40127 Dream St
Big Bear Lake, CA 92315
$359,000
2 bd · 2 ba · Listed 1d ago
View on Realtor.com →Year built
2003
Sqft
—
Lot sqft
2,500
HOA / mo
None
Furnished
No
List date
2026-10-07T23:25:55.000000Z
Revenue
Annual revenue
$27,460
ADR
$215
Occupancy
35%
Cleaning fees (12 mo)
$6,558
Confidence
Low (46.81), 49 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $29,021
Modern Cabin, Fully Fenced Yard Hot Tub, Waterfall
Cabin · 2 bd · 2.5 ba · sleeps 6 · 33 ft
- Hot tub
- Pets OK
- Wifi
- Kitchen
- +3
Revenue $25,405ADR $398Occ ≈ 17%5★ (81)
Owl Cabin: Lakeside Serenity (house for sale)
House · 2 bd · 1.5 ba · sleeps 5 · 125 ft
Revenue $20,298ADR $179Occ ≈ 31%5★ (56)
Delisted
Lakewood Landing / Near the Lake!
Cabin · 2 bd · 1 ba · sleeps 4 · 154 ft
- Free parking
- Wifi
- Kitchen
- Fireplace
- +1
Revenue $5,591ADR $265Occ ≈ 6%4.8★ (7)
Secret Hideaway Big Bear Lake (VRR-2023-0970)
Cabin · 2 bd · 1 ba · sleeps 4 · 177 ft
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $8,897ADR $202Occ ≈ 12%4.7★ (68)
Starbright Cabin-AC, hot tub, close to everything
Cabin · 2 bd · 1 ba · sleeps 5 · 226 ft
- Hot tub
- Free parking
- Pets OK
- Wifi
- +3
Revenue $40,923ADR $210Occ ≈ 53%4.9★ (378)
VISTA HOUSE - 2 Cabins for one price Walk to LAKE!
Cabin · 2 bd · 2 ba · sleeps 8 · 236 ft
Revenue $31,812ADR $264Occ ≈ 33%4.8★ (125)
Sweet Dream Cabin on Dream Street | Walk to Alpine Slide, Dining, & Big Bear Fun
Vacation home · 2 bd · 1 ba · sleeps 5 · 246 ft
Revenue $33,080ADR $295Occ ≈ 31%—
Cozy Cabin Close to the Village
Cabin · 2 bd · 1 ba · sleeps 4 · 262 ft
- Free parking
- Pets OK
- Wifi
- Kitchen
- +1
Revenue $23,832ADR $164Occ ≈ 40%4.8★ (164)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Modern Cabin, Fully Fenced Yard Hot Tub, Waterfall Cabin
| 2 bd · 2.5 ba · sleeps 6 | $25,405 | $398 | 17% | 5★ (81) | 33 ft | Airbnb |
Owl Cabin: Lakeside Serenity (house for sale) House | 2 bd · 1.5 ba · sleeps 5 | $20,298 | $179 | 31% | 5★ (56) | 125 ft | Delisted |
Lakewood Landing / Near the Lake! Cabin
| 2 bd · 1 ba · sleeps 4 | $5,591 | $265 | 6% | 4.8★ (7) | 154 ft | Airbnb |
Secret Hideaway Big Bear Lake (VRR-2023-0970) Cabin
| 2 bd · 1 ba · sleeps 4 | $8,897 | $202 | 12% | 4.7★ (68) | 177 ft | Airbnb |
Dream Lake Cabin | Hot Tub, EV & Walk to Lake Cabin
| 2 bd · 1 ba · sleeps 4 | $51,072 | $183 | 76% | 4.8★ (42) | 184 ft | AirbnbVrboBooking |
Starbright Cabin-AC, hot tub, close to everything Cabin
| 2 bd · 1 ba · sleeps 5 | $40,923 | $210 | 53% | 4.9★ (378) | 226 ft | Airbnb |
Sweet Dream Cabin Walk to Alpine Slide Cabin
| 2 bd · 1 ba · sleeps 5 | $23,864 | $234 | 28% | 4.2★ (6) | 226 ft | AirbnbVrboBooking |
VISTA HOUSE - 2 Cabins for one price Walk to LAKE! Cabin | 2 bd · 2 ba · sleeps 8 | $31,812 | $264 | 33% | 4.8★ (125) | 236 ft | Airbnb |
Sweet Dream Cabin on Dream Street | Walk to Alpine Slide, Dining, & Big Bear Fun Vacation home | 2 bd · 1 ba · sleeps 5 | $33,080 | $295 | 31% | — | 246 ft | Booking |
Cozy Cabin Close to the Village Cabin
| 2 bd · 1 ba · sleeps 4 | $23,832 | $164 | 40% | 4.8★ (164) | 262 ft | Airbnb |
Show 30 more
Casa catalina #667
Vacation home · 2 bd · 1 ba · sleeps 4 · 315 ft
Revenue $7,270ADR $266Occ ≈ 7%—
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)
DreamcatcherCabin, BBQ! TV in Bedroom&Living-room!
House · 2 bd · 1 ba · sleeps 4 · 407 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 · 449 ft
- Hot tub
- Free parking
- Wifi
- Kitchen
- +2
Revenue $59,300ADR $189Occ ≈ 86%5★ (512)
Bear 'n Tree - Walk to Lake & Village, Fireplace, Barbecue
Vacation home · 2 bd · 2 ba · sleeps 5 · 453 ft
Revenue $9,986ADR $278Occ ≈ 10%0.5★ (1)
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)
The Cozy Chalet
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Free parking
- Wifi
- Kitchen
- Washer
- +1
Revenue $16,858ADR $271Occ ≈ 17%4.8★ (327)
COZY BEAR Cabin- AC! Fenced Yard! Near Lake!
Cabin · 2 bd · 1 ba · sleeps 5 · 0.1 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $35,276ADR $187Occ ≈ 52%4.9★ (239)
walking distance to lake & village , Hot Tub
Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi
- Hot tub
- Free parking
- Wifi
- Kitchen
- +2
Revenue $38,796ADR $229Occ ≈ 46%5★ (333)
Lil Oso Bonita Cabin with Hot Tub
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.1 mi
Revenue $46,602ADR $172Occ ≈ 74%4.5★ (1)
Cabin 27 is stand alone 2 bedroom cabin
Cabin · 2 bd · 1 ba · sleeps 5 · 0.1 mi
- A/C
- Free parking
- Wifi
- Kitchen
Revenue $12,977ADR $219Occ ≈ 16%4★ (11)
A frame jacuzzi perfect location
Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $31,502ADR $177Occ ≈ 49%4.5★ (51)
Cottage 1A: Modern cabin with a deck. No kitchen
Cottage · 2 bd · 1 ba · sleeps 8 · 0.2 mi
- A/C
- Free parking
- Pets OK
- Wifi
Revenue $7,885ADR $198Occ ≈ 11%4★ (4)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Adorable Casa Catalina Village Cabin at Big Bear Cabin
| 2 bd · 1 ba · sleeps 4 | $9,185 | $303 | 8% | 4.3★ (22) | 295 ft | AirbnbVrboBooking |
Casa catalina #667 Vacation home | 2 bd · 1 ba · sleeps 4 | $7,270 | $266 | 7% | — | 315 ft | Booking |
Cozy Den - AC, Pets, Sled Hill, BBQ, Ski, By Lake Cabin
| 2 bd · 1.5 ba · sleeps 5 | $37,726 | $206 | 50% | 4.9★ (130) | 318 ft | AirbnbVrbo |
Pine Nest Marina Retreat at Big Bear- Marina Area Cabin
| 2 bd · 2 ba · sleeps 7 | $14,122 | $570 | 7% | 4★ (7) | 328 ft | AirbnbVrboBooking |
Esterly Hideaway • Spa • Fenced Yard • Firepit House
| 2 bd · 1 ba · sleeps 5 | $34,913 | $214 | 45% | 4.8★ (319) | 394 ft | AirbnbVrbo |
3 story cabin In the heart of Big Bear Lake House
| 2 bd · 2 ba · sleeps 6 | $34,954 | $177 | 54% | 4.9★ (368) | 400 ft | Airbnb |
DreamcatcherCabin, BBQ! TV in Bedroom&Living-room! House | 2 bd · 1 ba · sleeps 4 | $10,785 | $2,261 | 1% | 4.8★ (94) | 407 ft | Delisted |
Ursa Minor Cabin | BBQ | Fire Pit on Deck | Max 4 House
| 2 bd · 1 ba · sleeps 4 | $23,368 | $202 | 32% | 4.8★ (35) | 413 ft | AirbnbVrbo |
Little Lake Lodge House
| 2 bd · 1 ba · sleeps 4 | $8,789 | $266 | 9% | 4.9★ (16) | 443 ft | AirbnbVrbo |
Open Concept w Hot Tub, Kayaks, & Mountain View’s Cabin
| 2 bd · 1 ba · sleeps 4 | $59,300 | $189 | 86% | 5★ (512) | 449 ft | Airbnb |
Bear 'n Tree - Walk to Lake & Village, Fireplace, Barbecue Vacation home | 2 bd · 2 ba · sleeps 5 | $9,986 | $278 | 10% | 0.5★ (1) | 453 ft | Booking |
Hot Tub View-Walk to Lake & Village House
| 2 bd · 1 ba · sleeps 5 | $33,184 | $203 | 45% | 4.8★ (570) | 492 ft | AirbnbVrbo |
Hot Tub Retreat Close to Slopes & Village Chalet
| 2 bd · 2 ba · sleeps 5 | $11,418 | $328 | 10% | 4.8★ (14) | 502 ft | AirbnbVrboBooking |
Midnight MTN Chalet A-Frame | Hot Tub & S'mores Cabin
| 2 bd · 1 ba · sleeps 5 | $54,252 | $229 | 65% | 4.9★ (177) | 0.1 mi | AirbnbVrbo |
Cabin 20 is strand along two bedroom Cabin
| 2 bd · 1 ba · sleeps 5 | $27,284 | $113 | 66% | 3.9★ (6) | 0.1 mi | Airbnb |
The Cozy Chalet Cabin
| 2 bd · 2 ba · sleeps 6 | $16,858 | $271 | 17% | 4.8★ (327) | 0.1 mi | Airbnb |
COZY BEAR Cabin- AC! Fenced Yard! Near Lake! Cabin
| 2 bd · 1 ba · sleeps 5 | $35,276 | $187 | 52% | 4.9★ (239) | 0.1 mi | Airbnb |
walking distance to lake & village , Hot Tub Cabin
| 2 bd · 1 ba · sleeps 4 | $38,796 | $229 | 46% | 5★ (333) | 0.1 mi | Airbnb |
Hot Tub, BBQ, Close to Lake, Pets OK Cabin
| 2 bd · 2 ba · sleeps 5 | $53,151 | $245 | 59% | 5★ (223) | 0.1 mi | AirbnbVrbo |
Walk to /LAKE/Village/Sledding 2+2 Central BBL Cabin
| 2 bd · 2 ba · sleeps 5 | $5,830 | $327 | 5% | 4.7★ (78) | 0.1 mi | AirbnbVrboBooking |
Hot Tub • Fenced Yard • Fire Pit • Walk To Lake Cabin
| 2 bd · 1 ba · sleeps 4 | $51,582 | $341 | 41% | 5★ (30) | 0.1 mi | AirbnbVrbo |
Lil Oso Bonita Cabin with Hot Tub Vacation home | 2 bd · 1 ba · sleeps 4 | $46,602 | $172 | 74% | 4.5★ (1) | 0.1 mi | Booking |
Lil' Oso Bonita | Walk 2 the Village, Games & SPA Cabin
| 2 bd · 1 ba · sleeps 4 | $47,719 | $190 | 69% | 4.8★ (91) | 0.1 mi | AirbnbVrbo |
Cabin 27 is stand alone 2 bedroom cabin Cabin
| 2 bd · 1 ba · sleeps 5 | $12,977 | $219 | 16% | 4★ (11) | 0.1 mi | Airbnb |
Hot Tub Cabin Near Village Shops & Dining Cabin | 2 bd · 1.5 ba · sleeps 6 | $34,921 | $314 | 30% | 4.5★ (44) | 0.1 mi | AirbnbBooking |
Artistic Mid-Century Cabin w/ Hot Tub & Fire Pit Cabin
| 2 bd · 2 ba · sleeps 6 | $51,286 | $207 | 68% | 5★ (448) | 0.1 mi | AirbnbVrbo |
Modern Rustic Escape, Romantic Hot Tub, Firepit Cabin
| 2 bd · 1.5 ba · sleeps 5 | $12,813 | $266 | 13% | 5★ (13) | 0.1 mi | AirbnbVrbo |
A frame jacuzzi perfect location Cabin
| 2 bd · 1 ba · sleeps 5 | $31,502 | $177 | 49% | 4.5★ (51) | 0.2 mi | Airbnb |
Cottage 1A: Modern cabin with a deck. No kitchen Cottage
| 2 bd · 1 ba · sleeps 8 | $7,885 | $198 | 11% | 4★ (4) | 0.2 mi | Airbnb |
Cozy cabin-Hot tub-fenced yard- A/C - Pet friendly Cabin
| 2 bd · 1 ba · sleeps 5 | $30,758 | $319 | 26% | 5★ (88) | 0.2 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
$27,460
NOI
$9,791
Cash flow /mo
-$1,165
Cash needed
$120,110
Cash-on-cash
-11.6%
ROE (yr 1)
-0.8%
Cap rate
2.7%
DSCR
0.41
Year-1 write-off
$89,636
Year-1 tax shield @ 32%
$28,684
Year-1 return on equity
- Cash flow (annual)-$13,984
- Principal paydown$2,236
- Appreciation at%$10,770
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)$5,492
- Platform fees (3% of revenue)$824
- Maintenance / capex (5% of revenue)$1,373
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,488
- Insurance (STR-rated)$1,831
Cash needed to close
- Down payment (25%)$89,750
- Closing costs (4.0%)$14,360
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,684
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
$291,000
Short-life (5/15-yr)
$73,000 · 25%
Year-1 deduction
$90,000
Year-1 tax shield @ 32%
$29,000
Land 19% (county tax record, assessed value split) · building $218,000 over 39 years · new furniture $16,000
Based on: ~1,400 sq ft (from beds), built 2003, 2 bd / 2 ba, unfurnished, listing features (deck, patio, fireplace, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $60,000 in year 1 (15% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $6,600
Kitchen cabinetsdefault
$8,900 new × 40% good × 1.86 allocation
- $5,400
Kitchen countertopsdefault
$7,300 new × 40% good × 1.86 allocation
- $1,800
Decorative trimdefault
$2,500 new × 40% good × 1.86 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.86 allocation
- $700
Shelvingdefault
$900 new × 40% good × 1.86 allocation
- $2,600
Window coverings (14)default
$3,500 new × 40% good × 1.86 allocation
- $6,700
Carpet, vinyl & laminate (100% of floors)listing
$9,000 new × 40% good × 1.86 allocation
- $6,900
Kitchen & laundry equipment plumbingdefault
$6,900 new × 54% good × 1.86 allocation
- $4,200
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 54% good × 1.86 allocation
- $3,800
Appliances (range, microwave, disposal, refrigerator)listing
$5,100 new × 40% good × 1.86 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $7,200
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 1.86 allocation
- $6,900
Landscaping (typical)default
$7,500 new × 50% good × 1.86 allocation
- $5,800
Patioslisting
$6,300 new × 50% good × 1.86 allocation
- $14,600
Decks & porches (attached)listing
$15,800 new × 50% good × 1.86 allocation
- $173,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,800 new × 62% good × 1.86 allocation
- $15,700
Building plumbing & fixturesdefault
$15,700 new × 54% good × 1.86 allocation
- $15,000
Building electrical & lightingdefault
$15,000 new × 54% good × 1.86 allocation
- $11,700
HVACdefault
$15,800 new × 40% good × 1.86 allocation
- $2,000
Fireplacelisting
$2,600 new × 40% good × 1.86 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $54,800 | $34,600 | $200 | $89,600 |
| 2 | $0 | $0 | $5,600 | $5,600 |
| 3 | $0 | $0 | $5,600 | $5,600 |
| 4 | $0 | $0 | $5,600 | $5,600 |
| 5 | $0 | $0 | $5,600 | $5,600 |
| 6+ | $0 | $0 | $195,500 | $195,500 |
| Total | $54,800 | $34,600 | $218,100 | $307,500 |
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.