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

400 Sunrise Way

400 Sunrise Way

Big Bear Lake, CA 92315

$799,900

3 bd · 3 ba · 2,029 sqft · Listed 64d ago

View on Realtor.com →
Low confidenceNegative cash flow

Year built

2001

Sqft

2,029

Lot sqft

12,001

HOA / mo

$0

Furnished

No

List date

2026-09-10T17:32:54.000000Z

Revenue

Annual revenue

$39,760

ADR

$388

Occupancy

28%

Cleaning fees (12 mo)

$7,598

Confidence

Low (32.75), 48 comps

Comp revenue range (p25 / median / p75)

$15,740$32,394$43,961

Median revenue of shown comps: $31,556

  • Mossy Moose Lodge

    House · 3 bd · 2.5 ba · sleeps 10 · 312 ft

    • A/C
    • Free parking
    • Wifi
    • Kitchen
    • +2

    Revenue $23,555ADR $436Occ ≈ 15%4.9★ (10)

    AirbnbBooking

  • Spacious Big Bear Cabin with Hot Tub & Game Room

    House · 3 bd · 3 ba · sleeps 10 · 328 ft

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

    Revenue $9,361ADR $517Occ ≈ 5%4.5★ (2)

    AirbnbVrbo

  • Modern Relaxation at Castle Glen Gem Big Bear Lake

    Chalet · 3 bd · 2.5 ba · sleeps 8 · 345 ft

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

    Revenue $32,394ADR $598Occ ≈ 15%5★ (1)

    AirbnbVrboBooking

  • Sunrise Cabin - Hot Tub, Forest Views, Peaceful

    Cabin · 3 bd · 3 ba · sleeps 8 · 358 ft

    Revenue $79,424ADR $312Occ ≈ 70%5★ (68)

    Delisted

  • Family Cabin, Large Dining and Fireplace

    Cabin · 3 bd · 2 ba · sleeps 6 · 410 ft

    Revenue $39,029ADR $842Occ ≈ 13%4.8★ (3)

    Delisted

  • Hot Tub, Foosball, Deck w/ Ping Pong & BBQ Grill

    Cabin · 3 bd · 2 ba · sleeps 8 · 512 ft

    Revenue $67,612ADR $465Occ ≈ 40%4.7★ (88)

    AirbnbBooking

  • NOZOMI CABIN

    House · 3 bd · 2 ba · sleeps 8 · 515 ft

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

    Revenue $14,362ADR $286Occ ≈ 14%4.8★ (137)

    AirbnbVrbo

  • Castle Glen | Hot Tub | Game Room | Fire Pit | 10

    House · 3 bd · 2 ba · sleeps 10 · 518 ft

    • Hot tub
    • Free parking
    • Wifi
    • Kitchen
    • +5

    Revenue $69,006ADR $494Occ ≈ 38%5★ (77)

    AirbnbVrbo

  • LUX Log Cabin! Game Room! HOT TUB! EV Charger!

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

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

    Revenue $39,363ADR $424Occ ≈ 25%4.9★ (33)

    AirbnbVrbo

  • Modern Relaxation at Castle Glen Gem Big Bear Lake

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $33,050ADR $569Occ ≈ 16%—

    Booking

Show 35 more
  • Mountain Spa Retreat Rustic Charm & Stunning Views

    House · 3 bd · 3.5 ba · sleeps 10 · 0.1 mi

    Revenue $55,794ADR $863Occ ≈ 18%4.8★ (7)

    Delisted

  • Day Dreamers Retreat w/ spa, arcade, piano, & more

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

    Revenue $40,681ADR $559Occ ≈ 20%4.5★ (19)

    AirbnbBooking

  • Ultimate Mountain Hideaway Private Jacuzzi, Outdoor Dining & Unforgettable Views

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

    • Hot tub
    • A/C
    • Free parking
    • Pets OK
    • +5

    Revenue $3,228ADR $403Occ ≈ 2%—

    Vrbo

  • New! Bearadise ~ Log Cabin Overlooking Snow Play

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.1 mi

    Revenue $91,529ADR $422Occ ≈ 59%4.7★ (60)

    Airbnb

  • Big Bear Lake Cabin w/ Hot Tub & Gas Fire Pit!

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.1 mi

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

    Revenue $23,280ADR $542Occ ≈ 12%4.7★ (16)

    AirbnbVrbo

  • Big Bear Lake Cabin w/ Hot Tub & Gas Fire Pit!

    Vacation home · 3 bd · 2 ba · sleeps 10 · 0.1 mi

    Revenue $21,526ADR $652Occ ≈ 9%5★ (1)

    Booking

  • Custom Cabin w/Jacuzzi, Pool table, & Game Room

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.1 mi

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

    Revenue $39,273ADR $837Occ ≈ 13%4.8★ (121)

    AirbnbVrboBooking

  • Timber Lodge 3Bd+2Baths/2King+2Twin in Loft

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $14,559ADR $377Occ ≈ 11%5★ (32)

    Airbnb

  • Bear Creek Charm ~ SPA & Games near Snow Summit

    House · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

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

    Revenue $23,907ADR $350Occ ≈ 19%5★ (14)

    AirbnbVrbo

  • Tall Pines Retreat + Large Patio w/ BBQ & Firepit!

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

    Revenue $15,740ADR $451Occ ≈ 10%—

    AirbnbBooking

  • 5 Minutes From Bear and Summit

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $9,572ADR $533Occ ≈ 5%—

    Delisted

  • COZY BEAR CABIN - near Oktoberfest, bear ski, lake

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

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

    Revenue $14,653ADR $195Occ ≈ 21%4.8★ (232)

    AirbnbVrbo

  • Ski, Boat, & Hike: Big Bear Home w/ Fire Pit!

    House · 3 bd · 2.5 ba · sleeps 6 · 0.2 mi

    Revenue $43,553ADR $258Occ ≈ 46%4.4★ (12)

    AirbnbBooking

  • Dream Moon House + Spa + Game Room + Large Yard!

    House · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

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

    Revenue $50,362ADR $367Occ ≈ 38%4.7★ (18)

    AirbnbVrbo

  • Kenny Cottage of Big Bear City

    House · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $6,128ADR $0Occ ≈ —5★ (1)

    Booking

  • Mountain Paws Retreat-Large deck and backyard

    House · 3 bd · 2 ba · sleeps 6 · 0.2 mi

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

    Revenue $50,609ADR $673Occ ≈ 21%5★ (2)

    AirbnbVrbo

  • Bear Woods 3BR Retreat

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

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

    Revenue $22,752ADR $345Occ ≈ 18%4★ (5)

    AirbnbVrboBooking

  • The Robinhood Retreat!+Walk2Lake+Amazing Patio

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

    • Pets OK
    • Wifi
    • Washer
    • Fireplace

    Revenue $31,556ADR $369Occ ≈ 23%4.6★ (88)

    AirbnbVrbo

  • The Robinhood Retreat!+Walk2Lake+Amazing Patio+A/C

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

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

    Revenue $37,029ADR $329Occ ≈ 31%3.8★ (5)

    AirbnbBooking

  • Cozy Big Bear house NEXT to Slopes, lake, trails!

    House · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $13,524ADR $326Occ ≈ 11%4.8★ (123)

    AirbnbBooking

  • Fireplace, Firepit, BBQ, Oktoberfest, Tubing

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $28,777ADR $350Occ ≈ 23%5★ (52)

    AirbnbVrboBooking

  • Just a Snow Play Away - Big Bear Mountain

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $13,391ADR $315Occ ≈ 12%4.9★ (16)

    Airbnb

  • Hot Tub, Game Room, Pool Table, Air Hockey

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

    Revenue $62,823ADR $737Occ ≈ 23%5★ (4)

    AirbnbBooking

  • Ursa Manor- Spa! Internet! Premium Cable! BBQ!

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

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

    Revenue $22,384ADR $323Occ ≈ 19%4.6★ (118)

    AirbnbVrbo

  • Snowy Creek-Mins 2 Tubing Lifts Village Spa DogsOK

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.3 mi

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

    Revenue $38,946ADR $456Occ ≈ 23%5★ (50)

    Airbnb

  • Lucky Bear - Oktoberfest Time! Spa, Game Room+

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $13,568ADR $283Occ ≈ 13%5★ (14)

    Airbnb

  • Under the Stars, 1 Night Free!

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $23,704ADR $379Occ ≈ 17%5★ (84)

    AirbnbVrboBooking

  • Free 11AM Check-in, 4PM Check-out! Sleeps 8!

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi

    Revenue $35,071ADR $229Occ ≈ 42%5★ (80)

    Delisted

  • Starlight Vistas-1524 by Big Bear Vacations

    Vacation home · 3 bd · 3 ba · sleeps 8 · 0.3 mi

    Revenue $43,961ADR $2,135Occ ≈ 6%—

    Booking

  • The Cozy Castle at Big Bear- Games

    Vacation home · 3 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $77,009ADR $1,378Occ ≈ 15%—

    Booking

  • The Cozy Cottage#2384

    Vacation home · 3 bd · 2 ba · sleeps 10 · 0.3 mi

    Revenue $89,612ADR $1,493Occ ≈ 16%—

    Booking

  • Starlight Vistas | Lake Views + Gas Fireplace

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi

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

    Revenue $18,779ADR $333Occ ≈ 15%3.6★ (6)

    AirbnbVrboBooking

  • Cozy Chic Sherwood Enclave.

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $12,931ADR $174Occ ≈ 20%4.9★ (187)

    Delisted

  • Bearfoot Chalet. Smart Cabin. BBQ. EV Charger. Spa

    House · 3 bd · 2 ba · sleeps 8 · 0.3 mi

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

    Revenue $32,730ADR $523Occ ≈ 17%5★ (78)

    AirbnbVrbo

  • Country Club Chalet in Big Bear

    House · 3 bd · 2 ba · sleeps 9 · 0.3 mi

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

    Revenue $24,212ADR $285Occ ≈ 23%4.5★ (163)

    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

$39,760

NOI

$11,549

Cash flow /mo

-$3,381

Cash needed

$251,471

Cash-on-cash

-16.1%

ROE (yr 1)

-4.5%

Cap rate

1.4%

DSCR

0.22

Year-1 write-off

$174,685

Year-1 tax shield @ 32%

$55,899

Year-1 return on equity

  • Cash flow (annual)-$40,575
  • Principal paydown$5,152
  • Appreciation at%$23,997
ROE-4.5%

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)$7,952
  • Platform fees (3% of revenue)$1,193
  • Maintenance / capex (5% of revenue)$1,988
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$9,999
  • Insurance (STR-rated)$4,079

Cash needed to close

  • Down payment (25%)$199,975
  • Closing costs (4.0%)$31,996
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$55,899

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

$640,000

Short-life (5/15-yr)

$154,000 · 24%

Year-1 deduction

$175,000

Year-1 tax shield @ 32%

$56,000

Land 20% (county tax record, assessed value split) · building $486,000 over 39 years · new furniture $20,000

Based on: 2,029 sq ft, built 2001, 3 bd / 3 ba, unfurnished, listing features (hot tub, deck, fence, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $110,000 in year 1 (14% short-life, $35,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$100,300
  • Kitchen cabinetsdefault

    $10,200 new × 40% good × 2.96 allocation

    $12,100
  • Kitchen countertops (stone)listing

    $10,500 new × 40% good × 2.96 allocation

    $12,400
  • Decorative trimdefault

    $3,600 new × 40% good × 2.96 allocation

    $4,200
  • Mirrorsdefault

    $500 new × 40% good × 2.96 allocation

    $500
  • Shelvingdefault

    $1,200 new × 40% good × 2.96 allocation

    $1,400
  • Window coverings (20)default

    $5,000 new × 40% good × 2.96 allocation

    $5,900
  • Carpet, vinyl & laminate (50% of floors)listing

    $6,500 new × 40% good × 2.96 allocation

    $7,700
  • Kitchen & laundry equipment plumbingdefault

    $8,000 new × 50% good × 2.96 allocation

    $11,800
  • Kitchen, laundry & data equipment electricaldefault

    $4,800 new × 50% good × 2.96 allocation

    $7,100
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 2.96 allocation

    $6,800
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 2.96 allocation

    $10,700
  • Furniture bought newlisting

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

    $19,500
15-year land improvements$72,800
  • Paving: driveway & walks (paved)listing

    $9,300 new × 50% good × 2.96 allocation

    $13,800
  • Landscaping (typical)default

    $9,000 new × 50% good × 2.96 allocation

    $13,300
  • Patiosdefault

    $2,000 new × 50% good × 2.96 allocation

    $3,000
  • Decks & porches (attached)listing

    $22,800 new × 50% good × 2.96 allocation

    $33,800
  • Fencinglisting

    $6,000 new × 50% good × 2.96 allocation

    $8,900
Building, 39-year$486,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $220,000 new × 58% good × 2.96 allocation

    $380,400
  • Building plumbing & fixturesdefault

    $22,800 new × 50% good × 2.96 allocation

    $33,800
  • Building electrical & lightingdefault

    $23,000 new × 50% good × 2.96 allocation

    $34,100
  • HVACdefault

    $22,900 new × 40% good × 2.96 allocation

    $27,100
  • Hardwood & tile floorsdefault

    $6,500 new × 40% good × 2.96 allocation

    $7,700
  • Fireplacelisting

    $2,600 new × 40% good × 2.96 allocation

    $3,100

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$100,300$72,800$1,600$174,700
2$0$0$12,500$12,500
3$0$0$12,500$12,500
4$0$0$12,500$12,500
5$0$0$12,500$12,500
6+$0$0$434,900$434,900
Total$100,300$72,800$486,300$659,400

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.