904 Michael Ave
Big Bear City, CA 92314
$360,000
3 bd · 2 ba · 1,027 sqft · Listed 30d ago
View on Realtor.com →Year built
1968
Sqft
1,027
Lot sqft
5,001
HOA / mo
None
Furnished
No
List date
2026-08-30T21:37:38Z
Revenue
Annual revenue
$23,450
ADR
$196
Occupancy
33%
Cleaning fees (12 mo)
$4,953
Confidence
Low (29.37), 50 comps
Comp revenue range (p25 / median / p75)
Peter Pan Lodge: 3bed/2bath, Fireplace+karaoke
Cabin · 3 bd · 2 ba · sleeps 8 · 157 ft
Revenue $14,934ADR $267Occ ≈ 15%4.9★ (32)
Pixie Dust Pines by Rather Be Properties
Vacation home · 3 bd · 2 ba · sleeps 6 · 157 ft
Revenue $14,303ADR $285Occ ≈ 14%5★ (1)
Family Friendly - Hot Tub - Bonus Living Space
House · 3 bd · 2 ba · sleeps 6 · 522 ft
Revenue $46,659ADR $199Occ ≈ 64%4.8★ (357)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Peter Pan Lodge: 3bed/2bath, Fireplace+karaoke Cabin | 3 bd · 2 ba · sleeps 8 | $14,934 | $267 | 15% | 4.9★ (32) | 157 ft | Airbnb |
Pixie Dust Pines by Rather Be Properties Vacation home | 3 bd · 2 ba · sleeps 6 | $14,303 | $285 | 14% | 5★ (1) | 157 ft | Booking |
Pixie Dust Pines: Whimsical Cabin Retreat House | 3 bd · 2 ba · sleeps 8 | $40,207 | $216 | 51% | 4.8★ (32) | 161 ft | AirbnbVrboBooking |
Lost Boy's Hideout + BBQ + Large Backyard! Cabin | 3 bd · 2 ba · sleeps 8 | $36,613 | $232 | 43% | 3.6★ (3) | 302 ft | AirbnbVrboBooking |
Big Bear RnR: Escape from Suburbia and Relax! Cabin | 3 bd · 2 ba · sleeps 8 | $19,223 | $235 | 22% | 4.8★ (32) | 348 ft | AirbnbVrbo |
Peter Pan Lodge - Fireplace, Deck, TVs Cabin | 3 bd · 2 ba · sleeps 6 | $564 | $0 | — | — | 390 ft | AirbnbBooking |
On Mountain Time-2bed 1bath+Loft House | 3 bd · 1 ba · sleeps 8 | $7,240 | $300 | 7% | 4.6★ (20) | 400 ft | AirbnbVrbo |
Meadow Retreat- Log Style Cabin W/ Spa-Pets OK House | 3 bd · 2 ba · sleeps 10 | $16,499 | $455 | 10% | 4.5★ (96) | 404 ft | AirbnbVrbo |
Family Friendly - Hot Tub - Bonus Living Space House | 3 bd · 2 ba · sleeps 6 | $46,659 | $199 | 64% | 4.8★ (357) | 522 ft | Airbnb |
Big Bear Cabin retreat! 3 Parking spots House | 3 bd · 2 ba · sleeps 8 | $32,092 | $269 | 33% | 4.8★ (82) | 0.1 mi | AirbnbVrbo |
Show all 50 comps
Modern Bearadise Hideaway: Spa, Firepit, 3Bdr
House · 3 bd · 2 ba · sleeps 8 · 0.1 mi
Revenue $61,007ADR $280Occ ≈ 60%5★ (95)
Renovated cabin, close to town, Lake & activities
Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi
Revenue $16,476ADR $488Occ ≈ 9%4.9★ (103)
The Duran Cabin - Vintage Big Bear Cabin In Big Bear City
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $25,535ADR $172Occ ≈ 41%—
“The Pilot's Chalet”
Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $5,324ADR $102Occ ≈ 14%4.7★ (3)
Big Bear getaway!
House · 3 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $6,830ADR $233Occ ≈ 8%4.8★ (4)
Modern Mountain Retreat - Dog Friendly, Foosball
House · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $15,749ADR $391Occ ≈ 11%4.5★ (4)
Big Bear: Beautiful Vacation Home Under the Pines
House · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $3,296ADR $207Occ ≈ 4%4★ (2)
Private Hot Tub, Fire table, Barbecue, Dogs Ok
House · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $16,056ADR $402Occ ≈ 11%5★ (18)
Big Hot Tub! - 5 Mins to Slopes!
House · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $19,427ADR $260Occ ≈ 20%4.3★ (24)
Danny’s Den - The Perfect Cabin with Hot Tub!
Cabin · 3 bd · 3 ba · sleeps 6 · 0.3 mi
Revenue $40,168ADR $170Occ ≈ 65%4.2★ (27)
Ski-Inspired Retreat - Fireplace,Close to Skiing!
Cabin · 3 bd · 1 ba · sleeps 8 · 0.3 mi
Revenue $3,884ADR $211Occ ≈ 5%4.2★ (10)
Cozy 3BR Big Bear Home with Hot Tub and Fire Pit
House · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi
Revenue $3,439ADR $246Occ ≈ 4%5★ (2)
Aframe, Huge Yard, Escooters, SUP Board, Kayak, EV
Cabin · 3 bd · 1 ba · sleeps 6 · 0.3 mi
Revenue $16,895ADR $310Occ ≈ 15%5★ (16)
Sequoia Mountain Retreat Big Bear~ Minutes to Activities
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $849ADR $0Occ ≈ ——
Lake Cabin with Boat Parking 5 mins from lake
Cabin · 3 bd · 2 ba · sleeps 6 · 0.3 mi
Revenue $17,119ADR $326Occ ≈ 14%5★ (6)
Above it All Retreat Cottage at Big Bear Lake
Vacation home · 3 bd · 1 ba · sleeps 6 · 0.4 mi
Revenue $43,141ADR $668Occ ≈ 18%—
Charming Woodsy Dog Friendly HomeHot
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $7,530ADR $235Occ ≈ 9%—
Charming Rustic Pet Friendly Mountain Cabin, with Deck, BBQ, Firepit, Fireplace
House · 3 bd · 3 ba · sleeps 8 · 0.4 mi
Revenue $4,029ADR $263Occ ≈ 4%—
1930's Rustic Cabin King of Kings !!Jacuzzi, Pet Friendly!!
Vacation home · 3 bd · 1 ba · sleeps 6 · 0.4 mi
Revenue $1,822ADR $250Occ ≈ 2%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
New! Bearadise ~Cozy Modern Getaway ~A-Frame Cabin Cabin | 3 bd · 2 ba · sleeps 6 | $7,225 | $165 | 12% | 4.2★ (7) | 0.1 mi | AirbnbVrbo |
Bear Cub Cabin + Hot-Tub & Outdoor Patio w/ BBQ! Cabin | 3 bd · 2 ba · sleeps 8 | $36,052 | $284 | 35% | 4.7★ (16) | 0.1 mi | AirbnbVrboBooking |
Modern Bearadise Hideaway: Spa, Firepit, 3Bdr House | 3 bd · 2 ba · sleeps 8 | $61,007 | $280 | 60% | 5★ (95) | 0.1 mi | Airbnb |
Cozy 3-bedroom cabin with indoor fireplace Cabin | 3 bd · 3 ba · sleeps 6 | $24,389 | $184 | 36% | 4.9★ (50) | 0.1 mi | AirbnbVrbo |
Big Bear Mountain Cabin | Pet-Friendly Cabin | 3 bd · 1 ba · sleeps 6 | $13,817 | $238 | 16% | 4.4★ (177) | 0.1 mi | AirbnbVrboBooking |
Renovated cabin, close to town, Lake & activities Cabin | 3 bd · 2.5 ba · sleeps 8 | $16,476 | $488 | 9% | 4.9★ (103) | 0.2 mi | Airbnb |
Mountain Family Getaway w/ Huge Fenced Yard Cabin | 3 bd · 1 ba · sleeps 6 | $8,817 | $279 | 9% | 4★ (3) | 0.2 mi | AirbnbVrboBooking |
*NEW* The Starlight Cottage+ BBQ & Patio! House | 3 bd · 2 ba · sleeps 8 | $26,374 | $218 | 33% | 4.8★ (8) | 0.2 mi | AirbnbVrboBooking |
Four Seasons Retreat Cabin | 3 bd · 2 ba · sleeps 8 | $38,611 | $370 | 29% | 4.9★ (121) | 0.2 mi | AirbnbVrbo |
The Duran Cabin - Vintage Big Bear Cabin In Big Bear City Vacation home | 3 bd · 2 ba · sleeps 6 | $25,535 | $172 | 41% | — | 0.2 mi | Booking |
"Cozy Bear Cabin, Hot tub, & Game Room" Cabin | 3 bd · 2 ba · sleeps 8 | $41,436 | $357 | 32% | 4.7★ (10) | 0.2 mi | AirbnbVrbo |
“The Pilot's Chalet” Cabin | 3 bd · 2 ba · sleeps 6 | $5,324 | $102 | 14% | 4.7★ (3) | 0.2 mi | Airbnb |
Woodsy Cozy Glam, Hot Tub, Pirate Ship and Xbox Cabin | 3 bd · 2.5 ba · sleeps 8 | $22,279 | $285 | 21% | 5★ (6) | 0.2 mi | AirbnbVrbo |
Fireplace, Deck, Barbecue Cabin | 3 bd · 2 ba · sleeps 6 | $41,936 | $316 | 36% | 3.9★ (12) | 0.2 mi | AirbnbVrbo |
Big Bear getaway! House | 3 bd · 2 ba · sleeps 6 | $6,830 | $233 | 8% | 4.8★ (4) | 0.2 mi | Airbnb |
Modern Mountain Retreat - Dog Friendly, Foosball House | 3 bd · 2 ba · sleeps 8 | $15,749 | $391 | 11% | 4.5★ (4) | 0.3 mi | Airbnb |
Sierra Family Getaway Spa/AC/Boat Parking/Wi-Fi House | 3 bd · 2 ba · sleeps 8 | $18,399 | $288 | 18% | 5★ (31) | 0.3 mi | AirbnbBooking |
Mountain Views- Gaming Table- Dog Friendly-Firepit House | 3 bd · 2 ba · sleeps 8 | $38,816 | $216 | 49% | 4.8★ (55) | 0.3 mi | AirbnbVrbo |
Big Bear: Beautiful Vacation Home Under the Pines House | 3 bd · 2 ba · sleeps 8 | $3,296 | $207 | 4% | 4★ (2) | 0.3 mi | Airbnb |
Private Hot Tub, Fire table, Barbecue, Dogs Ok House | 3 bd · 2 ba · sleeps 8 | $16,056 | $402 | 11% | 5★ (18) | 0.3 mi | Airbnb |
Big Hot Tub! - 5 Mins to Slopes! House | 3 bd · 2 ba · sleeps 8 | $19,427 | $260 | 20% | 4.3★ (24) | 0.3 mi | Airbnb |
Danny’s Den - The Perfect Cabin with Hot Tub! Cabin | 3 bd · 3 ba · sleeps 6 | $40,168 | $170 | 65% | 4.2★ (27) | 0.3 mi | Airbnb |
Ski-Inspired Retreat - Fireplace,Close to Skiing! Cabin | 3 bd · 1 ba · sleeps 8 | $3,884 | $211 | 5% | 4.2★ (10) | 0.3 mi | Airbnb |
Big Bear Bungalow ~ Cozy Mountain Big Bear Cottage Cabin | 3 bd · 1.5 ba · sleeps 8 | $15,577 | $454 | 9% | — | 0.3 mi | AirbnbVrbo |
Cozy 3BR Big Bear Home with Hot Tub and Fire Pit House | 3 bd · 2.5 ba · sleeps 8 | $3,439 | $246 | 4% | 5★ (2) | 0.3 mi | Airbnb |
Aframe, Huge Yard, Escooters, SUP Board, Kayak, EV Cabin | 3 bd · 1 ba · sleeps 6 | $16,895 | $310 | 15% | 5★ (16) | 0.3 mi | Airbnb |
Hot Tub & Game Room Close to Slopes/Lake! CUTE PAN Cabin | 3 bd · 2 ba · sleeps 8 | $14,741 | $441 | 9% | 4.5★ (31) | 0.3 mi | AirbnbVrboBooking |
2577-The Cave Vacation home | 3 bd · 2 ba · sleeps 7 | $13,813 | $445 | 9% | — | 0.3 mi | Booking |
Sequoia Mountain Retreat Big Bear~ Minutes to Activities Vacation home | 3 bd · 2 ba · sleeps 6 | $849 | $0 | — | — | 0.3 mi | Booking |
Lake Cabin with Boat Parking 5 mins from lake Cabin | 3 bd · 2 ba · sleeps 6 | $17,119 | $326 | 14% | 5★ (6) | 0.3 mi | Airbnb |
The Heartfelt Cabin: Best Views, Large Backyard! Cabin | 3 bd · 1.5 ba · sleeps 8 | $10,219 | $379 | 7% | 4.9★ (9) | 0.3 mi | AirbnbBooking |
Baby Bears Cabin -3BD, Kid+Dog Friendly w/ Jacuzzi House | 3 bd · 1.5 ba · sleeps 8 | $35,424 | $222 | 44% | 4.8★ (6) | 0.4 mi | AirbnbVrbo |
< 2 Mi to Lake: Big Bear City Cabin w/ Hot Tub! Cabin | 3 bd · 2 ba · sleeps 8 | $40,242 | $417 | 26% | 4.8★ (56) | 0.4 mi | AirbnbVrboBooking |
“Sweet OSO Cabin” Adventures are just a CLiCk Away Cabin | 3 bd · 2 ba · sleeps 8 | $3,426 | $180 | 5% | 5★ (2) | 0.4 mi | AirbnbVrbo |
Above it All Retreat Cottage at Big Bear Lake Vacation home | 3 bd · 1 ba · sleeps 6 | $43,141 | $668 | 18% | — | 0.4 mi | Booking |
Charming Woodsy Dog Friendly HomeHot House | 3 bd · 3 ba · sleeps 8 | $7,530 | $235 | 9% | — | 0.4 mi | Vrbo |
Charming Rustic Pet Friendly Mountain Cabin, with Deck, BBQ, Firepit, Fireplace House | 3 bd · 3 ba · sleeps 8 | $4,029 | $263 | 4% | — | 0.4 mi | Vrbo |
Pacific Crest Trail: Fireplaces! Vaulted Ceilings! House | 3 bd · 2 ba · sleeps 6 | $36,074 | $258 | 38% | 4.9★ (80) | 0.4 mi | AirbnbVrbo |
Winter Wonderland. Updated 3 Bedroom. Pet Friendly Cabin | 3 bd · 1 ba · sleeps 8 | $30,839 | $243 | 35% | 5★ (128) | 0.4 mi | AirbnbVrbo |
1930's Rustic Cabin King of Kings !!Jacuzzi, Pet Friendly!! Vacation home | 3 bd · 1 ba · sleeps 6 | $1,822 | $250 | 2% | — | 0.4 mi | Booking |
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 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$23,450
NOI
$6,888
Cash flow /mo
-$1,366
Cash needed
$123,900
Cash-on-cash
-13.2%
ROE (yr 1)
-2.6%
Cap rate
1.9%
DSCR
0.30
Year-1 write-off
$111,765
Year-1 tax shield @ 32%
$35,765
Year-1 return on equity
- Cash flow (annual)-$16,391
- Principal paydown$2,356
- Appreciation at%$10,800
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,690
- Platform fees (3% of revenue)$704
- Maintenance / capex (5% of revenue)$1,173
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,500
- Insurance (STR-rated)$1,836
Cash needed to close
- Down payment (25%)$90,000
- Closing costs (4.0%)$14,400
- Furnishing (bought new)$19,500
Tax savings if the STR loophole applies
- Tax shield @ 32%$35,765
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
$288,000
Short-life (5/15-yr)
$91,000 · 32%
Year-1 deduction
$112,000
Year-1 tax shield @ 32%
$36,000
Land 20% (county tax record, assessed value split) · building $197,000 over 39 years · new furniture $20,000
Based on: 1,027 sq ft, built 1968, 3 bd / 2 ba, unfurnished, listing features (deck, fireplace, appliance list).
IRS-guide safe-harbor floor: $70,000 in year 1 (17% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $10,500
Kitchen cabinetsdefault
$8,100 new × 40% good × 3.27 allocation
- $8,600
Kitchen countertopsdefault
$6,600 new × 40% good × 3.27 allocation
- $2,300
Decorative trimdefault
$1,800 new × 40% good × 3.27 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.27 allocation
- $1,600
Shelvingdefault
$1,200 new × 40% good × 3.27 allocation
- $3,300
Window coverings (10)default
$2,500 new × 40% good × 3.27 allocation
- $3,500
Carpet, vinyl & laminate (40% of floors)default
$2,600 new × 40% good × 3.27 allocation
- $8,200
Kitchen & laundry equipment plumbingdefault
$6,300 new × 40% good × 3.27 allocation
- $4,900
Kitchen, laundry & data equipment electricaldefault
$3,800 new × 40% good × 3.27 allocation
- $6,100
Appliances (range, microwave, refrigerator)listing
$4,700 new × 40% good × 3.27 allocation
- $19,500
Furniture bought newlisting
$19,500 new × 100% good · bought separately
- $10,800
Paving: driveway & walks (paved)default
$6,600 new × 50% good × 3.27 allocation
- $10,400
Landscaping (typical)default
$6,400 new × 50% good × 3.27 allocation
- $1,700
Patiosdefault
$1,000 new × 50% good × 3.27 allocation
- $18,900
Decks & porches (attached)listing
$11,600 new × 50% good × 3.27 allocation
- $144,600
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$110,700 new × 40% good × 3.27 allocation
- $15,000
Building plumbing & fixturesdefault
$11,500 new × 40% good × 3.27 allocation
- $13,400
Building electrical & lightingdefault
$10,300 new × 40% good × 3.27 allocation
- $15,100
HVACdefault
$11,600 new × 40% good × 3.27 allocation
- $5,200
Hardwood & tile floorsdefault
$4,000 new × 40% good × 3.27 allocation
- $3,400
Fireplacelisting
$2,600 new × 40% good × 3.27 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $68,900 | $41,800 | $1,100 | $111,800 |
| 2 | $0 | $0 | $5,000 | $5,000 |
| 3 | $0 | $0 | $5,000 | $5,000 |
| 4 | $0 | $0 | $5,000 | $5,000 |
| 5 | $0 | $0 | $5,000 | $5,000 |
| 6+ | $0 | $0 | $175,600 | $175,600 |
| Total | $68,900 | $41,800 | $196,800 | $307,500 |
The building's share of the price ($288,000) is 3.3x our depreciated replacement cost of the home ($88,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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 and Georgia 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.