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Rate 7.86% = 7.11% Freddie Mac 30-yr avg (Nov 12) + 0.75% investor premium

1132 Crags Ln

1132 Crags Ln

Fawnskin, CA 92333

$349,900

3 bd · 2 ba · 1,024 sqft · Listed 68d ago

View on Realtor.com →
Low confidenceEst. land %Negative cash flow

Year built

1964

Sqft

1,024

Lot sqft

9,074

HOA / mo

$0

Furnished

No

List date

2026-09-06T20:37:13.000000Z

Revenue

Annual revenue

$29,750

ADR

$432

Occupancy

19%

Cleaning fees (12 mo)

$5,288

Confidence

Low (24.59), 22 comps

Comp revenue range (p25 / median / p75)

$16,423$26,045$48,465

Median revenue of shown comps: $24,949

  • Blue Jay Cottage: Fawnskin!Guest Quarters!Vintage!

    House · 3 bd · 2 ba · sleeps 6 · 390 ft

    • Wifi
    • Kitchen
    • Fireplace
    • View

    Revenue $7,089ADR $239Occ ≈ 8%4.4★ (62)

    AirbnbVrbo

  • Blue Dreams - Fawnskin Retreat in Big Bear

    Cabin · 3 bd · 1.5 ba · sleeps 7 · 420 ft

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +2

    Revenue $18,898ADR $658Occ ≈ 8%3.6★ (3)

    AirbnbVrboBooking

  • Fawnskin Gem | Deck, Firepit & Backyard

    House · 3 bd · 2.5 ba · sleeps 8 · 502 ft

    Revenue $0ADR $0Occ ≈ ——

    Delisted

  • Sueños Azules- Fawnskin Retreat Cottage in Big Bear

    Vacation home · 3 bd · 2 ba · sleeps 7 · 505 ft

    Revenue $61,456ADR $850Occ ≈ 20%—

    Booking

  • Postcard Mountain Retreat: Scenic Views & Hot Tub!

    Cabin · 3 bd · 2 ba · sleeps 6 · 509 ft

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

    Revenue $48,465ADR $354Occ ≈ 38%5★ (30)

    AirbnbVrboBooking

  • Pinglewood Cabin in Fawnskin-

    Cabin · 3 bd · 1 ba · sleeps 7 · 0.1 mi

    Revenue $17,759ADR $273Occ ≈ 18%4.8★ (18)

    Booking

  • Fawnskin Gem | Deck, Firepit & Backyard

    House · 3 bd · 2.5 ba · sleeps 8 · 0.1 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $29,790ADR $382Occ ≈ 21%4.5★ (9)

    AirbnbVrboBooking

  • Navigate Stays Cabin w Firepit & Mountain Views

    House · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $10,205ADR $270Occ ≈ 10%4.7★ (13)

    Booking

  • Pleasant Pause Fawnskin- Lakeside Family Retreat

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +2

    Revenue $23,852ADR $634Occ ≈ 10%4.5★ (2)

    AirbnbVrboBooking

  • Pleasant Pause Family Retreat | Across from Lake | Fawnskin, Big Bear

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $12,887ADR $416Occ ≈ 8%—

    Booking

Show 12 more
  • Authentic Pet-Friendly Cabin Retreat Nestled Among the Pines

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $6,881ADR $3,154Occ ≈ 1%—

    Booking

  • Walk to Lake: Rustic Home w/ Deck in Fawnskin

    House · 3 bd · 1.5 ba · sleeps 6 · 0.2 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +1

    Revenue $17,247ADR $204Occ ≈ 23%4.4★ (90)

    AirbnbVrboBooking

  • NEW Hot Tub! VIEW-Walk to Marina. Close Slopes FC

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

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

    Revenue $16,423ADR $567Occ ≈ 8%4.6★ (57)

    AirbnbVrboBooking

  • Escape noise and reset serene Big Bear retreat

    House · 3 bd · 2 ba · sleeps 8 · 0.2 mi

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

    Revenue $611ADR $611Occ ≈ 0%5★ (1)

    Airbnb

  • The Fawnskin Hideaway+ Lake View + BBQ/Patio!

    House · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi

    • Wifi
    • Washer

    Revenue $31,043ADR $266Occ ≈ 32%4.2★ (5)

    AirbnbVrboBooking

  • Lakeview mountain retreat

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +2

    Revenue $58,001ADR $998Occ ≈ 16%5★ (1)

    AirbnbVrboBooking

  • Vivienda De Osos Walk to the Lake Spacious Fawnskin Retreat Chalet

    Vacation home · 3 bd · 3 ba · sleeps 10 · 0.3 mi

    Revenue $52,122ADR $865Occ ≈ 17%—

    Booking

  • Fawnskin Modern | Lake Views, Deck, BBQ

    House · 3 bd · 3 ba · sleeps 8 · 0.4 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +2

    Revenue $60,005ADR $520Occ ≈ 32%5★ (22)

    AirbnbVrboBooking

  • Lakefront Oasis

    Chalet · 3 bd · 3 ba · sleeps 6 · 0.4 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +6

    Revenue $45,299ADR $474Occ ≈ 26%4.8★ (63)

    AirbnbVrboBooking

  • Idle Ours Cabin ~ Rustic and Cozy Cabin with Fireplace & Private BBQ - Walk to Big Bear Lake

    Vacation home · 3 bd · 1 ba · sleeps 6 · 0.5 mi

    Revenue $47,554ADR $481Occ ≈ 27%—

    Booking

  • Panoramic Lake Views, Hot Tub, Game Room, Fire Pit

    House · 3 bd · 2 ba · sleeps 10 · 0.5 mi

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

    Revenue $85,745ADR $544Occ ≈ 43%4.8★ (18)

    AirbnbVrboBooking

  • Fireplace + Game Room + Panoramic Lake Views

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    • Free parking
    • Wifi
    • Kitchen
    • Washer
    • +2

    Revenue $26,045ADR $460Occ ≈ 16%4.2★ (23)

    AirbnbVrboBooking

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 7.86% = 7.11% Freddie Mac 30-yr avg (Nov 12) + 0.75% investor premium

Est. revenue

$29,750

NOI

$11,587

Cash flow /mo

-$934

Cash needed

$120,971

Cash-on-cash

-9.3%

ROE (yr 1)

1.3%

Cap rate

3.3%

DSCR

0.51

Year-1 write-off

$99,447

Year-1 tax shield @ 32%

$31,823

Year-1 return on equity

  • Cash flow (annual)-$11,214
  • Principal paydown$2,254
  • Appreciation at%$10,497
ROE1.3%

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)$5,950
  • Platform fees (3% of revenue)$893
  • Maintenance / capex (5% of revenue)$1,488
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,374
  • Insurance (STR-rated)$1,784

Cash needed to close

  • Down payment (25%)$87,475
  • Closing costs (4.0%)$13,996
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$31,823

No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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

$245,000

Short-life (5/15-yr)

$79,000 · 32%

Year-1 deduction

$99,000

Year-1 tax shield @ 32%

$32,000

Land 30% (market default, no usable tax-record split) · building $166,000 over 39 years · new furniture $20,000

Based on: 1,024 sq ft, built 1964, 3 bd / 2 ba, unfurnished, listing features (deck, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $62,000 in year 1 (17% short-life, $20,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$63,300
  • Kitchen cabinetsdefault

    $8,000 new × 40% good × 2.79 allocation

    $9,000
  • Kitchen countertops (stone)listing

    $8,200 new × 40% good × 2.79 allocation

    $9,200
  • Decorative trimdefault

    $1,800 new × 40% good × 2.79 allocation

    $2,000
  • Mirrorsdefault

    $300 new × 40% good × 2.79 allocation

    $300
  • Shelvingdefault

    $1,200 new × 40% good × 2.79 allocation

    $1,300
  • Window coverings (10)default

    $2,500 new × 40% good × 2.79 allocation

    $2,800
  • Carpet, vinyl & laminate (67% of floors)listing

    $4,400 new × 40% good × 2.79 allocation

    $4,900
  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 40% good × 2.79 allocation

    $7,000
  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 40% good × 2.79 allocation

    $4,200
  • Appliances (range, dishwasher)listing

    $2,800 new × 40% good × 2.79 allocation

    $3,100
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$35,600
  • Paving: driveway & walks (paved)default

    $6,600 new × 50% good × 2.79 allocation

    $9,200
  • Landscaping (typical)default

    $6,400 new × 50% good × 2.79 allocation

    $8,900
  • Patiosdefault

    $1,000 new × 50% good × 2.79 allocation

    $1,400
  • Decks & porches (attached)listing

    $11,500 new × 50% good × 2.79 allocation

    $16,100
Building, 39-year$165,500
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $110,400 new × 40% good × 2.79 allocation

    $123,100
  • Building plumbing & fixturesdefault

    $11,500 new × 40% good × 2.79 allocation

    $12,800
  • Building electrical & lightingdefault

    $10,300 new × 40% good × 2.79 allocation

    $11,400
  • HVACdefault

    $11,500 new × 40% good × 2.79 allocation

    $12,900
  • Hardwood & tile floorsdefault

    $2,200 new × 40% good × 2.79 allocation

    $2,400
  • Fireplacelisting

    $2,600 new × 40% good × 2.79 allocation

    $2,900

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$63,300$35,600$500$99,400
2$0$0$4,200$4,200
3$0$0$4,200$4,200
4$0$0$4,200$4,200
5$0$0$4,200$4,200
6+$0$0$148,000$148,000
Total$63,300$35,600$165,500$264,400

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.