
437 Booth Way
Big Bear City, CA 92314
$215,000
2 bd · 1 ba · Listed 4d ago
View on Realtor.com →Year built
1954
Sqft
—
Lot sqft
5,700
HOA / mo
None
Furnished
No
List date
2026-11-08T21:08:07.000000Z
Revenue
Annual revenue
$26,349
ADR
$211
Occupancy
34%
Cleaning fees (12 mo)
$5,617
Confidence
Low (39.12), 48 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $21,763


Big Bear Quonset Lodge-Dog Friendly
Cabin · 2 bd · 1 ba · sleeps 4 · 223 ft
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $11,450ADR $188Occ ≈ 17%5★ (335)


"Grin & Bear It" Cozy Cabin 2BR/1.5BA
Cabin · 2 bd · 1.5 ba · sleeps 6 · 295 ft
- Free parking
- Wifi
- Kitchen
- Washer
- +1
Revenue $16,781ADR $173Occ ≈ 27%4.8★ (85)

2 Mi to Big Bear Lake: Cabin w/ Game Room
Cabin · 2 bd · 1 ba · sleeps 6 · 335 ft
Revenue $37,359ADR $311Occ ≈ 33%4.6★ (22)


Cozy Mountain Hygge: A Beautiful Cabin with Spa!
Cabin · 2 bd · 2 ba · sleeps 4 · 449 ft
- Hot tub
- Free parking
- Pets OK
- Wifi
- +3
Revenue $590ADR $234Occ ≈ 1%5★ (6)


BIG BEAR COZY DEN - Comfort in the Mountains Free WiFi & Cozy Vibes...
Cabin · 2 bd · 1 ba · sleeps 6 · 0.1 mi
- Free parking
- Wifi
- Kitchen
- Fireplace
Revenue $9,777ADR $223Occ ≈ 12%4.7★ (11)

| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
![]() East of Paradise Cabin
| 2 bd · 1 ba · sleeps 4 | $1,452 | $207 | 2% | 5★ (1) | 203 ft | AirbnbVrbo |
![]() Big Bear Quonset Lodge-Dog Friendly Cabin
| 2 bd · 1 ba · sleeps 4 | $11,450 | $188 | 17% | 5★ (335) | 223 ft | Airbnb |
![]() Relaxing Cabin w/ Hot Tub & Large Yard House
| 2 bd · 1 ba · sleeps 6 | $13,510 | $264 | 14% | 4.7★ (14) | 236 ft | AirbnbVrboBooking |
![]() "Grin & Bear It" Cozy Cabin 2BR/1.5BA Cabin
| 2 bd · 1.5 ba · sleeps 6 | $16,781 | $173 | 27% | 4.8★ (85) | 295 ft | Airbnb |
![]() 2 Mi to Big Bear Lake: Cabin w/ Game Room Cabin | 2 bd · 1 ba · sleeps 6 | $37,359 | $311 | 33% | 4.6★ (22) | 335 ft | Airbnb |
![]() Mountain Escape w/ Fireplace, BBQ, & Fenced Yard House
| 2 bd · 2 ba · sleeps 6 | $18,375 | $248 | 20% | 5★ (11) | 384 ft | AirbnbVrboBooking |
![]() Cozy Mountain Hygge: A Beautiful Cabin with Spa! Cabin
| 2 bd · 2 ba · sleeps 4 | $590 | $234 | 1% | 5★ (6) | 449 ft | Airbnb |
![]() Heart & Snow Mountain Cabin. Pet Friendly! House
| 2 bd · 1 ba · sleeps 5 | $28,535 | $146 | 54% | 4.8★ (92) | 502 ft | AirbnbVrbo |
![]() BIG BEAR COZY DEN - Comfort in the Mountains Free WiFi & Cozy Vibes... Cabin
| 2 bd · 1 ba · sleeps 6 | $9,777 | $223 | 12% | 4.7★ (11) | 0.1 mi | Vrbo |
![]() Barrett Cottage | Dog-Friendly | BBQ Grill | Quiet House
| 2 bd · 1 ba · sleeps 5 | $19,373 | $261 | 20% | 4.8★ (66) | 0.1 mi | AirbnbVrbo |
Show 39 more

Tranquil Mountain Cottage with Fenced Yard near Big Bear Lake, Big Bear City, California
Vacation home · 2 bd · 1 ba · sleeps 5 · 0.1 mi
Revenue $5,753ADR $326Occ ≈ 5%—



Emma's Cottage Retreat w/ Foosball + Game Console
Chalet · 2 bd · 1 ba · sleeps 6 · 0.1 mi
Revenue $39,804ADR $436Occ ≈ 25%4.8★ (2)

Cozy Fall Cabin • Fireplace • Fenced Yard • Dogs
Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.1 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $32,740ADR $174Occ ≈ 52%5★ (76)

The Soundwood Retreat- Fire pit, gated backyard
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $3,893ADR $222Occ ≈ 5%3★ (3)





Serenity Summit- NEW Cozy Cabin!
Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Fireplace
Revenue $36,265ADR $168Occ ≈ 59%5★ (19)

Midcentury w/ EV Charger
Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi
Revenue $15,781ADR $175Occ ≈ 25%5★ (23)
Delisted

New! Cabin 2bed 2bth jacuzzi game room EVcharger
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $34,046ADR $321Occ ≈ 29%5★ (55)
Delisted

The Summit at Sherwood #618
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $54,000ADR $550Occ ≈ 27%—

The Summit at Sherwood ~ Dog-friendly cabin with fenced yard, patio, grill, & furnished deck
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $26,699ADR $344Occ ≈ 21%5★ (1)

Cute n Cozy Wooded Big Bear Cabin -Pets,WiFI,Cable
Cabin · 2 bd · 1 ba · sleeps 7 · 0.2 mi
- A/C
- Free parking
- Pets OK
- Wifi
- +3
Revenue $21,763ADR $135Occ ≈ 44%4.8★ (179)

Bernhardt Brown Bungalow #2583
Vacation home · 2 bd · 1 ba · sleeps 5 · 0.2 mi
Revenue $15,549ADR $219Occ ≈ 19%—

Cozy, Child/Pet Friendly w/ Jacuzzi & Firepit!
House · 2 bd · 2 ba · sleeps 4 · 0.2 mi
- Hot tub
- Free parking
- Pets OK
- Wifi
- +4
Revenue $39,784ADR $301Occ ≈ 36%4.9★ (204)

Big Bear Cabin High In The Trees
Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi
- A/C
- Free parking
- Wifi
- Kitchen
- +3
Revenue $19,479ADR $195Occ ≈ 27%4.9★ (177)



Family Cabin Near Slopes | Game Room + EV Charger
House · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Washer
- +3
Revenue $22,964ADR $231Occ ≈ 27%4.8★ (11)

Big Bear's Cozy Den!
Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Fireplace
Revenue $7,764ADR $194Occ ≈ 11%4.8★ (10)

The sweetest retreat for your family & friends!
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Washer
- +1
Revenue $17,266ADR $153Occ ≈ 31%4.7★ (96)

A-Frame • E-Bikes• Kayaks •Hot Tub • Fenced Yard
Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +3
Revenue $48,991ADR $311Occ ≈ 43%5★ (96)



* The Sweet Escape Cabin + Free EV
Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Washer
- +3
Revenue $23,246ADR $216Occ ≈ 29%5★ (186)


Kozy Barn~w/ BBQ, Spa, EV.
Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.3 mi
- Hot tub
- Free parking
- Wifi
- Kitchen
- +3
Revenue $29,250ADR $220Occ ≈ 36%4.9★ (78)



Country Club Cabin ~ Fenced Yard, Dog-friendly cabin in heart of Big Bear with hot tub.
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.3 mi
Revenue $66,503ADR $594Occ ≈ 31%4★ (1)





Designer Cabin + Hot Tub + Fenced Yard
Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $3,241ADR $189Occ ≈ 5%4★ (4)
Delisted

Cozy Cabin in Big Bear - Perfectly Crisp Getaway!
Cabin · 2 bd · 2 ba · sleeps 8 · 0.3 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $39,275ADR $219Occ ≈ 49%5★ (145)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
![]() Tranquil Mountain Cottage with Fenced Yard near Big Bear Lake, Big Bear City, California Vacation home | 2 bd · 1 ba · sleeps 5 | $5,753 | $326 | 5% | — | 0.1 mi | Booking |
![]() Turquoise Bear - Hot Tub, Pet Friendly & Fenced House
| 2 bd · 2 ba · sleeps 6 | $27,465 | $236 | 32% | 5★ (32) | 0.1 mi | AirbnbVrbo |
![]() Navigate Stays Cabin w Fireplace Near Ski Resorts House | 2 bd · 2 ba · sleeps 6 | $31,370 | $267 | 32% | 4.5★ (18) | 0.1 mi | AirbnbBooking |
![]() Emma's Cottage Retreat w/ Foosball + Game Console Chalet | 2 bd · 1 ba · sleeps 6 | $39,804 | $436 | 25% | 4.8★ (2) | 0.1 mi | Booking |
![]() Cozy Fall Cabin • Fireplace • Fenced Yard • Dogs Cabin
| 2 bd · 1.5 ba · sleeps 4 | $32,740 | $174 | 52% | 5★ (76) | 0.1 mi | Airbnb |
![]() The Soundwood Retreat- Fire pit, gated backyard Cabin
| 2 bd · 2 ba · sleeps 6 | $3,893 | $222 | 5% | 3★ (3) | 0.1 mi | Airbnb |
![]() Lake Life Escape! Stunning Big Bear Cabin Cabin
| 2 bd · 2 ba · sleeps 6 | $20,485 | $222 | 25% | 4.7★ (37) | 0.1 mi | AirbnbVrboBooking |
![]() Baby Bear's Hideout Cabin
| 2 bd · 1 ba · sleeps 6 | $29,867 | $224 | 37% | 4.8★ (45) | 0.1 mi | AirbnbVrboBooking |
![]() Storybook,Rustic Log Cabin: Couples/Small Families Cabin
| 2 bd · 1 ba · sleeps 4 | $17,534 | $163 | 29% | 4.9★ (276) | 0.2 mi | AirbnbVrbo |
![]() 2 Mi to Big Bear Lake! Quiet Cabin w/ Yard & Grill Cabin
| 2 bd · 1 ba · sleeps 6 | $7,066 | $174 | 11% | 4.5★ (9) | 0.2 mi | AirbnbVrboBooking |
![]() Serenity Summit- NEW Cozy Cabin! Cabin
| 2 bd · 1 ba · sleeps 6 | $36,265 | $168 | 59% | 5★ (19) | 0.2 mi | Airbnb |
![]() Midcentury w/ EV Charger Cabin | 2 bd · 1.5 ba · sleeps 4 | $15,781 | $175 | 25% | 5★ (23) | 0.2 mi | Delisted |
![]() New! Cabin 2bed 2bth jacuzzi game room EVcharger Cabin | 2 bd · 2 ba · sleeps 6 | $34,046 | $321 | 29% | 5★ (55) | 0.2 mi | Delisted |
![]() The Summit at Sherwood #618 Vacation home | 2 bd · 1 ba · sleeps 4 | $54,000 | $550 | 27% | — | 0.2 mi | Booking |
![]() The Summit at Sherwood ~ Dog-friendly cabin with fenced yard, patio, grill, & furnished deck Vacation home | 2 bd · 1 ba · sleeps 4 | $26,699 | $344 | 21% | 5★ (1) | 0.2 mi | Booking |
![]() Cute n Cozy Wooded Big Bear Cabin -Pets,WiFI,Cable Cabin
| 2 bd · 1 ba · sleeps 7 | $21,763 | $135 | 44% | 4.8★ (179) | 0.2 mi | Airbnb |
![]() Bernhardt Brown Bungalow #2583 Vacation home | 2 bd · 1 ba · sleeps 5 | $15,549 | $219 | 19% | — | 0.2 mi | Booking |
![]() Cozy, Child/Pet Friendly w/ Jacuzzi & Firepit! House
| 2 bd · 2 ba · sleeps 4 | $39,784 | $301 | 36% | 4.9★ (204) | 0.2 mi | Airbnb |
![]() Big Bear Cabin High In The Trees Cabin
| 2 bd · 1 ba · sleeps 6 | $19,479 | $195 | 27% | 4.9★ (177) | 0.2 mi | Airbnb |
![]() Cabin | A/C, wood-burning fireplace, pet friendly Cabin
| 2 bd · 1 ba · sleeps 5 | $40,207 | $155 | 71% | 5★ (175) | 0.2 mi | AirbnbVrbo |
![]() Maverick's Cabin - HotTub, GameRm, Firepit, fenced Cabin
| 2 bd · 2 ba · sleeps 6 | $20,019 | $209 | 26% | 4.7★ (16) | 0.2 mi | AirbnbVrboBooking |
![]() Family Cabin Near Slopes | Game Room + EV Charger House
| 2 bd · 2 ba · sleeps 6 | $22,964 | $231 | 27% | 4.8★ (11) | 0.2 mi | Airbnb |
![]() Big Bear's Cozy Den! Cabin
| 2 bd · 1 ba · sleeps 6 | $7,764 | $194 | 11% | 4.8★ (10) | 0.2 mi | Airbnb |
![]() The sweetest retreat for your family & friends! Cabin
| 2 bd · 2 ba · sleeps 6 | $17,266 | $153 | 31% | 4.7★ (96) | 0.2 mi | Airbnb |
![]() A-Frame • E-Bikes• Kayaks •Hot Tub • Fenced Yard Cabin
| 2 bd · 1 ba · sleeps 4 | $48,991 | $311 | 43% | 5★ (96) | 0.2 mi | Airbnb |
![]() Bernhardt Brown Bungalow at Big Bear | Cozy Cabin| Cabin
| 2 bd · 1 ba · sleeps 5 | $10,614 | $169 | 17% | 4.8★ (4) | 0.2 mi | AirbnbVrboBooking |
![]() Cozy Family Cabin Getaway BBL Cabin | 2 bd · 1 ba · sleeps 6 | $27,941 | $287 | 27% | 4.5★ (4) | 0.2 mi | AirbnbBooking |
![]() * The Sweet Escape Cabin + Free EV Cabin
| 2 bd · 1.5 ba · sleeps 6 | $23,246 | $216 | 29% | 5★ (186) | 0.2 mi | Airbnb |
![]() Near Snow Play | Fireplace + Fenced Yard Cabin
| 2 bd · 2 ba · sleeps 6 | $17,009 | $204 | 23% | 5★ (5) | 0.3 mi | AirbnbVrboBooking |
![]() Kozy Barn~w/ BBQ, Spa, EV. Cabin
| 2 bd · 1.5 ba · sleeps 6 | $29,250 | $220 | 36% | 4.9★ (78) | 0.3 mi | Airbnb |
![]() Country Club Cabin ~ Fenced Yard, Dog-friendly, AC Cabin
| 2 bd · 1 ba · sleeps 4 | $29,647 | $409 | 20% | 4.7★ (6) | 0.3 mi | AirbnbVrbo |
![]() Barker Cottage: Hot Tub, Shuffleboard, Firepit House
| 2 bd · 2 ba · sleeps 6 | $45,799 | $221 | 57% | 4.8★ (96) | 0.3 mi | AirbnbVrbo |
![]() Country Club Cabin ~ Fenced Yard, Dog-friendly cabin in heart of Big Bear with hot tub. Vacation home | 2 bd · 1 ba · sleeps 4 | $66,503 | $594 | 31% | 4★ (1) | 0.3 mi | Booking |
![]() Comfy Cozy Cabin with a big yard in Big Bear Cabin
| 2 bd · 2 ba · sleeps 6 | $11,925 | $266 | 12% | 5★ (279) | 0.3 mi | AirbnbVrbo |
![]() Cozy 2 bedroom, Smart TV, BBQ Cabin | 2 bd · 1 ba · sleeps 4 | $23,891 | $234 | 28% | 4.8★ (43) | 0.3 mi | AirbnbBooking |
![]() Home Sweet Cabin with Hot Tub Cabin
| 2 bd · 1 ba · sleeps 6 | $27,662 | $161 | 47% | 4.9★ (62) | 0.3 mi | AirbnbVrbo |
![]() NEW Cozy Cabin•Dogs•Fireplace•BBQ• Family-friendly Cabin
| 2 bd · 1.5 ba · sleeps 4 | $5,000 | $217 | 6% | 4.5★ (8) | 0.3 mi | AirbnbBooking |
![]() Designer Cabin + Hot Tub + Fenced Yard Cabin | 2 bd · 2 ba · sleeps 6 | $3,241 | $189 | 5% | 4★ (4) | 0.3 mi | Delisted |
![]() Cozy Cabin in Big Bear - Perfectly Crisp Getaway! Cabin
| 2 bd · 2 ba · sleeps 8 | $39,275 | $219 | 49% | 5★ (145) | 0.3 mi | 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
Rate 7.93% = 7.18% Freddie Mac 30-yr avg (Nov 5) + 0.75% investor premium
Est. revenue
$26,349
NOI
$11,310
Cash flow /mo
-$233
Cash needed
$78,350
Cash-on-cash
-3.6%
ROE (yr 1)
6.4%
Cap rate
5.3%
DSCR
0.80
Year-1 write-off
$54,861
Year-1 tax shield @ 32%
$17,556
Year-1 return on equity
- Cash flow (annual)-$2,794
- Principal paydown$1,366
- Appreciation at%$6,450
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)$5,270
- Platform fees (3% of revenue)$790
- Maintenance / capex (5% of revenue)$1,317
- Utilities & supplies$4,200
- HOA$0
- Property tax$3,753
- Insurance (STR-rated)$1,097
Cash needed to close
- Down payment (25%)$53,750
- Closing costs (4.0%)$8,600
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$17,556
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
$134,000
Short-life (5/15-yr)
$39,000 · 29%
Year-1 deduction
$55,000
Year-1 tax shield @ 32%
$18,000
Land 38% (county tax record, assessed value split) · building $95,000 over 39 years · new furniture $16,000
Based on: ~1,400 sq ft (from beds), built 1954, 2 bd / 1 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: $36,000 in year 1 (15% short-life, $12,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $4,100
Kitchen cabinetsdefault
$8,900 new × 40% good × 1.15 allocation
- $4,200
Kitchen countertops (stone)listing
$9,100 new × 40% good × 1.15 allocation
- $1,100
Decorative trimdefault
$2,500 new × 40% good × 1.15 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 1.15 allocation
- $400
Shelvingdefault
$900 new × 40% good × 1.15 allocation
- $1,600
Window coverings (14)default
$3,500 new × 40% good × 1.15 allocation
- $1,000
Carpet, vinyl & laminate (25% of floors)listing
$2,300 new × 40% good × 1.15 allocation
- $3,200
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 1.15 allocation
- $1,900
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 1.15 allocation
- $2,600
Appliances (range, microwave, refrigerator, dryer)listing
$5,700 new × 40% good × 1.15 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $4,500
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 1.15 allocation
- $4,300
Landscaping (typical)default
$7,500 new × 50% good × 1.15 allocation
- $800
Patiosdefault
$1,400 new × 50% good × 1.15 allocation
- $9,000
Decks & porches (attached)listing
$15,800 new × 50% good × 1.15 allocation
- $69,800
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,900 new × 40% good × 1.15 allocation
- $7,200
Building plumbing & fixturesdefault
$15,700 new × 40% good × 1.15 allocation
- $6,900
Building electrical & lightingdefault
$15,000 new × 40% good × 1.15 allocation
- $7,200
HVACdefault
$15,800 new × 40% good × 1.15 allocation
- $3,100
Hardwood & tile floorsdefault
$6,800 new × 40% good × 1.15 allocation
- $1,200
Fireplacelisting
$2,600 new × 40% good × 1.15 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $36,200 | $18,600 | $100 | $54,900 |
| 2 | $0 | $0 | $2,400 | $2,400 |
| 3 | $0 | $0 | $2,400 | $2,400 |
| 4 | $0 | $0 | $2,400 | $2,400 |
| 5 | $0 | $0 | $2,400 | $2,400 |
| 6+ | $0 | $0 | $85,500 | $85,500 |
| Total | $36,200 | $18,600 | $95,400 | $150,200 |
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.