STR Yield
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Rate 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

657 W Valley Blvd

657 W Valley Blvd

Big Bear City, CA 92314

$325,000

2 bd · 1.5 ba · 1,040 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1978

Sqft

1,040

Lot sqft

5,001

HOA / mo

$0

Furnished

No

List date

2026-11-01T01:24:00.000000Z

Revenue

Annual revenue

$30,314

ADR

$223

Occupancy

37%

Cleaning fees (12 mo)

$6,634

Confidence

Low (43.06), 50 comps

Comp revenue range (p25 / median / p75)

$14,824$28,840$41,533

Median revenue of shown comps: $28,840

  • Fish, Hike & Explore: Cabin w/ Yard in Big Bear

    Cabin · 2 bd · 1 ba · sleeps 4 · 89 ft

    • Wifi
    • Kitchen
    • Fireplace

    Revenue $13,347ADR $189Occ ≈ 19%4.8★ (18)

    AirbnbVrboBooking

  • Walk to Oktoberfest- AC•BBQ•Flat Lot•Pets•Family

    Cabin · 2 bd · 1 ba · sleeps 5 · 308 ft

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

    Revenue $5,397ADR $193Occ ≈ 8%5★ (5)

    Airbnb

  • Jay Bird Landing Escape at Big Bear- Hot Tub-

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 449 ft

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

    Revenue $49,312ADR $423Occ ≈ 32%4.8★ (25)

    AirbnbVrboBooking

  • Jay bird landing escape #2308

    Vacation home · 2 bd · 1 ba · sleeps 6 · 505 ft

    Revenue $56,369ADR $466Occ ≈ 33%—

    Booking

  • Jay Bird Landing Escape at Big Bear- Hot Tub-

    Chalet · 2 bd · 2 ba · sleeps 6 · 505 ft

    Revenue $63,923ADR $541Occ ≈ 32%4.5★ (1)

    Booking

  • Charming Cabin Near Lake, Slopes & Village

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

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

    Revenue $30,648ADR $225Occ ≈ 37%2.6★ (3)

    AirbnbVrboBooking

  • Tibetan Theme Cozy Cabin Minutes 2 Slopes +Hot Tub

    Cabin · 2 bd · 1 ba · sleeps 5 · 509 ft

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +1

    Revenue $25,664ADR $206Occ ≈ 34%4.7★ (218)

    AirbnbVrbo

  • Stōkhaus A-frame | Retro Retreat + Hot Tub

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

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

    Revenue $43,677ADR $307Occ ≈ 39%5★ (334)

    Airbnb

  • The Blue Cabin

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

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $24,123ADR $143Occ ≈ 46%4.9★ (48)

    Airbnb

  • Cozy Cabin located near Slopes- close to stores

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

    • Free parking
    • Wifi
    • Kitchen
    • Fireplace

    Revenue $6,557ADR $151Occ ≈ 12%4.7★ (192)

    AirbnbVrbo

Show 40 more
  • Bright & Airy Mountain Escape Surrounded by Pines

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $26,904ADR $266Occ ≈ 28%5★ (5)

    AirbnbBooking

  • Newly refurbished cabin near snow play and ski slopes.Comfortable and welcoming.

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

    Revenue $1,198ADR $299Occ ≈ 1%—

    Delisted

  • THE OHANA at BIG BEAR

    Cabin · 2 bd · 1 ba · sleeps 7 · 0.1 mi

    Revenue $14,850ADR $192Occ ≈ 21%4.3★ (3)

    Delisted

  • Pets/Fenced yard/WiFi/TVs/Projector/deck/Fireplace

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

    Revenue $29,911ADR $192Occ ≈ 43%4.8★ (50)

    AirbnbBooking

  • Big Bear Cozy Cabin

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $26,595ADR $173Occ ≈ 42%4.8★ (119)

    Airbnb

  • Modern Grizzly Basin Spa · Firepit · Pet Friendly

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

    • Hot tub
    • Pets OK
    • Wifi
    • Kitchen
    • +2

    Revenue $47,454ADR $323Occ ≈ 40%4.8★ (89)

    AirbnbVrboBooking

  • Cedarwood | New Hot Tub + By Lake+Fenced Yard

    Cabin · 2 bd · 1.5 ba · sleeps 8 · 0.2 mi

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

    Revenue $64,819ADR $206Occ ≈ 86%5★ (595)

    AirbnbVrbo

  • Cozy mid-century cabin minutes from hiking trails

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

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

    Revenue $56,797ADR $207Occ ≈ 75%5★ (226)

    Airbnb

  • Cabin Stay Fenced Backyard, Walk to Oktoberfest

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $19,204ADR $184Occ ≈ 29%5★ (56)

    AirbnbVrbo

  • A-Frame Chalet | New Hot Tub+ Fire Pit

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $33,345ADR $256Occ ≈ 36%5★ (67)

    Airbnb

  • Charming cabin in the woods

    Cabin · 2 bd · 1.5 ba · sleeps 8 · 0.2 mi

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

    Revenue $9,257ADR $217Occ ≈ 12%5★ (7)

    Airbnb

  • Big Bear Storybook A-Frame - Cozy, Fireplace, Yard

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $29,635ADR $285Occ ≈ 28%4.8★ (192)

    AirbnbVrbo

  • Rancho Pines I 1965 Ski +Hike+Hot Tub

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

    • Hot tub
    • Free parking
    • Wifi
    • Kitchen
    • +1

    Revenue $40,247ADR $232Occ ≈ 48%5★ (210)

    Airbnb

  • Big Bear Hideaway | Hot Tub, Fire Pit & Cozy Vibes

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

    Revenue $6,487ADR $554Occ ≈ 3%5★ (10)

    Airbnb

  • Cabin in Big Bear • Pets • Hot Tub • Fireplace

    House · 2 bd · 1 ba · sleeps 5 · 0.2 mi

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

    Revenue $42,078ADR $227Occ ≈ 51%4.8★ (176)

    AirbnbVrboBooking

  • Hot Tub + Fire Pit | Fenced Yard

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

    Revenue $14,815ADR $265Occ ≈ 15%4.5★ (17)

    AirbnbBooking

  • Highbearnation Cabin, 1 Night Free!

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

    Revenue $11,572ADR $280Occ ≈ 11%4.4★ (18)

    Airbnb

  • Cozy Cabin

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $29,835ADR $130Occ ≈ 63%4.7★ (362)

    Airbnb

  • The Blue Cottage, Big Bear

    House · 2 bd · 1 ba · sleeps 8 · 0.2 mi

    Revenue $28,045ADR $197Occ ≈ 39%5★ (77)

    Delisted

  • 4.9 STARS Bee Hive Cabin Spa $0 Pet Fees Fireplace

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

    Revenue $48,106ADR $273Occ ≈ 48%4.9★ (326)

    Delisted

  • Cozy Cabin with Hot Tub

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $33,915ADR $196Occ ≈ 47%4.8★ (253)

    AirbnbVrbo

  • Sand Meets Snow - Pets are welcome! (Remodeled)

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $27,693ADR $133Occ ≈ 57%4.7★ (22)

    AirbnbVrbo

  • Family-Friendly Cabin w/ Deck & Fenced Yard

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

    Revenue $11,088ADR $194Occ ≈ 16%5★ (1)

    AirbnbBooking

  • THE OHANA at BIG BEAR

    Cabin · 2 bd · 1 ba · sleeps 7 · 0.2 mi

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

    Revenue $25,908ADR $272Occ ≈ 26%4.8★ (171)

    AirbnbVrboBooking

  • Vitamin Bear: Cozy Cabin + Hot Tub + Fenced Yard

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

    • Hot tub
    • Free parking
    • Pets OK
    • Wifi
    • +5

    Revenue $54,575ADR $251Occ ≈ 60%5★ (153)

    AirbnbVrbo

  • Sugar Bear Cabin Big Bear

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

    Revenue $3,490ADR $145Occ ≈ 7%4★ (8)

    Delisted

  • Sherwood Cabin-2bed+Loft

    House · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    • Free parking
    • Wifi
    • Kitchen
    • Fireplace

    Revenue $9,557ADR $325Occ ≈ 8%4.3★ (10)

    AirbnbVrbo

  • 🐻 Cozy Big Bear Cabin with big gated backyard 🐶

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $11,935ADR $188Occ ≈ 17%4.7★ (195)

    Airbnb

  • Modern Rustic Farmhouse Cabin - Big Bear Lake, CA

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $38,926ADR $164Occ ≈ 65%5★ (382)

    Airbnb

  • Summer Retreat • Near Village & Lake • HotTub

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $36,586ADR $322Occ ≈ 31%5★ (233)

    AirbnbVrbo

  • Rancho Relaxo

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

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

    Revenue $31,997ADR $182Occ ≈ 48%5★ (53)

    AirbnbVrbo

  • Fireside Chalet ~ Cozy 2 bedroom with EV Charger

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $42,815ADR $340Occ ≈ 35%5★ (57)

    Airbnb

  • Raspberry Forest Retreat | Fenced Yard + Fire Pit

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

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

    Revenue $34,679ADR $293Occ ≈ 32%5★ (186)

    Airbnb

  • Mountain Bear Escape

    House · 2 bd · 1 ba · sleeps 6 · 0.2 mi

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

    Revenue $22,724ADR $202Occ ≈ 31%4.5★ (64)

    AirbnbVrbo

  • Winding Pines Chalet

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

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

    Revenue $25,241ADR $329Occ ≈ 21%5★ (29)

    AirbnbVrboBooking

  • Rainbow Retreat 2 Bedroom 1 Bath Free WiFi

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

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

    Revenue $41,962ADR $317Occ ≈ 36%4.8★ (148)

    AirbnbVrbo

  • Newly Renovated, Modern, Pine & Peak Cabin, 6 cars

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.3 mi

    • A/C
    • Free parking
    • Pets OK
    • Wifi
    • +2

    Revenue $14,980ADR $144Occ ≈ 29%4.8★ (31)

    Airbnb

  • THE LIONS DEN

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $6,555ADR $371Occ ≈ 5%4.8★ (37)

    Airbnb

  • 2 Bedroom Cottage & Entertainment Room W/ Wifi

    Cottage · 2 bd · 1.5 ba · sleeps 5 · 0.3 mi

    • Free parking
    • Pets OK
    • Wifi
    • EV charger
    • +1

    Revenue $30,994ADR $123Occ ≈ 69%4.7★ (94)

    Airbnb

  • Cozy Retreat | BBQ•Fire Pit•Pets•Fenced Yard•Games

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

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

    Revenue $42,386ADR $157Occ ≈ 74%5★ (62)

    Airbnb

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 7.99% = 7.24% Freddie Mac 30-yr avg (Oct 29) + 0.75% investor premium

Est. revenue

$30,314

NOI

$12,394

Cash flow /mo

-$754

Cash needed

$110,250

Cash-on-cash

-8.2%

ROE (yr 1)

2.5%

Cap rate

3.8%

DSCR

0.58

Year-1 write-off

$89,649

Year-1 tax shield @ 32%

$28,688

Year-1 return on equity

  • Cash flow (annual)-$9,049
  • Principal paydown$2,040
  • Appreciation at%$9,750
ROE2.5%

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)$6,063
  • Platform fees (3% of revenue)$909
  • Maintenance / capex (5% of revenue)$1,516
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,418
  • Insurance (STR-rated)$1,658

Cash needed to close

  • Down payment (25%)$81,250
  • Closing costs (4.0%)$13,000
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$28,688

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

$260,000

Short-life (5/15-yr)

$73,000 · 28%

Year-1 deduction

$90,000

Year-1 tax shield @ 32%

$29,000

Land 20% (county tax record, assessed value split) · building $187,000 over 39 years · new furniture $16,000

Based on: 1,040 sq ft, built 1978, 2 bd / 1.5 ba, unfurnished, listing features (fence, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $67,000 in year 1 (20% short-life, $21,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$57,700
  • Kitchen cabinetsdefault

    $8,100 new × 40% good × 2.99 allocation

    $9,700
  • Kitchen countertopsdefault

    $6,600 new × 40% good × 2.99 allocation

    $7,900
  • Decorative trimdefault

    $1,800 new × 40% good × 2.99 allocation

    $2,200
  • Mirrorsdefault

    $200 new × 40% good × 2.99 allocation

    $200
  • Shelvingdefault

    $900 new × 40% good × 2.99 allocation

    $1,100
  • Window coverings (10)default

    $2,500 new × 40% good × 2.99 allocation

    $3,000
  • Kitchen & laundry equipment plumbingdefault

    $6,300 new × 40% good × 2.99 allocation

    $7,500
  • Kitchen, laundry & data equipment electricaldefault

    $3,800 new × 40% good × 2.99 allocation

    $4,600
  • Appliances (range, microwave, refrigerator)listing

    $4,700 new × 40% good × 2.99 allocation

    $5,600
  • Furniture bought newlisting

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

    $16,000
15-year land improvements$31,700
  • Paving: driveway & walks (paved)listing

    $6,700 new × 50% good × 2.99 allocation

    $10,000
  • Landscaping (typical)default

    $6,400 new × 50% good × 2.99 allocation

    $9,600
  • Patiosdefault

    $1,000 new × 50% good × 2.99 allocation

    $1,500
  • Decks & porches (attached)default

    $1,000 new × 50% good × 2.99 allocation

    $1,500
  • Fencinglisting

    $6,000 new × 50% good × 2.99 allocation

    $9,000
Building, 39-year$186,600
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $112,600 new × 40% good × 2.99 allocation

    $134,900
  • Building plumbing & fixturesdefault

    $11,600 new × 40% good × 2.99 allocation

    $13,900
  • Building electrical & lightingdefault

    $10,500 new × 40% good × 2.99 allocation

    $12,500
  • HVACdefault

    $11,700 new × 40% good × 2.99 allocation

    $14,000
  • Hardwood & tile floorsdefault

    $6,700 new × 40% good × 2.99 allocation

    $8,000
  • Fireplacelisting

    $2,600 new × 40% good × 2.99 allocation

    $3,200

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$57,700$31,700$200$89,600
2$0$0$4,800$4,800
3$0$0$4,800$4,800
4$0$0$4,800$4,800
5$0$0$4,800$4,800
6+$0$0$167,200$167,200
Total$57,700$31,700$186,600$276,000

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.