeps 5 · 220 ft

    • Free parking
    • Wifi
    • Kitchen
    • Fireplace
    • +1

    Revenue $54,252ADR $229Occ ≈ 65%4.9★ (177)

    AirbnbVrbo

  • DreamcatcherCabin, BBQ! TV in Bedroom&Living-room!

    House · 2 bd · 1 ba · sleeps 4 · 262 ft

    Revenue $10,785ADR $2,261Occ ≈ 1%4.8★ (94)

    Delisted

  • Open Concept w Hot Tub, Kayaks, & Mountain View’s

    Cabin · 2 bd · 1 ba · sleeps 4 · 266 ft

    • Hot tub
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $59,300ADR $189Occ ≈ 86%5★ (512)

    Airbnb

  • Bear Claw Bungalow-379 by Big Bear Vacations

    Vacation home · 2 bd · 2 ba · sleeps 4 · 279 ft

    Revenue $10,729ADR $0Occ ≈ ——

    Booking

  • Perfect Perch Cabin • Walk to Village & Lake

    Cabin · 2 bd · 2 ba · sleeps 5 · 338 ft

    Revenue $3,979ADR $228Occ ≈ 5%4.9★ (28)

    Airbnb

  • Sweet Dream Cabin on Dream Street | Walk to Alpine Slide, Dining, & Big Bear Fun

    Vacation home · 2 bd · 1 ba · sleeps 5 · 345 ft

    Revenue $33,080ADR $295Occ ≈ 31%—

    Booking

Show 31 more

  • Lil' Oso Bonita | Walk 2 the Village, Games & SPA

    Cabin · 2 bd · 1 ba · sleeps 4 · 348 ft

    • Hot tub
    • Free parking
    • Wifi
    • Kitchen
    • +4

    Revenue $47,719ADR $190Occ ≈ 69%4.8★ (91)

    AirbnbVrbo

  • Walk to /LAKE/Village/Sledding 2+2 Central BBL

    Cabin · 2 bd · 2 ba · sleeps 5 · 351 ft

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +3

    Revenue $5,830ADR $327Occ ≈ 5%4.7★ (78)

    AirbnbVrboBooking

  • Lil Oso Bonita Cabin with Hot Tub

    Vacation home · 2 bd · 1 ba · sleeps 4 · 351 ft

    Revenue $46,602ADR $172Occ ≈ 74%4.5★ (1)

    Booking

  • Esterly Hideaway • Spa • Fenced Yard • Firepit

    House · 2 bd · 1 ba · sleeps 5 · 351 ft

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $34,913ADR $214Occ ≈ 45%4.8★ (319)

    AirbnbVrbo

  • Hot Tub View-Walk to Lake & Village

    House · 2 bd · 1 ba · sleeps 5 · 361 ft

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $33,184ADR $203Occ ≈ 45%4.8★ (570)

    AirbnbVrbo

  • 3 story cabin In the heart of Big Bear Lake

    House · 2 bd · 2 ba · sleeps 6 · 400 ft

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +3

    Revenue $34,954ADR $177Occ ≈ 54%4.9★ (368)

    Airbnb

  • Starbright Cabin-AC, hot tub, close to everything

    Cabin · 2 bd · 1 ba · sleeps 5 · 404 ft

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $40,923ADR $210Occ ≈ 53%4.9★ (378)

    Airbnb

  • Artistic Mid-Century Cabin w/ Hot Tub & Fire Pit

    Cabin · 2 bd · 2 ba · sleeps 6 · 407 ft

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $51,286ADR $207Occ ≈ 68%5★ (448)

    AirbnbVrbo

  • Dream Lake Cabin | Hot Tub, EV & Walk to Lake

    Cabin · 2 bd · 1 ba · sleeps 4 · 407 ft

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +4

    Revenue $51,072ADR $183Occ ≈ 76%4.8★ (42)

    AirbnbVrboBooking

  • Sweet Dream Cabin Walk to Alpine Slide

    Cabin · 2 bd · 1 ba · sleeps 5 · 430 ft

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +1

    Revenue $23,864ADR $234Occ ≈ 28%4.2★ (6)

    AirbnbVrboBooking

  • VISTA HOUSE - 2 Cabins for one price Walk to LAKE!

    Cabin · 2 bd · 2 ba · sleeps 8 · 430 ft

    Revenue $31,812ADR $264Occ ≈ 33%4.8★ (125)

    Airbnb

  • Walk to Village & Lake, Deck, Barbecue

    Cabin · 2 bd · 1 ba · sleeps 4 · 443 ft

    Revenue $3,637ADR $247Occ ≈ 4%4.5★ (28)

    AirbnbBooking

  • Secret Hideaway Big Bear Lake (VRR-2023-0970)

    Cabin · 2 bd · 1 ba · sleeps 4 · 469 ft

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +2

    Revenue $8,897ADR $202Occ ≈ 12%4.7★ (68)

    Airbnb

  • "THE MAHANOY" - 1946 Cozy Craftman in the woods

    Cottage · 2 bd · 1 ba · sleeps 4 · 472 ft

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +2

    Revenue $35,512ADR $197Occ ≈ 49%4.8★ (132)

    AirbnbVrbo

  • L'Abri Cozy Cottage - Vintage charm near Village

    House · 2 bd · 1 ba · sleeps 4 · 492 ft

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +1

    Revenue $29,906ADR $206Occ ≈ 40%5★ (31)

    Airbnb

  • Temple treasure #1699

    Vacation home · 2 bd · 1 ba · sleeps 5 · 499 ft

    Revenue $4,193ADR $188Occ ≈ 6%—

    Booking

  • Cabin 27 is stand alone 2 bedroom cabin

    Cabin · 2 bd · 1 ba · sleeps 5 · 515 ft

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $12,977ADR $219Occ ≈ 16%4★ (11)

    Airbnb

  • Cozy Den - AC, Pets, Sled Hill, BBQ, Ski, By Lake

    Cabin · 2 bd · 1.5 ba · sleeps 5 · 0.1 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +4

    Revenue $37,726ADR $206Occ ≈ 50%4.9★ (130)

    AirbnbVrbo

  • Owl Cabin: Lakeside Serenity (house for sale)

    House · 2 bd · 1.5 ba · sleeps 5 · 0.1 mi

    Revenue $20,298ADR $179Occ ≈ 31%5★ (56)

    Delisted

  • Fox Den · Hot Tub · Walk to Lake & Village, Dog OK

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +3

    Revenue $22,269ADR $239Occ ≈ 26%5★ (108)

    AirbnbVrbo

  • Bear 'n Tree - Walk to Lake & Village, Fireplace, Barbecue

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

    Revenue $9,986ADR $278Occ ≈ 10%0.5★ (1)

    Booking

  • Cabin 20 is strand along two bedroom

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $27,284ADR $113Occ ≈ 66%3.9★ (6)

    Airbnb

  • two bed rooms cabin 1

    Townhouse · 2 bd · 0 ba · sleeps 5 · 0.1 mi

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $17,430ADR $164Occ ≈ 29%3.8★ (16)

    Airbnb

  • Ursa Minor Cabin | BBQ | Fire Pit on Deck | Max 4

    House · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    • Free parking
    • Wifi
    • Kitchen
    • Fireplace
    • +1

    Revenue $23,368ADR $202Occ ≈ 32%4.8★ (35)

    AirbnbVrbo

  • Cabin Wolf-Hot Tub, walk to village, pups welcome!

    House · 2 bd · 1.5 ba · sleeps 5 · 0.1 mi

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +3

    Revenue $42,039ADR $196Occ ≈ 59%4.9★ (390)

    Airbnb

  • Lakewood Landing / Near the Lake!

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    • Free parking
    • Wifi
    • Kitchen
    • Fireplace
    • +1

    Revenue $5,591ADR $265Occ ≈ 6%4.8★ (7)

    Airbnb

  • Cabin 29 is stand alone 2 bedrooms

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

    • A/C
    • Free parking
    • Wifi
    • Kitchen

    Revenue $9,938ADR $267Occ ≈ 10%4.4★ (13)

    Airbnb

  • TWIN PINES Cabin - Excellent location-Pet Friendly

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    • Free parking
    • Pets OK
    • Wifi
    • Kitchen
    • +1

    Revenue $27,396ADR $219Occ ≈ 34%5★ (320)

    Airbnb

  • Rustic Lake View Cabin with Modern Luxuries!

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

    Revenue $22,651ADR $242Occ ≈ 26%4.9★ (20)

    Delisted

  • Adorable Casa Catalina Village Cabin at Big Bear

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    • Free parking
    • Kitchen
    • Fireplace
    • View

    Revenue $9,185ADR $303Occ ≈ 8%4.3★ (22)

    AirbnbVrboBooking

  • Cozy Cabin,AC,Hot Tub,Jacuzzi,Tankless WaterHeater

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

    • Hot tub
    • A/C
    • Free parking
    • Wifi
    • +3

    Revenue $35,385ADR $294Occ ≈ 33%5★ (68)

    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

Financing
Management

Est. revenue

$27,740

NOI

$9,510

Cash flow /mo

$792

Cash needed

$404,560

Cash-on-cash (all cash)

2.4%

ROE (yr 1)

5.2%

Cap rate

2.4%

DSCR

—

Year-1 write-off

$109,954

Year-1 tax shield @ 32%

$35,185

Year-1 return on equity

  • Cash flow (annual)$9,510
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$11,670
ROE5.2%

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)$5,548
  • Platform fees (3% of revenue)$832
  • Maintenance / capex (5% of revenue)$1,387
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,863
  • Insurance (STR-rated)$1,984

Cash needed to close

  • Purchase price (all cash)$389,000
  • Closing costs (4.0%)$15,560
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$35,185

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

$312,000

Short-life (5/15-yr)

$110,000 · 35%

Year-1 deduction

$110,000

Year-1 tax shield @ 32%

$35,000

Land 20% (county tax record, assessed value split) · building $203,000 over 39 years

Based on: 768 sq ft, built 1946, 2 bd / 1 ba, furnished, listing features (deck, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $59,000 in year 1 (19% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$63,000

  • Kitchen cabinetsdefault

    $7,500 new × 40% good × 4.52 allocation

    $13,500

  • Kitchen countertops (stone)listing

    $7,700 new × 40% good × 4.52 allocation

    $13,800

  • Decorative trimdefault

    $1,300 new × 40% good × 4.52 allocation

    $2,400

  • Mirrorsdefault

    $200 new × 40% good × 4.52 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 4.52 allocation

    $1,600

  • Window coverings (8)default

    $2,000 new × 40% good × 4.52 allocation

    $3,600

  • Carpet, vinyl & laminate (50% of floors)listing

    $2,500 new × 40% good × 4.52 allocation

    $4,500

  • Kitchen & laundry equipment plumbingdefault

    $5,800 new × 40% good × 4.52 allocation

    $10,500

  • Kitchen, laundry & data equipment electricaldefault

    $3,500 new × 40% good × 4.52 allocation

    $6,400

  • Furniture conveyed with the sale (used)listing

    $16,000 new × 40% good · out of the price

    $6,400
15-year land improvements$46,700

  • Paving: driveway & walks (paved)default

    $5,700 new × 50% good × 4.52 allocation

    $13,000

  • Landscaping (typical)default

    $5,500 new × 50% good × 4.52 allocation

    $12,500

  • Patiosdefault

    $800 new × 50% good × 4.52 allocation

    $1,700

  • Decks & porches (attached)listing

    $8,600 new × 50% good × 4.52 allocation

    $19,500
Building, 39-year$202,700

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $82,900 new × 40% good × 4.52 allocation

    $149,700

  • Building plumbing & fixturesdefault

    $8,600 new × 40% good × 4.52 allocation

    $15,500

  • Building electrical & lightingdefault

    $7,000 new × 40% good × 4.52 allocation

    $12,700

  • HVACdefault

    $8,700 new × 40% good × 4.52 allocation

    $15,600

  • Hardwood & tile floorsdefault

    $2,500 new × 40% good × 4.52 allocation

    $4,500

  • Fireplacelisting

    $2,600 new × 40% good × 4.52 allocation

    $4,800

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$63,000$46,700$200$110,000
2$0$0$5,200$5,200
3$0$0$5,200$5,200
4$0$0$5,200$5,200
5$0$0$5,200$5,200
6+$0$0$181,700$181,700
Total$63,000$46,700$202,700$312,500

The building's share of the price ($306,000) is 4.5x our depreciated replacement cost of the home ($68,000). 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.